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What is Forex Trading Basics for Beginners about?

The foreign exchange (forex) market allows for the trading of global currencies. Historically only large institutions participated, but now average investors can trade online. Daily currency movements are small, around 1% or less, so leverage is used to increase potential returns. Leverage in retail forex can be as high as 200:1. The largest currencies traded are the US dollar, euro, British pound, Japanese yen, and Swiss franc. Currency pairs show the exchange rate between two currencies, such as USD/JPY.

Author

mohamad hifzhan

Language

EN