WHAT IS FOREX TRADING

Forex trading, also known as foreign exchange trading or currency trading, involves buying and selling currencies on the global market. It is one of the largest and most liquid financial markets in the world, where currencies are traded in pairs, such as EUR/USD (Euro/US Dollar). The aim is to profit from fluctuations in exchange rates between different currencies. Traders can speculate on whether the value of one currency will rise or fall relative to another.

The forex market operates 24 hours a day, five days a week, allowing traders worldwide to engage in buying and selling activities. It is essential to understand factors like economic indicators, interest rates, and geopolitical events, as they influence currency values. By using strategies and technical analysis, traders aim to make informed decisions and manage risks effectively.