The foreign exchange market (FOREX – Foreign Exchange Market) is the largest and most liquid financial market in the world, with a daily trading volume of over 6 trillion dollars. It allows currency exchange between national currencies such as EUR/USD, GBP/JPY or USD/CHF.
Forex trading takes place in currency pairs – one currency is bought while the other is sold. The prices of these pairs are influenced by economic, political, and geopolitical factors.
Participants include central banks, governments, financial institutions, corporations, and individual traders who use platforms like MetaTrader 5.
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