Forex, also known as the foreign exchange market, is a decentralized global market where currencies are bought and sold. It is the largest financial market in the world, with an average daily trading volume of over $5 trillion.
The forex market has its roots in the ancient world, when people started using various currencies to facilitate trade. However, the modern forex market as we know it today emerged after World War II, when countries began to adopt floating exchange rates. This allowed the value of currencies to be determined by supply and demand in the market, rather than being fixed to the value of a commodity like gold.
The forex market is open 24 hours a day, five days a week, and it is accessible to anyone with an internet connection. It is also a highly liquid market, which means that it is easy to buy and sell currencies at any time. The forex market is a key component of the global financial system and plays a vital role in international trade and investment.