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Watching price action since 2013 and still learning in 2023.
The foreign exchange market, also known as the forex market, is a decentralized financial market where currencies are traded globally. It is the largest and most liquid financial market in the world, with an estimated daily turnover of over $6.6 trillion as of April 2021.
The forex market operates 24 hours a day, five days a week, and is composed of a network of banks, financial institutions, and individual traders who buy and sell currencies based on their value in relation to other currencies.
The forex market plays a crucial role in international trade and finance, as it allows businesses and individuals to convert one currency into another and facilitates the movement of goods and services across borders. It also provides opportunities for traders to profit from fluctuations in currency exchange rates through speculation and hedging strategies.
The forex market is constantly changing, influenced by a wide range of economic, political, and social factors that impact the value of currencies. As a result, traders must stay informed about global events and trends in order to make informed trading decisions and manage their risk effectively.