this learning curve to be measured in years, says Brown, who recommends reading Trading in the Zone by Mark broker binary option kaskus Douglas and Reminiscences of a Stock Operator by Edwin Lefevre. In this scenario, the gearing was 10 times the amount, but the higher the gearing, the easier it is to lose money. For example, if you used 100 times gearing so that your R10 000 bought you exposure of R1 million, and the rand strengthened to R13, you would lose R37 000 three times the amount of your investment. For someone to pretend they have developed a system that consistently produces profit is impossible. This is the type of headline that has given forex trading its mythical status as an opportunity to get rich. There are many companies that claim to be able to guarantee returns from forex trading. Real Time Data, no third party bridges, no auto syncs. You only physically invested R10 000, so that equates to a 37 return. He explains that, if you take a position that the dollar will strengthen against the rand and you are paying a 10 interest rate, the rand must depreciate by more than 10 to make a profit.
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Foreign exchange as an asset class is important because it is the most liquid and largest market, and is how money is transferred around the world. He says that, like any skill, it takes time to learn the techniques and strategies. He says that the marketing of forex trading as a way best book on binary options trading to get rich quickly is misleading. Any real trader will tell you that spending a weekend learning the secrets of trading will not make you a trader, only experience will. You need to invest a few years and education.