Forex trading, short for foreign exchange trading, is one of the very most dynamic and potentially rewarding financial markets in the world. It involves the exchange of one... moreForex trading, short for foreign exchange trading, is one of the very most dynamic and potentially rewarding financial markets in the world. It involves the exchange of one currency for another, and its decentralized nature means it operates 24 hours each day, five days a week. This flexibility and liquidity make it a favorite choice for traders worldwide. In this article, we shall delve into the entire world of forex trading, exploring its basics, strategies, risks, and benefits.Understanding Forex TradingCurrency Pairs: Forex trading is about currency pairs. A currency pair represents the exchange rate between two currencies. Like, EUR/USD represents the Euro (EUR) contrary to the US Dollar (USD). Traders buy one currency while simultaneously selling another. The goal is always to profit from the price movements between both currencies.Market Participants: The forex market consists of various participants, including retail traders, institutional traders, central banks, and corporations. Retail... less