What is FOREX TRADING?

 

Forex trading, also known as foreign exchange trading or currency trading, is the buying and selling of currencies in the global foreign exchange market. The forex market is the largest and most liquid financial market in the world, with an average daily trading volume of over $5 trillion.

Forex traders aim to profit from fluctuations in currency exchange rates by buying a currency at a low price and selling it at a higher price, or by selling a currency at a high price and buying it back at a lower price. Currency prices are influenced by a variety of economic, political, and social factors, and traders use a variety of tools and techniques to analyze these factors and make informed trading decisions.

Forex trading can be done through a broker, who provides access to the market and facilitates trades on behalf of the trader. Traders can also use various trading platforms, including desktop and mobile applications, to place trades and manage their accounts. However, forex trading can be risky and is not suitable for everyone. It is important for traders to understand the risks involved and to have a solid trading strategy in place before entering the market.

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