Forex (foreign exchange) is the market where currencies are traded. It is the largest financial market in the world, with an average daily trading volume of over $5 trillion. Forex traders buy and sell currencies with the goal of making a profit from changes in currency exchange rates. Trading in the forex market is open 24 hours a day, five days a week, and is accessible to anyone with internet access and a trading account. Forex trading can be risky and requires knowledge, experience, and discipline. There are many strategies and techniques used by forex traders to analyze the market and make trading decisions. These include technical analysis, fundamental analysis, and trading psychology. The most commonly traded currencies in the forex market are the US dollar, euro, Japanese yen, British pound, and Swiss franc.
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