Forex or Foreign Exchange market is open 24 hours a day, 5 days a week. Forex is considered to be the largest and most liquid trading market in the world with daily volumes exceeding $4 trillion surpassing any other exchange-based market in the world today.

Trading Foreign Exchange involves trading one currency pair against another, predicting that one currency will rise or fall against another. Currencies are traded in pairs, like Euro versus US Dollar (EUR/USD).

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It’s this exchange rate that determines how much of one currency you get in exchange for another, e.g. how many pounds you get for your euros.