Forex, or foreign exchange, is the global market for trading currencies. It involves buying one currency while simultaneously selling another, often in currency pairs like EUR/USD. The forex market operates 24/5, is highly liquid, and boasts a daily trading volume in the trillions of dollars. Many traders use leverage to control larger positions, though it amplifies risks. Participants, including speculators and multinational corporations, aim to profit from currency price fluctuations influenced by various factors. Forex brokers facilitate trading, and risk management is crucial due to market volatility. While it offers opportunities, forex trading carries substantial risk and requires education and prudent decision-making.

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