Forex (Foreign Exchange)

Forex, or Foreign Exchange, is the global marketplace for trading national currencies against one another. It operates 24 hours a day, allowing businesses, investors, and traders to exchange currencies for various purposes, such as international trade or investment. The value of a currency fluctuates based on economic factors, geopolitical stability, and market speculation. Forex trading involves buying one currency while simultaneously selling another, with the aim of making a profit from changes in exchange rates. It's one of the largest financial markets in the world, with trillions of dollars traded daily.