Forex

Forex, short for the foreign exchange market, is a worldwide market where people and organizations trade one currency for another. In simple terms, it’s where currencies are bought and sold, like exchanging euros for dollars or pounds for yen. The market is open 24 hours a day from Monday to Friday because trading moves across different time zones, and it typically closes on weekends and major global holidays.

Forex is one of the most active and liquid markets in the world, meaning trades happen constantly and it’s usually easy to buy or sell without big delays. Many participants use Forex for different reasons: banks exchange money for international transactions, companies use it to pay overseas partners or manage currency risk, and individual traders try to profit from changes in exchange rates.