Forex trading, or foreign exchange trading, involves buying and selling currencies in the global market. Traders aim to profit from changes in currency values, which fluctuate based on economic factors, geopolitical events, and market sentiment. The forex market operates 24 hours a day, allowing participants to trade at any time. Participants in forex trading include banks, financial institutions, corporations, and individual traders. The market is the largest and most liquid financial market in the world, with trillions of dollars exchanged daily. Traders use various strategies and tools to analyze currency pairs and make informed decisions.