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Umer Khanday

Forex (foreign exchange) trading is the decentralized, global over-the-counter (OTC) market where participants buy and sell national currencies to profit from changing exchange rates. Traded in pairs (e.g., EUR/USD), the market operates 24 hours a day, 5

Narnaul, Jammu and Kashmir, India
Published 2 weeks ago
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Forex (foreign exchange) trading is the decentralized, global over-the-counter (OTC) market where participants buy and sell national currencies to profit from changing exchange rates. Traded in pairs (e.g., EUR/USD), the market operates 24 hours a day, 5 days a week, and boasts a daily trading volume exceeding $5 trillion.How the Market WorksCurrencies are always traded against each other. The first currency in a pair is the base currency and the second is the quote currency, indicating how much of the quote currency is needed to buy one unit of the base currency. Traders speculate whether the value of the base currency will rise or fall relative to the quote.

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