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This involves looking at economic factors that influence currency values. Think things like interest rates, economic growth, inflation, and employment data. These factors can signal potential currency movements.

This uses charts and historical price data to identify patterns and predict future price movements. Traders use tools like trend lines, indicators, and chart patterns to make decisions.

This is super important! It involves setting stop-loss orders to limit potential losses, determining position sizes based on your risk tolerance, and diversifying your trades.

This is about managing your emotions. Fear and greed can lead to bad decisions. Successful traders stay disciplined and stick to their trading plan.

These are real-time trading experiences where you can apply your knowledge, observe market movements, and hopefully make some profitable trades. It's where you put everything into practice.