FXM, or Foreign Exchange Market, is a global marketplace where currencies are traded. It operates 24 hours a day, five days a week, allowing participants to buy, sell, and exchange currencies at current or determined prices. The market is decentralized, meaning it does not have a physical location, and transactions occur electronically through networks. Traders in the FXM include banks, financial institutions, corporations, and individual investors. The market is influenced by various factors, including economic indicators, geopolitical events, and market sentiment. Major currency pairs traded include EUR/USD, USD/JPY, and GBP/USD, which represent the value of one currency against another.