With the rise of online trading platforms and increased accessibility to financial markets, forex trading has become a popular option for beginners looking to venture into the world of trading. The forex market, also known as the foreign exchange or FX market, is where currencies are bought and sold, making it the largest and most liquid financial market globally. For beginners, understanding the basics of forex trading is essential. The forex market operates 24 hours a day, five days a week, allowing individuals to trade currencies at any time the market is open. The main objective of forex trading is to profit from the exchange rate fluctuations between different currency pairs. This means that traders aim to buy a currency at a lower price and sell it at a higher price, or vice versa.
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