Also known as foreign exchange trading or currency trading, is the global decentralized market for trading currencies. In this market, participants buy, sell, exchange, and speculate on the value of various currencies from around the world. The primary goal of forex trading is to profit from the fluctuations in exchange rates between different currencies.

• The forex market is known for its high liquidity and volatility. Prices can change rapidly, and traders aim to profit from these price movements.
• The forex market operates 24 hours a day, five days a week, due to the global nature of trading across different time zones.
• Many traders participate in the forex market to speculate on currency price movements. They analyze economic, political, and geopolitical factors that can influence exchange rates.