Foreign exchange, also known as Forex, is the process of converting one currency into another. It is one of the world’s most traded markets, with a daily trading volume of over $5 trillion.
There are many reasons why someone might want to make money in foreign exchange. Some people do it as a way to hedge against currency fluctuations. Others do it as a way to speculate on the direction of currency prices. And still others do it as a way to earn a profit from the difference in interest rates between different countries.