Trade FX

Trade FX

Trading FX, also known as forex or foreign exchange trading, involves buying and selling currencies on the global market. It's a large market with a daily trading volume exceeding $7 trillion.

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  Currency Pairs:
  Forex trading is done in pairs like EUR/USD. Trading involves buying one currency while selling another.
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  Speculation:
  Traders speculate on currency price changes to profit from exchange rate fluctuations. For example, buying EUR/USD if you expect the Euro to strengthen against the US dollar.
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  Decentralized Market:
  Forex is an over-the-counter (OTC) market without a central exchange. Transactions happen electronically between parties worldwide.
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  24/5 Market:
  The market operates 24 hours a day, five days a week, due to global trading hubs.