What is Forex trading and how does it work?
Forex trading, or foreign exchange trading, is the process of buying and selling currencies in the global marketplace to profit from exchange rate fluctuations. It works by traders speculating on whether one currency will rise or fall in value against another. Forex is conducted 24/5, primarily through brokers or trading platforms, and involves analyzing market trends, economic data, and geopolitical events to make informed trading decisions. With high liquidity and leverage options, Forex trading offers profit potential but also carries risks.