What is forex trading?

Forex trading, also known as foreign exchange trading or currency trading, is the process of buying and selling currencies on the global market. It involves trading currency pairs, such as EUR/USD or GBP/JPY, where one currency is exchanged for another in the hope of profiting from changes in their exchange rates. As the largest and most liquid financial market in the world, the forex market operates 24 hours a day, five days a week, and is driven by factors like economic data, political events, interest rates, and global market sentiment. Traders, both beginners and professionals, participate in forex trading to take advantage of these price movements and potentially earn profits.
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