While there is no "holy grail" for profitable forex trading, establishing good habits in regards to risk vs reward, leverage and timing is a great way to enhance your performance. The forex trading platform is the trader's window to the world's currency marketplace. Due to London's dominance in the market, a particular currency's quoted price is usually the London market price. There is a minimum trade size of USD 100,000 or equivalent and a Net Open Position limit of 3 million USD. For those new to the global currency trade, it is important to build an educational foundation before jumping in with both feet. Also it will be awesome if you at the beginning of your way studying forex success stories from professionals, I think this can greatly motivate you to develop further. The foreign exchange market refers to a global marketplace where banks, institutions and investors trade and speculate on currencies.
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