Forex Market

The Forex market, or foreign exchange market, is a global platform where currencies are traded. It operates 24 hours a day, allowing individuals, businesses, and governments to buy and sell currencies. The Forex market determines currency values based on supply and demand, influencing exchange rates—how much one currency is worth compared to another. Traders often engage in currency exchange for profit, while businesses use it for international trade. Unlike stock markets, the Forex market is decentralized, meaning there is no central exchange; trading occurs through a network of banks, brokers, and financial institutions worldwide.