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What Is Forex?

The foreign exchange market (forex or FX) is a decentralised market for trading global currencies.

With an average daily turnover of US$4 trillion, the forex market is the largest exchange market in the world. Investors participating in forex trading seek bid and ask prices from liquidity providers, trading by anticipating price moves of global currencies. Each forex trade buys or sells a currency in a currency pair. The forex market appeals to many investors for its high liquidity, global presence, 24/5 trading and ability to use leverage, which can significantly increase losses as well as profits.