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Forex

Forex, or foreign exchange, involves the global market for trading currencies. Participants buy and sell currencies with the aim of profiting from fluctuations in exchange rates. It's the largest financial market globally, facilitating international trade and investment.

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Frequently asked questions

What is Forex?

Forex, or the foreign exchange market, is the global marketplace for buying and selling currencies. It is the largest and most liquid financial market in the world where currencies are traded 24 hours a day, five days a week. Participants include governments, financial institutions, corporations, and individual traders.
Key Participants in the Forex Market: Who is Involved?

Participants in the forex market include central banks, commercial banks, hedge funds, multinational corporations, and retail traders. Central banks play a crucial role in influencing currency values through monetary policies, while traders engage in currency trading for speculation or hedging purposes.
Currency Pairs in Forex Trading: How are They Categorized?

Currency pairs are categorized into majors, minors, and exotic pairs. Major pairs include the most widely traded currencies, such as the US Dollar (USD), Euro (EUR), and Japanese Yen (JPY). Minors involve currencies from smaller economies, and exotics involve one major currency and one from a smaller or emerging economy.
Leverage and Margin in Forex Trading: What are They?

Leverage allows traders to control a larger position size with a smaller amount of capital. Margin is the amount of money required to open and maintain a leveraged position. While leverage can amplify profits, it also increases the risk of significant losses, making risk management crucial in forex trading.
Technical and Fundamental Analysis in Forex: How are They Used?

Traders use technical analysis by analyzing price charts, patterns, and indicators to make trading decisions. Fundamental analysis involves evaluating economic indicators, interest rates, geopolitical events, and other factors that influence currency values. A combination of both approaches is often used for comprehensive market analysis.