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Showing posts with the label stock

Why The Forex Market Is The Best For New Traders

The best market for beginning traders, in my opinion, is forex. Everyone immediately conjures up the stock exchange when thinking about trading. They are unaware of how expensive it is to actively day trade the stock market . The SEC is mandated to set a high minimum balance for day traders. I'll give you a few examples in this article to illustrate why it's simpler for new traders to trade the Forex market as day traders and other short-term currency traders. There are also some advantages to forex that are inherent. The ability to fund an account with a broker with as little as $5 or as much as $1 million is the first advantage. Any trader, regardless of account size, has the ability to trade thanks to forex. With some Forex brokers, you can use leverage of up to 1:400, which is another benefit of trading forex . Buying with margin is the same as using leverage. This level of leverage is not available through stock brokerage accounts. High leverage is a necessity for all shor