Forex Trading for beginners
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491_9781801449939
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Do you dream of making it big in the financial world?Lately, have you been getting messages that you can get rich in forex without investing much?Did you know that brokers can give as much as 500 times leverage in forex in some countries?If you have been getting such questions in your mind and you are getting pushed to open a low capital forex account, this book is a must-read for you. None of the claims mentioned in the questions above are incorrect, but they may not stand true in most of the cases and you can fall in a bottomless pit.This is correct that you can get rich trading forex, but you can get rich trading bananas for that matter. There is no get rich quick remedy in this world. The best way to get rich is the good old way of working your way up step-by-step.It is absolutely correct that there are some countries in which brokers can give up to 500 times leverage to traders. However, it is not correct for the US as here the capping is of 50 times. Even a 50 times leverage is a trap you wouldnt like to fall in. This book will prove to be a great help in avoiding this trap.Brokerages and commissions are not charged as a separate fee in forex. However, that doesnt mean that you can simply buy currency at a price and sell it as soon as it rises just a little. There will be a spread that youll need to cover before you can start making any profit. It is a trap in which many beginners fall when they begin trading and end up losing a lot of money. Most people keep blaming the broker for cheating while they fail to understand the mechanics of the spread. This book will help you in understanding it clearly.It is a fact that there are several strategies in forex that can help you in earning profit by making trades with thin margins. However, you will need a solid trading strategy to do that. This book can help you in understanding the scalping strategy and how you can earn money through it.In this Book, You will find:Forex iTerminology Benefits iof iForex iTradingT
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