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A Comprehensive Guide to Forex Trading Introduction Forex trading, also known as foreign exchange trading, involves the buying and selling of currencies in a global decentralized market. With a daily trading volume exceeding $7.6 trillion, the Forex market is the largest and most liquid financial market in the world. This guide aims to provide a thorough understanding of Forex trading, covering its basics, key concepts, strategies, and tips for beginners. What is Forex Trading? Forex trading is the act of exchanging one currency for another, typically in currency pairs like EUR/USD (Euro/US Dollar) or GBP/JPY (British Pound/Japanese Yen). Traders aim to profit from fluctuations in exchange rates between these currencies. Key Participants in the Forex Market Central Banks : Influence currency prices through monetary policies and interventions. Commercial Banks : Facilitate large transactions for clients and engage in proprietary trading. Corporations : Conduct fore...