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<p>Becoming a successful Forex (foreign exchange) trader requires a combination of knowledge, skills, and disciplined practices. Forex Market Structure: Learn how the Forex market operates, including how currencies are traded in pairs (e.g., EUR/USD, GBP/JPY) and how prices are quoted. Major Players: Understand the roles of various market participants, including central banks, commercial banks, hedge funds, and retail traders. Trading Strategy: Create a well-defined trading strategy based on technical analysis, fundamental analysis, or a combination of both. Goals and Risk Management: Set clear trading goals and determine your risk tolerance. Define how much you are willing to risk per trade. …</p>
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