The forex market is the largest financial market in the world, with over $7.5 trillion traded daily.

What is Forex?

Foreign exchange (forex or FX) is the global marketplace for exchanging national currencies.

Who Trades Forex?

• Banks — The biggest players, facilitating client trades and speculating
• Corporations — Hedging against currency risk in international operations
• Retail Traders — Individual investors speculating on currency movements
• Central Banks — Intervening to stabilize their national currency

Major Currency Pairs

The most traded pairs include:

• EUR/USD (Euro/Dollar)
• USD/JPY (Dollar/Yen)
• GBP/USD (Pound/Dollar)
• USD/CHF (Dollar/Swiss Franc)

How It Connects to You

Every time you convert currencies, you're participating in this massive global market.