One of the distinctive features of Forex trading is the availability of leverage. Leverage allows traders to control a larger position size with a relatively small amount of capital. While it magnifies potential profits, it also amplifies the risks. Traders should approach leverage cautiously and be aware of its implications.

The Forex market operates 24 hours a day due to the global nature of currency trading. The market is divided into four major trading sessions – Sydney, Tokyo, London, and New York – each with its unique characteristics. Traders can capitalize on different market conditions depending on the session they choose to trade.

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