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Forex Trading - What are the basics? |
What are the basics in Forex Trading? The thing I don't like about forex trading is that the previous times when I knew there was an opportunity to make money, it was impossible to obtain the currency I needed. There was the devaluation of the Argentinian currency that happened a while back. They had been keeping the currency pegged to the US dollar and there was an enormous amount of speculation that it was going to be devalued (allowed to float), yet I couldn't find anywhere to sell this currency since it never moved more than a few PIP up and down within a day. Then there was the Chinese currency. Everyone knew they were keeping the currency undervalued and that it would increase in value upon floating, yet again I could not find anywhere to buy this currency in exchange for USD. I contacted a bank and they had some ridiculous spread (something like 15%-20%), yet again it was impossible to capitalize on something I knew was going to happen. Both of these situations were extremely frustrating. Let me tell you, a $2500 investment in either one of these situations would have made you tens of thousands of dollars. The Argentinian currency went from 1:1 USD to 3:1 USD in a matter of 2 weeks. Now that's a devaluation. Easy-Forex Trading Be carefull! A: do not give your money away |
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