the m platform suite, accessible from all browsers and operating systems. A short position means that you want to buy" currency and sell base currency. Don't rely on it for income until you know what you're doing. Latest insights, professional trading platforms, trade with maximum control on our advanced forex trading platforms optimized for currency traders. You may lose more than you invest (except for oanda Europe Ltd customers who have negative balance protection). Forex market trading hours generally close at the end of the New York trading session on Friday afternoon and resume with the opening of the Asian session early Sunday afternoon, Eastern time. If your position is still open, your losses will only count if you choose to close the order and take the losses. A long position means that you want to buy the base currency and sell the" currency.
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Discipline to remain calm and unemotional in a realm of constant temptation (the market). You should also check to see how much your bank will charge to wire money into your forex account. Look at a country's trading position. Fewer currency pairs to focus on, instead of getting lost trying to analyze thousands of stocks Freedom to trade anywhere in the world with the only requirements being a laptop and internet connection. This means, the person or institutions that bought or sold the currency has no plan of actually taking delivery of the currency; instead, the transaction was executed with sole intention of speculating on the price movement of that particular currency. The key to money management. Organization to forge and reinforce positive trading habits. The broker will tell you the minimum amount with which you can open an account. Self-control to not over-trade and over-leverage your trading account.