Forex trading offers the potential for profit through the speculation of currency movements. However, it also comes with significant risks, especially due to the leverage involved. Proper education, risk management, and choosing a reliable broker are essential for those looking to participate in the forex market. Forex is the single largest traded market globally, with up to five trillion traded each day and is considered decentralized because there is no central processor for trades– in other words, there is no entity that acts as a central exchange like the NASDAQ or the NYSE. Instead, orders are completed by millions of traders using millions of various forex brokers around the world.