The Foreign Exchange Market, often called the Forex or FX market, is a global platform where currencies are traded. It operates 24 hours a day, allowing traders, businesses, and governments to buy and sell currencies from around the world. The value of a currency is determined by various factors, including economic indicators, interest rates, and geopolitical events. In the Forex market, currencies are traded in pairs, such as the EUR/USD (Euro to US Dollar) or GBP/JPY (British Pound to Japanese Yen). This means that when you buy one currency, you are simultaneously selling another. The Forex market is the largest financial market in the world, with trillions of dollars exchanged daily.