Forex, short for foreign exchange, refers to the global marketplace for trading national currencies against one another. It is one of the largest financial markets in the world, where daily trading volumes exceed trillions of dollars. Unlike traditional stock markets, the forex market operates 24 hours a day, five days a week, allowing traders to engage in currency trading at any time. This continuous operation is made possible by the decentralized nature of the market, which is composed of a network of banks, financial institutions, corporations, and individual traders who interact through electronic trading platforms. The primary purpose of forex trading is to facilitate international trade and investment. When businesses engage in cross-border transactions, they often need to convert their local currency into that of the other party involved. Forex provides the necessary platform for these conversions, allowing currencies to be exchanged at prevailing market rates. The market is driven by supply and demand dynamics, influenced by various factors including economic indicators, geopolitical events, and market sentiment, which can lead to fluctuations in currency values. Participants in the forex market are diverse, ranging from large institutional investors and banks to individual retail traders. Each participant has different motivations for trading, whether it be hedging against currency risk, speculating on price movements, or seeking to profit from short-term trading opportunities. Retail traders, in particular, have gained increasing access to the forex market due to advancements in technology, enabling them to trade from their personal computers or mobile devices. This accessibility has contributed to a growing interest in forex trading as a means of generating additional income or achieving financial independence.