The Forex market, short for foreign exchange market, is the world’s largest and most liquid financial market. It involves the buying and selling of currencies, and operates globally, 24 hours a day, five days a week.

In simple terms, Forex trading is the process of exchanging one currency for another—such as converting US dollars (USD) into euros (EUR). This is essential for international trade, travel, and investment, and it creates constant demand and movement in currency prices.

Traders in the Forex market aim to profit from changes in exchange rates. For example, if a trader believes that the euro will rise in value against the US dollar, they may buy euros and sell dollars, hoping to sell the euros later at a higher price.