Forex trading works through the exchange of one currency for another. Traders aim to profit from the changes in exchange rates, buying low and selling high. The market operates 24 hours a day, five days a week, with various trading sessions around the world. Traders use a combination of strategies, including technical analysis and fundamental analysis, to predict currency movements. It is essential to understand how to manage risk and use leverage wisely, as forex trading can be volatile. Starting with a demo account is a great way for beginners to practice without real money.