Forex (Foreign Exchange)

Forex (Foreign Exchange) is the global financial market where people buy and sell different currencies.

In simple terms, forex trading means exchanging one currency for another with the aim of making a profit from changes in their prices. For example, trading the US Dollar (USD) against the Euro (EUR).

The forex market is:

• The largest financial market in the world
• Open 24 hours a day, 5 days a week
• Driven by banks, traders, companies, and governments

Traders make money by predicting whether a currency will rise or fall in value compared to another currency.

Forex trading involves risk, but with proper strategy and risk management, it can be a way to earn income from global currency movements.