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Create AccountForex trading is a bit like buying and selling stocks or other things, but here, you're trading one currency for another. The unique thing is, you don't actually get the physical money.
One significant advantage of Forex is the ability to trade relatively small amounts, even as low as 1000 units (one micro lot or 0.01 lot). Another distinction is the use of leverage, sometimes as high as 1:1000. This sets Forex apart from stock trading, where no leverage is typically involved.
The foreign exchange market is open 24 hours a day, five days a week. It's the biggest market globally, trading over $4 trillion daily—more than any other market.
In forex trading, you deal with pairs of currencies. For example, you might predict that the Euro will go up or down compared to the US Dollar (EUR/USD). It's a simple way to trade and take advantage of market movements.
