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Currency Pairs, Bid and Ask Prices in Forex Trading

Currency pairs in forex represent the comparison of two different currencies, and they form the foundation of trading in the foreign exchange market. Each currency pair consists of a base currency and a quote currency.

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In the vast landscape of trading, various strategies cater to the diverse preferences and approaches of traders. Two prominent methodologies are technical analysis, where charts guide the identification of market trends and patterns, and fundamental analysis.

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