The foreign exchange market.

[skrimon]

18 hours ago, Nilde Lucchese said:

The foreign exchange market, also known as forex or FX, is the largest and most liquid financial market globally, where currencies are traded. It operates 24 hours a day, five days a week, allowing participants to buy, sell, exchange, and speculate on currency pairs. Major participants include banks, corporations, governments, central banks, and individual traders. The forex market facilitates international trade and investment by determining exchange rates between different currencies. Its decentralized nature, high liquidity, and low barriers to entry make it attractive to traders worldwide.

 

Great summary of the forex market!  One key aspect to add might be the distinction between spot forex (immediate exchange) and forex forwards/futures (contracted exchange at a future date).  This can impact trading strategies  for different market participants.  Are you interested in spot forex or a specific type of forex derivative?