You can hold your positions as long as you like. Everyday there is a “swap” rate that either charge you a fee for keeping the positions overnight or maybe give you a small interest rate. It call positive swap ( example if you buy audjpy ). Swap rate will triple on tuesday wednesday night to cover the night of saturday and sunday. Good brokers : depend on your envestment style, here is a list I found practical because they tested it by real account for more than 6 months: best forex broker A simple yet effective strategy is “break out trading” […]Read more »
I have a stock market simulator account with Investopedia and they gave me $10,000 virtual cash. For the past 2 weeks I have been making $300-400 daily. Am I ready to go into the market?
Do it 2 more times and yes, you can start play with real market. Keep in mind this: Demo is something rosy for clients to join, it is the most effective tool from brokers to show how easily you can make money with them. Real is totally different. But yes, winning in demo is essential steps. There are bucket shop that make demo supper easy ( fill your trade with positive slippage – so you have you trade winning right away when you enter the trades). But also have Dealing Desk to control your real trade after with opposite direction. […]Read more »
No the brokers are not dangerous. But if you use leverage wrong, it is dangerous. It is same as you ask if ocean is dangerous. No the ocean is not dangerous if you have a strong boat and read the weather before you sail, take all precaution.. but yes it is dangerous if you have a small boat and dont care to read the weather news.Read more »
I’m 18 and I’m trying to learn how to invest, what are some starting tips to learning the basics of investing?
Start up never so easy. Just do it and you find your way. Here some tips if you want forex trading: Find a good broker. You can never win with bad or average broker. Train yourself on discipline as early as possible ( if you say you going to do A, you do it no matter what cost you) Invest small until you really can keep an account alive for more than 6 month with consistent profit before really rolling in.Read more »