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Forex, also known as foreign exchange or FX, is the global market where currencies are traded. It is the most liquid market in the world, with an average daily trading volume of over $5 trillion. The forex market is open 24 hours a day, five days a week, and currencies are traded in pairs, such as EUR/USD or GBP/JPY. The forex market is driven by a variety of factors, including economic news, political events, and central bank interest rate decisions. Forex traders can buy and sell currencies based on their expectations of how these factors will affect the future value of the currencies.
