Forex trading, or foreign exchange trading, involves buying and selling currency pairs to profit from price fluctuations. Beginners should start by understanding key concepts like currency pairs, pips, leverage, and market trends. It’s essential to choose a reliable broker, practice with a demo account, and develop a trading strategy before investing real money. Risk management, such as setting stop-loss orders and avoiding over-leveraging, is crucial to minimize losses. Staying updated with global economic news and using technical analysis can also improve trading decisions. Patience and discipline are key to long-term success in forex trading.
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