📊 What is Forex?!
👆 Forex, also known as the foreign exchange market, is a global market in which foreign currencies are traded. This market is considered the largest of its kind in the world in terms of volume and liquidity, with hundreds of billions of dollars traded daily.
👆 In the Forex market, foreign currencies are bought and sold at prices that change constantly, and currency exchange rates are determined by economic, political and financial factors, such as interest rates, economic growth, inflation and geopolitical events.
👆 The Forex market is characterized by operating 24 hours a day, 5 days a week, allowing traders the opportunity to trade at different times around the world. Participants in this market include central banks, financial institutions, large companies, and individual investors.
📊 The primary goal of traders in the Forex market is to make a profit by exploiting changes in currency exchange rates, but this requires a high level of knowledge and skill in analyzing the market and making sound investment decisions.
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