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What Is Forex Trading? A Beginner Guide for African Traders

Forex trading is the buying and selling of currency pairs to profit from exchange-rate movements. This guide explains how it works and the risks involved.

What Is Forex Trading?\n\nForex trading is the exchange of one currency for another to profit from price movements. It is the largest financial market in the world, with over $7 trillion traded daily.\n\n## How it works\n\nCurrencies are quoted in pairs, like EUR/USD. If you think the euro will strengthen against the dollar, you buy the pair. If you think it will weaken, you sell.\n\n## Risk warning\n\nForex trading carries a high level of risk. You can lose more than your initial deposit. Only trade with money you can afford to lose. This is education only — not financial advice.

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