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types of Forex trading

Short-term Forex trades versus long-term Forex trades

In the Forex market - also known as the foreign exchange market - traders buy and sell foreign currencies and make money off of the variations in exchange rates. Some traders make short-term trades on a daily basis, while others hold their positions for much longer before making their transaction. Depending on the amount you're willing to risk and the amount of time you have to spend on making trades, you can choose to engage in long-term trading, also called position trading, or short-term trading, often referred to as day trading.

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