The forex market, or foreign exchange market, is a global platform where currencies are traded. It operates 24 hours a day, five days a week, allowing traders to buy and sell currencies from around the world. The market is decentralized, meaning there is no central exchange, and transactions occur over-the-counter through a network of banks, brokers, and financial institutions. In the forex market, currency values fluctuate based on various factors, including economic indicators, interest rates, and geopolitical events. Traders aim to profit from these fluctuations by speculating on the future value of one currency against another, such as the U.S. dollar versus the euro.