The Basics of Forex Trading

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• The foreign exchange (also known as forex or FX) market is a global marketplace for exchanging national currencies.
• Because of the worldwide reach of trade, commerce, and finance, forex markets tend to be the largest and most liquid asset markets in the world.
• Currencies trade against each other as exchange rate pairs. For example, EUR/USD is a currency pair for trading the euro against the U.S. dollar.