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The
foreign exchange market, is the largest financial market
in the world with
a daily turnover of over $3 trillion which gives it unparallel liquidity.
It is open for trade 24 hours a day, and best of all, there’s
no such thing as a falling
forex market.
When you trade forex you trade one currency against another, so
your profit is always
relative.
And since the forex market revolves pretty much
around 8 currencies, it’s much
easier to get a clear picture of the market at any given time. |
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How
to get started?
All you need is an internet connection,
the right broker and the right forex platform.
When looking for a broker look for: |
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Low margin requirements |
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Wide leverage options |
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No commissions |
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Low spreads |
When looking
at a forex platform look for: |
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Usability |
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Unlimited practice mode |
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A good range of forex tools |
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Educational features
that can help you learn such as forex guides, forex tutorials,
forums and visual trade representations |
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Useful trading features. Forex
offers many features that can be used to minimize risk
and maximizeprofit.
One of these features is leverage.
When you’re sure of your trade, using higher leverage can
increase you profit, but be careful
because it also increases risk.
To minimize risk, use trading orders such as Stop Loss and Take
Profit.
With these orders you can limit the amount that you’re willing
to lose on a trade, and realize
your profit when the trade reaches the specified rate. |
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Our recommendation.
After a wide survey of the available
forex platforms online we
are happy to recommend you the eToro platform because of it answers
all of the criteria
listed earlier, has an innovative visual interface,a range of educational
tools and a first
deposit of only $50.
eToro also offers the Top Traders’ Insight tool which allows
you to copy the trades of
eToro’s top 100 profiting traders. |
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Click
here for your opportunity to start
learning forex trading. |
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