Forex Trading

Forex trading, or foreign exchange trading, is the process of buying and selling currencies in the global marketplace. It operates 24 hours a day, five days a week, and is the largest financial market in the world. Traders speculate on currency price movements, aiming to profit from fluctuations caused by economic, political, and financial factors. Forex trading involves currency pairs, such as EUR/USD or GBP/JPY, where one currency is exchanged for another. Key participants include banks, financial institutions, corporations, and retail traders. Strategies range from short-term scalping to long-term trend trading, with leverage amplifying both potential gains and risks.