Forex

Forex, short for foreign exchange, refers to the global decentralized market where currencies are bought and sold. It is the largest and most liquid financial market in the world, with participants ranging from individual traders to large financial institutions.

The primary purpose of the forex market is to facilitate the conversion of one currency into another for various purposes, such as international trade, tourism, and investment. Currencies are always traded in pairs, with the value of one currency relative to another constantly fluctuating based on supply and demand dynamics.

The forex market operates 24 hours a day, five days a week, enabling continuous trading across different time zones.