##Service Description## The Forex (foreign exchange) trading universe is a vast financial ecosystem where currencies are bought and sold. It operates 24 hours a day, five days a week, spanning different time zones across the globe. Here's a breakdown: Market Participants: The Forex market is dominated by various participants, including banks, financial institutions, corporations, governments, central banks, hedge funds, speculators, and retail traders. Each participant plays a unique role in shaping market dynamics. Currency Pairs: Forex trading involves the exchange of currency pairs, where one currency is traded for another. Major currency pairs, such as EUR/USD, GBP/USD, and USD/JPY, account for the majority of trading volume. Minor and exotic currency pairs are also traded but with lower liquidity. Liquidity: The Forex market is the most liquid financial market globally, with trillions of dollars exchanged daily. High liquidity ensures that traders can enter and exit positions with ease, minimizing slippage. Market Hours: Forex trading operates 24 hours a day, starting with the opening of the Asian session in Tokyo, followed by the European session in London, and then the North American session in New York. This continuous trading allows traders to react to global economic events as they unfold.