Forex trading is the act of buying and selling currencies in the global financial market. It is the largest and most liquid market in the world, with daily trading volumes exceeding $6 trillion. Forex trading allows individuals, businesses, and institutions to exchange one currency for another, aiming to profit from price fluctuations. The forex market operates 24 hours a day, five days a week, and is decentralized, meaning it has no central exchange. It consists of various participants, including banks, hedge funds, corporations, retail traders, and central banks. Trading takes place electronically over-the-counter (OTC) through a network of financial institutions, brokers, and liquidity providers.