Currencies (Forex)

Forex is the global market for trading currencies. It is the largest and most liquid financial market. Currency prices move from interest rates, economic news, and politics. Forex is fast and can be risky for beginners. It offers 24/7 trading. Large institutions and governments dominate the market. Many traders use forex for short-term strategies.

Major pairs include EUR/USD, GBP/USD, USD/JPY which are the most traded. They are stable and low-spread. Minor pairs like EUR/JPY or GBP/AUD exclude the US dollar. They move more unpredictably. Exotic pairs include currencies like TRY, ZAR, MXN paired with majors. They are high-risk and high-volatility.