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Forex trading, short for foreign exchange trading, involves buying and selling currencies based on changes in their exchange rates. It is a global financial market influenced by international trade, interest rates, economic data, central-bank policies, and worldwide market activity.
For beginners in India, understanding how currency trading works is an important first step before selecting a trading platform. It is also useful to understand currency pairs, trading costs, available tools, and the different features offered by modern trading platforms.
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