π What is Forex?
Forex (Foreign Exchange) is where currencies are bought and sold. Itβs a decentralized market operating 24 hours a day, 5 days a week.
You always trade one currency vs another (a pair).
EUR / USD Base Quote
If EUR/USD = 1.1000, one Euro costs 1.10 USD.
Why it matters
- Global commerce depends on currency exchange
- Huge liquidity (many buyers/sellers)
- Tight spreads and flexible hours
π§ Think of Forex as a massive, always-on currency marketplace.