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📘 Forex Education – Part 1 🔹 Introduction to the Forex Market Forex (FOREX) stands for Foreign Exchange Market — the global marketplace where currencies are traded against each other. For example: EUR/USD (Euro vs. US Dollar) or GBP/JPY (British Pound vs. Japanese Yen). ⸻ 💱 Why is Forex the Largest Market in the World? Over 7 trillion dollars are traded in Forex every single day. Unlike local stock exchanges, the Forex market operates 24 hours a day, five days a week, because trading sessions overlap across major financial centers like London, New York, Tokyo, and Sydney. ⸻ 🏦 Main Participants in the Forex Market 1. Central Banks – control money supply and currency policy 2. Commercial Banks & Financial Institutions – conduct international trading operations 3. Corporations – exchange currencies for import/export activities 4. Retail Traders (like us) – trade to profit from currency price movements.

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