A currency must be converted into another in order to conduct financial transactions, make investments, or travel. This process is known as forex trading or FX trading. The daily trading volume in the world's foreign exchange market increased to $7.5 trillion in 2022, according to a report published in 2022 by the Bank for International Settlements, a global organization that supports central banks worldwide. To learn more about the forex market, its different uses, and the crucial steps on how to start a forex trading journey, keep reading.