What is Bitcoin?
What is Forex?
Forex, short for Foreign Exchange, refers to the global decentralized market for trading currencies. It involves the buying, selling, and exchanging of currencies at determined prices. Forex trading is conducted through a network of financial institutions, such as banks, central banks, corporations, and individual traders. The Forex market operates 24 hours a day, five days a week, and is the largest financial market globally, with trillions of dollars traded daily.
Forex trading offers individuals and institutions the opportunity to speculate on the fluctuating exchange rates between different currency pairs. Traders aim to profit from these price movements by buying a currency when its value is expected to rise and selling it when its value is expected to fall. Forex trading involves the use of leverage, which allows traders to control larger positions with a smaller amount of capital.