pros and cons of trading forex
DESCRIPTION
http://www.netpicks.com/forex-trading-systems/forex-trading-pros-and-cons/ The first decision a new trader has to make is which market to trade. Stocks, futures, mutual funds, options, exchange traded funds are all good candidates but unfortunately require trading accounts that are too large, at least initially, for many beginning traders.TRANSCRIPT
Over
6300
Choices!
Financials?
Agriculture? Metals?
Brokers will have
different initial deposits.
EUR/USD EXAMPLE
$100000 Contract
=
$2000 Margin
Micro = $.10/pip
Mini = $1.00/pip
Standard = $10.00/pip assuming a USD cross
24 Hour Access
Spreads can be higher than
commissions in Futures
Margin calls occur when your
account value depresses to a
value calculated by the broker's
particular formula. …investopedia.com
Stay Out Of Dead Zones
You Are Swimming
With The Big Sharks!
• Determination
• Professionalism
• Understanding Risk
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