The foreign exchange (forex) market is intimidating when encountering it for the first time. An endless sea of foreign currencies being bid up and down, it is seemingly without reason or purpose. Yet this is the largest and most liquid financial market in the world. Trillions of U.S. dollars’ worth of currencies flow in and out of the forex market on a daily basis. The forex market accomplishes multiple purposes, perhaps the most important of which is facilitating international trade. Multinational corporations use it to move profits and revenues from one country to another. Central banks use it to execute domestic monetary policy objectives.