Foreign exchange (forex) is the process of converting one currency into another. It is a global market that involves the trading of currencies from all over the world. The foreign exchange market is the largest and most liquid financial market in the world, with a daily trading volume of over $5 trillion.
There are many reasons why people trade foreign exchange. Some people trade forex to make a profit, while others trade forex to hedge against currency risk. Forex trading can be a complex and risky undertaking, but it can also be a rewarding one.