What is Forex?

Forex (Foreign Exchange) is the global market where currencies are bought and sold. It is the largest and most liquid financial market in the world, with a daily trading volume in excess of $7 trillion.

Unlike the stock exchange, Forex does not have a central physical location, as it operates in a decentralized manner through banks, financial institutions and traders around the world. It operates 24 hours a day, 5 days a week, allowing you to trade anytime, anywhere.

How does the Forex market work?

Forex trading consists of exchanging one currency for another, with the expectation that the value of one will increase in comparison to the other. These transactions are always done in currency pairs, such as:

🔹 EUR/USD - Euro vs. US Dollar.

🔹 GBP/JPY - British Pound vs. Japanese Yen

🔹 USD/CAD - U.S. dollar vs. Canadian dollar

Each currency pair has a buy price and a sell price, allowing traders to speculate on the direction of the market and make profits.

Advantages of Forex trading

✅ High liquidity: Thousands of transactions per second ensure that there are always buyers and sellers.

✅ Flexible hours: Trade at any time, no need to wait for a market to open.

✅ Accessible to all: You don't need large capital to get started, you can trade with accounts as low as $10.

✅ Constant opportunities: You can earn in both rising and falling markets.

📊 The market never stops and the opportunities are there!