📊 What is Forex?!
👆 Forex (Foreign Exchange), also known as the foreign currency market, is a global market where foreign currencies are traded. It is considered the largest market of its kind in the world in terms of size and liquidity, with hundreds of billions of dollars traded daily.
👆 In the Forex market, foreign currencies are bought and sold at prices that continuously change, determined by economic, political, and financial factors such as interest rates, economic growth, inflation, and geopolitical events.
👆 The Forex market is characterized by operating 24 hours a day, 5 days a week, allowing traders the opportunity to trade at different times around the world. Participants in this market include central banks, financial institutions, large corporations, and individual investors.
📊 The primary goal of traders in the Forex market is to achieve profit by exploiting changes in currency exchange rates, but this requires a high level of knowledge and skill in market analysis and making sound investment decisions.
