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CrazyCzarina

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Posts posted by CrazyCzarina


  1. Foreign exchange (forex, FX for short) is a market for trading all currencies in the world and is the largest financial market in the world. There are many benefits to trading Forex, including convenient market times, high liquidity and the ability to trade on margin.


  2. Competition among online brokers is fierce, which means costs are falling and services are increasing. However, with so much demand for online brokers, we are seeing more and more new companies entering the space, looking to capitalize on the surge in retail investors. This can make it especially difficult for investors to find a broker that is right for them.


  3. If you can, day trade USD/JPY between 12:00 and 15:00 GMT. London and New York are open most of the time during this period. Even if Tokyo doesn't open, the three-hour window usually presents the biggest price action of the day.


  4. When it comes to its web platform, Forex.com may suit a beginner's needs: user-friendly. Good customizability (for diagrams, workspaces). Various order types. Overall, this platform is probably the best option for beginners.


  5. Volatility is a measure of how much a market price changes. Liquid markets such as foreign exchange tend to move in smaller increments because their high liquidity leads to lower volatility. More traders trading at the same time usually results in small price swings up and down.


  6. Forex trading can be complex and may not be suitable for everyone. Whether forex is good for you will depend on your financial condition, goals, and how much investing experience you already have as a beginner. 


  7. In the forex market, a trader can hold a position for as long as a few minutes to a few years. Buy-and-hold strategies in forex trading offer long-term profit potential, as well as additional profit if the trade features a positive overnight interest rate trading.

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