Currency trading, also known as foreign exchange or forex, involves the buying and selling of different currencies. It’s the largest financial market, with trillions of dollars traded daily. Currency trading allows individuals, businesses, and governments to exchange one currency for another at agreed-upon exchange rates.
Currency trading has many benefits, including facilitating international trade and investment, hedging against currency fluctuations, and providing speculative opportunities. Historically, currency trading has played a significant role in global commerce and economic development.
