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RE: Forex Trading - Basic Concepts
Forex trading, also known as currency trading, involves buying and selling different currencies simultaneously. Major currencies like EUR, USD, GBP, JPY, CAD, AUD, and CHF are traded in pairs on the Forex market. The value of one pip, the smallest currency rate change, varies based on the currency pair and account currency. Traders can benefit from trading platforms and Forex software to automate and analyze multiple currency rates.