Forex, or FX, refers to the global market where individuals and institutions buy and sell foreign currencies.
It is a highly liquid market with a daily turnover exceeding $6 trillion. Participants in this market include central banks, private banks, hedge funds, traders, and travelers from around the world, and it operates 24 hours a day for 5.5 days a week.
Currency prices in the forex market fluctuate continuously, presenting investors with abundant trading opportunities. Investors aim to profit by accurately forecasting the price movements of various currency pairs.