Forex 101: Understanding the Basics of Foreign Exchange Trading

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Are you looking to dip your toes into the world of Forex trading but not sure where to start? Let's break it down for you. Forex, short for foreign exchange, is the global marketplace where currencies are traded. The aim is to buy one currency and sell another at a profit. The most commonly traded currencies are the US Dollar, Euro, Japanese Yen, and British Pound. Factors such as geopolitical events, economic data, and market sentiment can impact currency prices. With a little research and practice, you can navigate the exciting world of Forex trading.

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