What is the forex market? Forex is an international online currency market where national and regional currencies are traded such as USD, EUR, GBP, JPY, and other. Day by day, exchange rates of various currencies fluctuate on Forex depending on numerous factors. For example, the exchange rate of the EUR/USD pair can be at 1.2345 at a certain moment, but after some time it may slide to 1.2250. Forex market participants place trade orders at one price (deal opening) and conduct opposite exchange operations at another price (deal closing). This way, they aim to derive profit from the difference in rates.
