There are negative sides to Forex trading, like the amount of risk you have to take and the fact that the uneducated trader could lose all of their investment. Here, you will find safe trading tips.
Track financial news daily to keep tabs on the currencies you are trading. The speculation that drives prices up and down on the currency exchanges tends to grow out of breaking news developments. Capitalize on major news quickly by getting text or email alerts for markets in which you are interested.
The forex market is more affected by international economic news events than the stock futrues and options markets. It is crucial to do your homework, familiarizing yourself with basic tenants of the trade such as how interest is calculated, current deficit standards, trade balances and sound policy procedures. Trading without understanding the fundamentals can be disastrous.
You are allowed to have two accounts …