Prior to commencing trading, consider these fundamentals:

The global foreign exchange market is where forex trading occurs, enabling the exchange of currencies worldwide. Currencies play a crucial role in international trade, enabling individuals and businesses to engage in domestic and international transactions, thus promoting global economic activity.
The trading of currencies between countries is essential for global commerce and business. This process occurs through a system of buyers and sellers who discuss and agree upon exchange rates. People, companies, and financial organizations engage in this process to change one currency to another when necessary. Although the foreign exchange market has a long history, its widespread use is a more recent phenomenon.
The foreign exchange market's 24/5 availability makes it an unmatched platform for global trading due to its round-the-clock operation.
Investors have the opportunity to take advantage of interest rate variations between two economies by buying the currency with the higher interest rate and at the same time selling short the currency with the lower interest rate, potentially making a profit from the difference.