Elizabeth Harvey

Forex, short for foreign exchange, is the decentralized global market where currencies are traded. It is the largest and most liquid financial market, with trillions of dollars traded daily. Whether you're a beginner exploring investment opportunities or a seasoned trader looking to expand your portfolio, understanding the basics of forex is essential. In this guide, we will delve into the fundamental concepts of forex trading and equip you with the knowledge to navigate this dynamic market. What is Forex? The foreign exchange market, or forex, is where currencies from around the world are bought and sold. Unlike traditional stock exchanges, forex operates 24 hours a day, five days a week, across different financial centers worldwide. It allows participants to trade currencies and profit from fluctuations in exchange rates. Currency Pairs Major Currency Pairs In forex trading, I quote currencies in pairs, representing the exchange rate between the two currencies. I know the most a

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