LOT! Top 6 Questions About Currency Trading. Gradually, the banks themselves set up proprietary desks to trade for their own accounts, which was followed by large multinational corporations, hedge funds and high net worth individuals. Maximum stop-loss distance from market price. Can you afford it? This is true for those investors outside the.S.
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In today's high-volume market, with between 2 trillion and 3 trillion being traded per day, even the central banks cannot move the market for any length of time without the full coordination and cooperation of other central banks. It should include: Amount, you want accounting for forex trading to invest, currency pairs you want to trade. You have to put in the effort and be willing to learn like you take on your first job. You should keep your targets. More about markets, more about expected events, more about themselves, more about the psychology of other traders, more about their past mistakes and successes. Remember, this is a life long skill and career path that requires practice much like a surgeon requiring 10 years of training before going live. You probably will blow up a few demo accounts but thats alright because you dont lose anything since its all virtual money.