what is trading?
Currency trading, also known as foreign exchange or Forex trading, is the act of buying and selling different currencies in the foreign exchange market. The goal is to make a profit by exchanging one currency for another at a higher price or to buy a currency cheaply and sell it at a higher price. Currency trading is performed through online platforms, brokerages or banks and can be done on a 24-hour basis due to the global nature of currency markets. Currency prices are influenced by a number of factors including macroeconomic news, geopolitical events, central bank policy and market sentiment. Traders use a variety of tools and strategies, including technical analysis and fundamental analysis, to make informed trading decisions. Currency trading is a high-risk, high-reward market with large potential gains but also large potential losses. It is important for traders to understand the risks involved and to properly manage their risk through proper risk management techniques such...
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