day traders are exiting positions in Asia, whilst day traders are entering into positions in Europe. If you make money you are required to include it on your tax declaration just as you do with profits from other investments. Should you want to trade, you need to be ready to lose all the money you deposit, because it does happen to 95 of traders, and a risk management strategy must be used. Forex is a twenty four hour market.
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To get started with trading, make sure that you are aware you could lose you money. . When there are more active traders, there will be more liquidity in the market. This twenty four hour market is made up of three main trading sessions: the European, American and Asian session. At that time, only New York is open and although the trading volume is still higher than during the Asian session, the volume is likely to decrease with the exit of the European traders. The Forex market is extremely volatile and impossible to predict. . This means that forex traders in United States would have to open forex trading accounts outside of USA to have access to much higher leverage that whats offered in United states and I wouldt be surprised if there are thousands of forex traders from America. This trading styles does rely on any technical analysis and instead takes advantage of the long-term currency trends. . Trading when the London session is open is a good start to ensure that you are trading in a highly liquid market.
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