#Firstdealofthenewyearastylz The foreign exchange (Forex) market is the largest and most liquid financial market globally, with a daily trading volume exceeding $6 trillion. This study examines the structure of the Forex market, focusing on its participants and trading mechanisms. We analyze the roles of various market participants, including banks, brokerages, hedge funds, and retail traders, and explore the different trading mechanisms, such as spot trading, forwards, swaps, and options. Our findings highlight the complexity and diversity of the Forex market, and we discuss the implications of our results for market participants, policymakers, and researchers. The Forex market is a decentralized, over-the-counter (OTC) market where currencies are traded. Its sheer size and global reach make it a critical component of the international financial system. Understanding the structure of the Forex market is essential for market participants, policymakers, and researchers, as it can inform investment decisions, risk management strategies, and policy interventions.