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ewheat
Joined: 15 Nov 2012
Posts: 10
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 Posted: Sat Nov 17, 2012 2:25 pm Post subject: FOREX |
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The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.
Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.
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dianneazuma54
Joined: 22 Nov 2012
Posts: 10
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| Posted: Thu Nov 22, 2012 7:59 am Post subject: |
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How to get forex trade information to start forex business in New york?
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babynancy543
Joined: 07 Dec 2012
Posts: 10
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| Posted: Sat Dec 08, 2012 4:03 am Post subject: |
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I recommend reading everything you can at your local bookstore about stock trading and Forex trading. That will give you a good introduction. But you'll still need to develop your own personal trading strategy, and that takes years of study and experience.
You can trade Forex with as little as $1,000, but that has to be $1,000 that you can afford to lose, because most people do lose money in the beginning.
Most all Forex brokers offer free demo accounts, and you should have 3-4 months of demo profits before you risk real money. Even then, be careful when switching to real money that you don't risk too much.
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