What is Forex?

Forex (от английского Foreign Exchange или FX) — This is an international currency market where transactions for the purchase and sale of currencies are carried out. It is the largest financial market in the world, with a daily turnover exceeding 6 trillion USA dollars.

Key features of Forex:

• Decentralization: Forex does not have a single exchange or center, trading is conducted through a network of banks, brokers and dealers.
• Round-the-clock trading: The market is open 24 hours a day, five days a week, thanks to time zones.
• Currency pairs: Trading is conducted in pairs, for example, EUR/USD (euro against the USA dollar).
• Liquidity: High liquidity allows you to quickly buy and sell assets.
• Risk: Forex is associated with high volatility, which makes it a high-risk investment.

How is Forex used?

Forex is used for:

1. Speculation on changes in exchange rates.
2. Hedging of currency risks by companies.
3. Ensuring international trade and investment.

Successful Forex trading requires deep knowledge, market analysis and risk management.