Maya replies: Foreign exchange and commodities are probably the most risky sectors to trade simply because they are driven more by sentiment than fundamentals. Global Trader, World Spread Trader and Standard FX Trader are three South African based companies with global ties that allow you to trade currencies and you only pay a fee when you trade. It is important to understand the kind of trader you are so that you can develop a trading plan to decide how trading is going to fit into your life.

Swap rates for individual currency pairs and metal contracts can be viewed by referring to your MT4 Terminal - right click on Market Watch, left click on Symbols, then choose a currency pair, CFD or precious metal of your choice, followed by Properties.

Many brokers will offer potential leverage that is as high as 400:1 or 500:1, and this is something that can turn even the smallest trading accounts into massive market positions. Because the movements on the currency market, traders need a way to magnify the size of trades.

The object of forex trading is to exchange one currency for another in the expectation that the price will change. A trader, as a general rule, does not want to initiate a trade in this area as it is prone to giving false signals and whipsaw - like price action.

It is legal to trade with Indian Brokers providing access to Indian Exchanges(NSE,BSE,MCX-SX) providing access to Currency Derivatives. That's how money is made or lost on the FOREX market. What most people don't realize is that there is a foreign exchange market - or 'Forex' for short - where you can potentially profit from the movement of these currencies.

This is the price that a pair trades at market right now. If you do this, and don't risk more than 1% of your account on each trade, you can make about $10 per day to begin with, which over the course of a year will bring your account up to a few thousand dollars.

For instance, if the trader resides in India and wants to trade Rupee with Dollar, the base currency would be Indian National Rupee (INR) and quote currency would be Dollar. Nial Fuller is a Professional Trader & Author who is considered ‘The Authority' on Price Action Trading.

Typically, not a terrific spot to trade in. Having said that however, every once and awhile you can sometimes get a trade from the Inflection Point to either the U.V.R. or the L.V.R. depending on the trend, and of course depending on the stop size, or risk.

The price of some highly volatile Forex pairs moves so fast that you can open a trade, and close it with how to trade forex within few minutes with a significant amount of profit by using substantial leverage. Margin or leverage: You only need to hold a small proportion of the amount required to open a forex trade.

Forex trading software is an online trading platform provided to each XM client, which allows them to view, analyze and trade currencies, or other asset classes. This means that with a very little money, you can make big trades, by only putting up a deposit to protect against the loss.

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