Forex trading, also known as foreign exchange trading or FX trading, is the act of buying, selling, and exchanging currencies with the aim of making a profit. It operates on the principle of trading currency pairs, where one currency is exchanged for another at an agreed-upon exchange rate. Traders speculate on the price movements of these currency pairs, aiming to profit from fluctuations in exchange rates. It’s a decentralized market, meaning it doesn’t have a physical location, and it operates 24 hours a day, five days a week. Traders in the forex market include individual retail traders, financial institutions, corporations, and governments. While it offers opportunities for profit, forex trading also carries risks, and it’s essential for traders to have a good understanding of the market, risk management strategies, and technical analysis.

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