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  • Saturday, 19 June 2021

    Forex Trading as a career, what things to avoid?

    Forex seems to be one of the most complicating careers in the world, but going back to reality one will agree that Forex Trading has created a number of multimillionaires who have made some serious money in Trading the markets.




    The industry is one of the most profitable in the world with a daily turnover of over $5 trillion per day which means there is a lot of potential in the market as money is made. Trading was once only restricted to a few in the past as it was extremely expensive to such that it cost a beginner a minimum of $100 000 to be able to trade the financial markets. at this time it was very easy to trade the markets as it was institutions and private equity firms that had excess to the markets.

    With such being restrictions, it was impossible for a normal trader to access the market and that changed as technology developed. Brokerage firms got involved in the markets giving normal traders access to trade the market with balances as low as $100 and some brokerage firms allow deposits of minimum $5.

    with the influx of new beginner traders, the markets changed and more volatility took place making the markets to be a bit complicated for a person who is not much educated about the financial markets.






      

    Sifiso Nkwanyana

    Author & Editor

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