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Forex
Quick and Useful Tips on Forex Trading
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[QUOTE="Holicent, post: 269082, member: 76163"] [FONT=Verdana]1. Investing in forex is as simple as buying one currency and selling another. But, in order to make money, you have to be prepared for fluctuations in the market. 2. The best time to trade is when there's a lot of volatility, but not too much. 3. You'll want to look for news that will affect one or more of your currency pairs before you place your trade. 4. Many new traders lose money because they don't know how much money they're actually risking on each trade (known as "stops"). 5. The key to successful trading is discipline — knowing when to buy and sell with the goal of making money without losing money makes all the difference in the world. You can trade forex with a broker or on your own. The best way to learn is to try, but there are some things that you should know to make your trading easier. Start small and then increase the size of your position as you become more comfortable with trading. It's important to remember that forex trading involves risk, so before you start trading, make sure you understand the risks involved in forex trading and how they compare to other types of investing.[/FONT] [/QUOTE]
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