Forex is the world's largest decentralized currency trading market. Daily trading volume reached $7.5 trillion in April 2022. London dominates with 38.1% of total trading volume. Most trades involve two currencies, with USD as base currency
Forex market trades 24 hours daily with over $8.2 trillion in daily transactions. Market operates in three main sessions: Asian, European, and North American. Trading hours vary by location, with Tokyo, London, and New York being main hubs
Forex is the world's largest financial market, trading currencies 24/7. Market consists of banks, dealers, central banks, and investors. Currencies are traded in pairs, with value determined by relative exchange rates
Forex trading involves buying and selling currencies to profit from price changes. All trades are marked to market in real time. Mark-to-market shows unrealized P&L values during open positions
A pip is the smallest whole unit price move in forex trading. One pip equals 0.0001 and appears in the fourth decimal place. Most currency pairs are quoted to four decimal places
Forex market operates 24 hours daily except weekends. Market is decentralized with four major sessions: Sydney, Tokyo, London, New York. Seven most traded currencies: USD, EUR, JPY, GBP, AUD, CAD, CHF