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Forex Trading Basics
Why Forex Is Popular
- Open 24 hours a day, 5 days a week
- Low entry requirements—start with as little as $5
- High liquidity and fast execution
- Access to leverage and global markets
One of the biggest reasons forex trading is so popular is leverage. It lets you control large amounts of money with a small deposit. In simple terms, you can trade $1,000 even if you only have $10 in your account. This means you can make money quickly—but it also means you can lose money just as fast.
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Key Risks to Understand
- Spreads: the cost of entering a trade
- Leverage: magnifies gains and losses
- Margin calls: triggered when your account balance drops
- Regulation: varies by region and broker
Not all brokers are trustworthy. Always check if your broker is licensed and regulated before you deposit money. A good broker protects your funds and gives you fair trading conditions.
You need a broker to trade forex. They provide the platform and access to the market, so choosing the right one is a key first step.
Institutional traders follow strict trading rules for a reason, while retail traders typically do not. Therefore, you need the discipline to set your own rules. We can help you with that—get in touch to learn more.
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