Re: Forex for a Beginner
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Trade small (like 3-1 leverage instead of the 50-1 or whatever is available) and don't trade too often or you will get screwed. Also be very selective about entering trades; it is often better to do nothing than it is to trade. Think of it like waiting for a premium hand in a low-ante game.
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Thanks for the info. This is along the same lines as what I was thinking. I don't want margin calls, I'll be leveraged much lower than the 50:1 or whatever they advertise.
Your second point brings up a question I have - When you make the trade (buy the currency pair) is there any sort of time limit on how long you can hold it? Or fees involved in holding?
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