FX Trading for Beginners

The foreign currency exchange market, also known as forex or FX, is the largest financial market in the world in terms of volumes traded. Forex is a global market that does not have a single geographical, financial or regulatory centre. It operates on a 24-hour-a-day basis and is closed only at the weekend. FX traders attempt to correctly anticipate increases or decreases in the value of one currency as measured against another.FX prices are always quoted in a pair and forex trading is essentially the purchase of one currency and the simultaneous sale of another. Some of the most commonly traded FX pairs are the Euro against the US D

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