Operating 24 hours a day for five days a week, the foreign exchange market is the most extensive and most fluid market globally, with a daily volume exceeding $5 trillion, surpassing any exchange-based market.
Foreign exchange trading involves speculating on the movement of one currency against another currency in a currency pair. This means predicting whether one currency will appreciate or depreciate in value relative to the other currency.
Currencies are always traded in pairs, such as the Euro against the US Dollar (EUR/USD).
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