points while choosing a forex broker: Look for a forex broker that is regulated See if the forex broker offers a minimum deposit amount What is the leverage that the broker offers What is the minimum contract size that. Leverage is a big topic in itself and it is recommended to read this article to learn more. Start Trading Finally, now that you have selected a forex broker to trade with it is recommended to first open a demo trading or a practice account.
I have started, forex Trading in 2007.
I knew absolutely nothing about.
Trading and I lost 500 in two months (you can read my story here).
I decided to study seriously, I also based my University decision on this, studying Statistics for the Financial Markets.
Many people begin with a loss due to the most common reasons such as being under-experienced, overestimating trends, etc. So, if you believe that the Euro is going to rise, you would BUY the Euro, or sell the Euro if you think the Euro would fall. Read more about Lot reading charts: The ability to understand and read the charts is very essential to trading.
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You trade or speculate against other traders on the direction of a currency. For example a standard lot is nothing but 100,000 units (known as 1 lot). . Forex, or Foreign Exchange is an unregulated market, also known as OTC (Over-the-counter) and is the biggest market with average daily turn-over that runs into billions. It is quite simple to understand this process if you look at it as buying and selling stockings in the market. However, sometimes the opposite happens. It is even bigger than the US stock markets. Rating is available when the video has been rented. Firstly, you wont be able to trade on weekends (Saturday and Sundays). Online trading is now becoming one of the most efficient ways of making money. Learn Forex Basics, step 3: Find a Forex Broker.
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