foreign exchange trading

Foreign exchange (forex) trading involves buying and selling currencies from different countries to profit from changes in their exchange rates. Participants, such as banks, investors, or corporations, exchange one currency for another, aiming to predict whether the value of a currency will rise or fall. The market operates 24 hours globally, with currency values influenced by economic data, political stability, and market sentiment. Forex trading serves both practical purposes, like international trade, and speculative investments, making it one of the largest and most liquid financial markets worldwide.