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Before you start trading, it’s important to get a solid understanding of what forex trading is all about.Learn about Currency Pairs:Forex trading always involves trading two currencies, such as EUR/USD or GBP/JPY.The first currency in the pair is called the base currency, and the second one is the quote currency.Get Familiar with Forex Terminology:Pip: A pip is the smallest price movement in a c..

Foreign exchange (Forex or FX) refers to the global marketplace where currencies are traded. It's one of the largest and most liquid markets in the world, with a daily trading volume of over $6 trillion. Forex trading involves buying one currency while simultaneously selling another, usually in currency pairs such as EUR/USD, GBP/JPY, or USD/JPY.Here’s a breakdown of key concepts:1. Currency Pai..