then buy the other one! We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. There are many reasons why you should seriously consider placing Forex trades online, and if you are new to this environment it can often be something of a confusing forex trading environment at first, as there are many different currencies that can be paired together. Refer to our legal section here. The number of currency pairs which are offered by a forex brokers is one of the key criteria for establishing the reputation of the brokers. Most forex brokers would require you to present a Proof of Identity and a Proof Residency, so they can confirm that you are who you claim to be and that you are legally allowed to trade forex.
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Open AN account, or, give a demo account a test drive. Please refer to the NFA's forex investor alert where appropriate. On the other hand, if youre looking to trade only the majors, there are other things which you should take into consideration. Most forex brokers have a deposit limit. Customer support is an important aspect for every service industry and forex brokers arent excluded. The leverage may vary, it can forex rates weekend be 50:1, 100:1 or even 200:1. The respective financial authorities of every countries provide licences under which forex brokers are allowed to operate and offer their services to citizens of that particular country. Do forex brokers offer other forms of trading? Why Trade Forex Online? Open an Account, not ready?