Forex Trading

Forex trading, or foreign exchange trading, involves buying and selling currencies in the global market. It operates 24 hours a day, five days a week, allowing traders to speculate on currency price movements. The forex market is decentralized, with transactions taking place over-the-counter through banks, brokers, and financial institutions. Traders use strategies based on technical and fundamental analysis to make informed decisions. Leverage is commonly used to amplify potential gains, but it also increases risk. Forex trading requires knowledge, discipline, and a well-planned approach to navigate market fluctuations effectively.