The Forex (foreign exchange) market is the world’s largest financial market, with a daily trading volume exceeding $6 trillion. It operates 24 hours a day, five days a week, and involves trading currencies in pairs, such as EUR/USD. Market participants include central banks, commercial banks, corporations, and individual traders.

Forex trading strategies range from short-term (scalping and day trading) to long-term (swing and position trading), using both fundamental analysis (economic indicators) and technical analysis (price charts). Key concepts include exchange rates, pips (price movements), lots (trade sizes), and the bid/ask spread (difference between buying and selling prices).

Risk management is crucial, involving tools like stop-loss and take-profit orders, and leveraging to enhance returns while mitigating potential losses. Beginners should start by choosing a reputable broker, practicing with a demo account, and developing a trading plan.