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The GBP/USD currency pair is often referred to as 'cable.' In December 2024, forecasters are looking for it to find a bottom. Trading this pair profitably requires understanding market dynamics and technical analysis. As a beginner, one should learn the basics before trading. The British pound may be stronger than the US dollar due to various factors such as economic indicators, monetary policy decisions, and geopolitical events. Traders should stay informed to make profitable decisions.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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