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Forex trading, also known as foreign exchange trading, involves the buying and selling of currency pairs to profit from the fluctuations in exchange rates. It is the largest financial market globally, open 24 hours a day, five days a week.

Forex trading involves speculating on the price movements of currency pairs. Traders aim to buy a currency at a low price and sell it at a higher price, or sell a currency at a high price and buy it back at a lower price, profiting from the difference.

Forex trading offers liquidity, allowing traders to enter and exit positions easily. It also provides potential for high leverage, meaning traders can control large positions with a relatively small amount of capital. Additionally, it operates on a global scale, offering diverse trading opportunities.

Forex trading carries risks, including market volatility, leverage risk, geopolitical events, and economic data releases that can impact currency prices. Additionally, traders face the risk of losses if they don't have a solid trading plan or if they over-leverage their positions.

To start Forex trading, individuals can open an account with a reputable forex broker, deposit funds, and then use a trading platform to execute trades. It is important to educate oneself about the forex market, develop a trading strategy, and practice risk management.

Leverage in Forex trading allows traders to control larger positions with a smaller amount of capital. While it can amplify potential profits, it also increases the risk of significant losses. It's important for traders to use leverage cautiously and understand its implications.