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Have you heard of "forward cover" in currency trading?
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[QUOTE="Jasz, post: 280333, member: 61772"] [SIZE=15px][FONT=Verdana]Forward cover is a method used by traders to protect themselves against loss. It's like insurance for your money, and it's one of the most important tools in your arsenal. If you're using a forward cover, then you are essentially locking in the price at which you want to sell the currency before it reaches your limit. So if your limit is $100 and the price of that currency rises to $101, then when it finally hits $101, you can sell it immediately and make a profit. But what if the price of that currency doesn't reach $100? Then all those profits are gone forever! That's where forward cover comes in. It locks in the price at which you want to sell so that even if something unexpected happens—like an economic crisis—you don't lose everything. It's an interesting idea, but it's also not a totally new concept. It's been used for years as a way to hedge against risk and protect your portfolio from market volatility.[/FONT][/SIZE] [/QUOTE]
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Have you heard of "forward cover" in currency trading?
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