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How to trade forex as a beginner? Forex, or foreign exchange, can be explained as a network of buyers and sellers where currency is exchanged at an agreed price. It is also referred to as the world’s largest financial market. Or, to put it another way, it is the world’s most liqu...
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Foreign exchange (forex or FX) trading involves buying one currency and selling another while attempting to profit from the trade. According to the latest reliable data, global daily trading in 2022 was $7.5 trillion, making forex the largest financial market in the world, dwarfing even the ...
Start small: Begin with a mini or micro account that lets you trade smaller amounts while learning. Use stop-loss orders: These automatically close trades at preset levels to limit your potential losses. Avoid over-leveraging: While leverage can amplify profits, it also magnifies losses. Most ...