Understanding Forex Trading Basics
Forex, or foreign exchange trading, involves buying and selling currency pairs like EUR/USD or GBP/JPY. It's the most liquid market in the world, operating 24 hours a day, five days a week. Traders profit by predicting whether one currency will strengthen or weaken against another.
Leverage in forex can amplify both gains and losses, making it appealing but risky. Successful forex traders rely on technical analysis, economic news, and sound strategies to manage trades. Beginners should practice on demo accounts before trading with real money.
Author: ZYLOSTAR | Category: Education | Date: May 20, 2025 | Views: 51