Forex Trading Forex trading, short for foreign exchange trading, is a complex yet dynamic arena where currencies are bought and sold. It serves as the decentralized global market, influencing and being influenced by the pulse of the world economy. How to Begin Understanding Currency Pairs Currency pairs signify the exchange rate between two currencies. A grasp of major, minor, and exotic pairs is fundamental for successful trading. The major pairs matches in forex exchange are: EUR/USD (Euro/US dollar) USD/JPY (US dollar/Japanese yen) GBP/USD (English pound/US dollar) USD/CHF (US dollar/Swiss franc) AUD/USD (Australian dollar/US dollar) USD/CAD (US dollar/Canadian dollar) NZD/USD (New Zealand dollar/US dollar) The minor pairs matches in forex exchange are: EUR/GBP (Euro/English pound) EUR/JPY (Euro/Japanese yen) GBP/JPY (English pound/Japanese yen) AUD/CAD (Australian dollar/Canadian dollar) AUD/NZD (Australian dollar/New Zealand dollar) CAD/JPY (Canadian dollar/Jap...
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