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I'm newUnderstanding the basics of Forex and how it differs from other financial markets. Key terminology: pips, lots, leverage, and margin. Market Mechanics: How currency pairs work. The role of major and minor currency pairs. The importance of the bid-ask spread. The Forex Market Structure: Overview of the global Forex market. The role of brokers and trading platforms. Key trading sessions: Tokyo, London, and New York. Basic Trading Strategies: Introduction to technical and fundamental analysis. Common chart patterns and indicators. Risk management and trading psychology.
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