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Ultimate BusinessA to Z Bundle
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Frequently Asked Questions
Just about anything. If you can trade it on a candlestick chart, we trade it at Slick Pips. We can teach you to trade currencies, commodities, stocks, indices, and more
A forex trading account is something like a bank account where you can purchase currencies and hold them. Currencies are specifically purchased in pairs. If you buy the EUR/USD, you are holding for the US Dollar to become worth less per Euro over time. The Euro must become worth more money in dollars, for you to make a profit. A forex brokerage/broker offers you a way to get into the mix with the banking network and purchase a currency pair to hold in an easy manner. Before there were forex brokers, people wishing to trade in foreign currency needed to have a large amount of money and a special relationship with a bank to buy foreign currencies.
Yes!!! Do not risk more than you are willing to lose. That means do not trade with :
Your deed to your home or vehicle
Your car note
That being said, trading is not like playing slots or roulette. With a working strategy and proper money management, the sky is the limit.
No! As a matter of fact we recommend starting with very little of your own money and compounding your initial investment.
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Forex stands for “foreign exchange.” When you open a forex trading account, you can purchase and hold currency pairs in an online account, sort of like a bank account. By making strategic trades, you can profit off of the changes in the values of currencies relative to one another. Before there were online forex brokers, people wishing to trade in foreign currency needed to have a large amount of money and a special relationship with a bank. But now, anyone can do it!