Forex trading, also known as foreign exchange trading, is the process of buying and selling currencies in order to make a profit. Forex trading occurs in a decentralized market where currencies are traded 24 hours a day, 5 days a week.

Traders can buy or sell different currency pairs, such as the US dollar vs the euro or the Japanese yen vs the British pound. The aim of forex trading is to buy a currency at a low price and sell it at a higher price, or to sell a currency at a high price and buy it back at a lower price.

Forex trading is typically done through a broker or a trading platform such as https://www.foreximf.com/trading-forex . Traders use technical and fundamental analysis to make decisions about when to buy or sell a currency. Technical analysis looks at price charts and indicators to identify patterns and trends, while fundamental analysis looks at economic and political events to assess their impact on a currency’s value.

Forex trading can be risky, as currency prices can be affected by a wide range of factors such as economic data, political developments, and changes in central bank policy. However, by using risk management techniques such as stop-loss orders and position sizing, traders can limit their losses and maximize their profits.