What is forex trading?
Forex trading, also known as foreign exchange trading or currency trading, is the process of buying and selling currencies on the global market. The goal is to profit from changes in exchange rates between currency pairs—for example, trading the euro (EUR) against the US dollar (USD). The forex market is the largest and most liquid financial market in the world, with over $6 trillion traded daily. It operates 24 hours a day, five days a week, and is open to individuals, institutions, and governments. Traders use strategies, technical analysis, and economic data to make decisions and capitalize on market movements.
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