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For educational institutions as well as trading academies the historical data on forex plays a pivotal role in teaching aspiring traders. With access to a wealth of historical data and information, teachers are able to provide concrete insight into the mechanics of market and the development of trading strategies. Students can learn to recognize historical patterns, understand the significance of key economic developments, and comprehend the technicalities of forex trading. These hands-on experiences are invaluable to prepare the next generation of traders to operate in the foreign exchange market with ease.