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Understanding Forex Market Trends
The Forex market is the largest and most liquid financial market in the world, with a daily trading volume of over $6 trillion.
It is a decentralized market where individuals, businesses, and institutions trade currencies.
The Forex market is known for its volatility, and understanding market trends is crucial for traders to make informed decisions.
Types of Forex Market Trends
There are three main types of Forex market trends:
1. Upward Trend: An upward trend is characterized by a series of higher highs and higher lows. It indicates a strong demand for a currency, and prices are likely to continue rising.
2. Downward Trend: A downward trend is characterized by a series of lower highs and lower lows. It indicates a strong supply of a currency, and prices are likely to continue falling.
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