Forex Market | Foreign Exchange Market The forex market, also known as the foreign exchange market or currency market, is a decentralized global marketplace where participants trade currencies. It is the largest and most liquid financial market in the world, with an average daily trading volume of trillions of dollars. The forex market operates 24 hours a day, five days a week, across different time zones. Its primary purpose is to facilitate currency conversion for international trade and investment. Participants in the forex market include banks, financial institutions, corporations, governments, speculators, and individual traders. In forex trading, currencies are traded in pairs, such as the EUR/USD (Euro/U.S. Dollar) or GBP/JPY (British Pound/Japanese Yen). The value of one currency is determined relative to another currency in the pair. Forex traders aim to profit from the fluctuations in exchange rates between currency pairs by buying a currency at a lower price and ...
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