Forex, or foreign exchange trading, is the process of buying and selling currencies to profit from their price movements. It operates on the largest financial market in the world, with daily trading volumes exceeding $6 trillion.
The Forex market functions through a decentralized network of banks, brokers, and financial institutions. It’s open 24 hours a day, five days a week, divided into major trading sessions (e.g., London, New York, and Tokyo).
For example, when you trade the EUR/USD currency pair, you’re speculating on the euro's value against the US dollar. If you believe the euro will strengthen, you buy the pair; if you think it will weaken, you sell it.
The Forex market functions through a decentralized network of banks, brokers, and financial institutions. It’s open 24 hours a day, five days a week, divided into major trading sessions (e.g., London, New York, and Tokyo).
For example, when you trade the EUR/USD currency pair, you’re speculating on the euro's value against the US dollar. If you believe the euro will strengthen, you buy the pair; if you think it will weaken, you sell it.