Forex (short for foreign exchange or FX) is the global marketplace for trading currencies. It is the largest and most liquid financial market in the world, where participants, including banks, financial institutions, corporations, governments, and individual traders, buy, sell, and exchange currencies at current or determined prices.

Forex operates over-the-counter (OTC), meaning that trading is done electronically via a network of banks, brokers, and institutions, rather than through a centralized exchange. The primary purpose of the forex market is to facilitate international trade and investment by enabling businesses to convert one currency to another. However, it is also heavily used for speculative purposes, where traders aim to profit from fluctuations in currency exchange rates

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