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Excellent comment from Graham could not agree more. It takes a lot of time to learn to trade but with Nial you have an edge that will make it a lot easier and shorten the learning curve.
FOREXTrader PRO Trading Tools & Market Analysis
Margin is the minimum amount that the trader must deposit with the broker to avail leverage. Both margin and leverage are a part of the same phenomenon which enables the traders to receive a loan from their brokers.
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Each bank has its sets of pros and cons but most have excellent customer support services through their call centers and network of branches.
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These demo accounts can also act as great training tools to help you learn various trade practices and test out your strategies without risking real money.
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Thanks Nial for the link to your trading journal which I have now set up for all my future trades. I 8767 m very grateful for all your articles and great advice that all helps to keep me on the right track. Cheers!
Due to its decentralized nature and different trading platforms offered by different brokers, it is necessary to get familiar with the features of every trading software before loading real money to an account. Every major forex brokers allows potential traders to use a free demo version of their software which grants the use of virtual pseudo currency for testing and demo purposes.
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In the quick running world of today you certainly don’t want to end up at the end of any race and hence you will require a good guidance and insight in the best proven brokers in the recent past and over the years. While each broker has certain advantages there are a good deal of hidden aspects to look out for also. Sometimes extra fee and other times inefficiency in placing orders can cause you to lose money rapidly and it is of no use to constantly keep lingering on to such brokers just to get the money you had once lost.
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Enjoy fast and convenient trading directly from the charts, and unlimited ability to create and save customised charts that can be applied to any forex or CFD product. FOREXTrader PRO charts are fully integrated with our award-winning FOREXTrader PRO trading platform.