Become a Successful Currency Trader - How to Learn Successful FX Trading Risk Free!

[Selvaraj]

Since 1996, lots of hedge funds began trading on Auto Chat Profits Review forex as a means of expanding their investment portfolio and hedging some of their risks through currency pairings. In 2010 around 70-90% of forex turnover stems from positional trades through either currency swaps or futures/options contracts which allow traders to sell at a pre-agreed price on a future date. In terms of measuring its growth, in 1998 the Federal Reserve stated that Fx turnover in the US market was around £350 bullion per day, this figure is 60 times the turnover from 1977.

One of the root causes for growth in forex markets has been advancements in technology. There are a wide array of fx platforms on the internet which allow individuals and business institutions to place trades and monitor the markets. News publications and media attention such as Reuters, FT.com/markets, Yahoo Finance and Bloomberg have helped promote the popularity of the foreign exchange markets and provide up to date figures, fundamentals and technical data to engage in.

In terms of making a profit, lots of money managers, hedge funds and retail investors have turned to the forex markets away from traditional markets such as bonds, interest rates and financial indices like the DowJones. The advantages of forex trading is not only that it is entirely unique in operating 24/7 throughout the week, but the margins and leverage that forex brokers provides are massive compared to more conventional methods of investments. Most fx platforms will be able to offer margins of 100:1, which means that with just a $100 deposit you can take up transactions with a net value of $10,000. The rest of the money is borrowed, geared or "leveraged" from the broker, as such there are high risks involved in trading on forex however if you are successful in the trades that you make than you can make far more with less starting capital than spread betting on forex for example.

There are any number of stories around about how people have made a fortune trading in foreign exchange markets. Maybe you have thought about joining them. Perhaps you've already dipped a toe into the foreign exchange pool, but have caught a cold and lost money. Or perhaps you would just like to know a little bit more about the Forex phenomenon. Whatever the reason, this article will help you gain a better understanding of this overhyped trading activity.

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