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Before diving into strategies for making money, it's essential to have a solid understanding of the Forex market. The Forex market, also known as the foreign exchange market, is where currencies are traded. It's the largest and most liquid financial market globally, with an average daily trading volume of over $6 trillion.
Forex trading involves buying and selling currency pairs with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether a currency will strengthen or weaken relative to another currency, and they profit from correctly predicting these movements.
