Forex trading, also known as foreign exchange trading or currency trading, is the process of buying and selling currencies in the foreign exchange market. The forex market is the largest and most liquid financial market in the world, with an average daily trading volume of over $6 trillion.
Forex traders aim to profit from changes in currency exchange rates by buying a currency when its value is low and selling it when its value is high. Currency prices are influenced by a variety of factors, including economic news, political events, and central bank decisions.
Forex trading can be done by individuals, institutions, and corporations, and can be conducted through a variety of platforms including online brokers, banks, and trading apps. It is important to understand the risks involved in forex trading, as the market can be volatile and losses can exceed deposits. It is also important to have a solid understanding of technical and fundamental analysis, as well as risk management strategies, to be successful in forex trading.