Category: Forex

Forex, or foreign exchange, is the global market where currencies are traded. Forex is the biggest and most liquid market in the world, with an average daily trading volume of over $7 trillion. Forex traders buy and sell currencies to profit from the changes in their exchange rates, or to hedge against currency risk. Forex trading can be done through spot, forward, futures, and options contracts. Forex trading involves various factors, such as interest rates, inflation, geopolitics, and supply and demand.