The foreign exchange markets, often referred to as Forex or FX, are global platforms where currencies are traded. These markets operate 24 hours a day, allowing participants to buy, sell, and exchange currencies at current or determined prices. The primary purpose of the Forex market is to facilitate international trade and investment by enabling currency conversion. Participants in the foreign exchange markets include banks, financial institutions, corporations, and individual traders. The value of currencies is influenced by various factors, including economic indicators, interest rates, and geopolitical events. This dynamic environment makes Forex trading both complex and potentially profitable.