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How Does the Forex Market Work? (Beginner’s Guide)

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  How Does the Forex Market Work? (Beginner’s Guide)  Learn how the forex market works, who trades it, and why it’s the world’s largest fin The foreign exchange market (Forex or FX) is the world’s largest financial market, with over $7 trillion traded daily. Unlike the stock market , forex focuses on trading currencies buying one currency while selling another. Every time you travel abroad, shop online in another currency, or when companies import goods, the forex market plays a role. Understanding Currency Pairs In forex, currencies are always traded in pairs. Examples: EUR/USD → Euro vs. US Dollar GBP/JPY → British Pound vs. Japanese Yen When you buy EUR/USD, you’re buying euros while selling dollars. Why Is the Forex Market Open 24 Hours? The forex market operates 24 hours a day, 5 days a week because it follows global trading sessions: Sydney Tokyo London New York This allows traders from anywhere in the world to participate at any time. Who Trades in the Forex Marke...
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What is Forex Trading and How Does It Work

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What is Forex Trading and How Does It Work ‎Forex trading, also called foreign exchange trading, is the process of buying one currency while selling another at the same time. Traders profit by predicting whether one currency will rise or fall against another. ‎ ‎Example: ‎ ‎Buy EUR/USD if you believe the Euro will strengthen against the Dollar. ‎ ‎Sell EUR/USD if you expect the Euro to weaken. ‎ ‎ ‎Forex is the world’s largest market, with $7+ trillion traded daily, making it bigger than stocks and crypto combined. ‎ ‎ ‎ Why Do People Trade Forex? ‎ ‎1. 24/5 availability – You can trade anytime, Monday to Friday. ‎ ‎ ‎2. Largest market – High liquidity means quick buying and selling. ‎ ‎ ‎3. Leverage opportunities – Control big trades with small capital. ‎ ‎ ‎4. Low barriers to entry – Start with as little as $10–$100. ‎ ‎ ‎5. Global access – Anyone with internet can trade. ‎ ‎ How Does Forex Trading Work? ‎ ‎1. Currency Pairs ‎ ‎Currencies are traded i...
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