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What is forex trading?
Forex trading, also known as foreign exchange trading or currency trading, is the process of buying and selling currencies in the global market. It is the largest and most liquid financial market in the world, with a daily trading
volume exceeding $7 trillion. The forex market operates 24 hours a day, five days a week, allowing traders to engage in transactions across different time zones.
Forex trading involves trading currency pairs, such as EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen). The goal is to profit from fluctuations in exchange rates. Traders analyze economic indicators, geopolitical
events, and market trends to make informed decisions. There are two main types of forex trading: spot trading, where currencies are exchanged instantly, and derivatives trading, which includes futures and options contracts
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