Foreign Exchange Market (Forex)

The Foreign Exchange Market, or Forex, is a global marketplace where currencies are traded. It allows businesses, investors, and governments to buy and sell different countries' currencies to facilitate international trade, investment, or for speculative purposes. Unlike stock markets, Forex operates 24 hours a day across various financial centers worldwide. Currency prices fluctuate based on economic factors, interest rates, political stability, and market sentiment, making Forex a highly dynamic and liquid market. It plays a crucial role in the global economy by enabling currency conversion and influencing international financial transactions.