Forex, or foreign exchange, is the global market where currencies are traded. It is the largest and most liquid financial market in the world, with an average daily trading volume exceeding $5 trillion. In the forex market, currencies are traded in pairs, with the value of one currency relative to another constantly fluctuating based on various factors such as economic data, geopolitical events, and market sentiment. Traders in the forex market can speculate on these price movements to make a profit.
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