Group 1 - Understanding the basic concept of foreign exchange trading is essential, which involves the exchange of one country's currency for another, influenced by various economic and political factors [1] - Market analysis is crucial, utilizing both fundamental analysis, which assesses long-term currency value based on macroeconomic factors, and technical analysis, which predicts future price movements using historical price charts and indicators [1] Group 2 - Trading strategies are vital, including trend trading, swing trading, and carry trading strategies, each with distinct approaches to capitalize on market movements [2] - Risk management is key in foreign exchange trading, emphasizing the importance of setting stop-loss and take-profit levels to control potential losses and secure profits [2]