An Introduction To FOREX Trading
The type of currency you are spending, or getting rid of, is the base currency. Inexperienced traders do need to put into place a stop loos limit, for it is far too easy to get carried away when trading Forex and that can often lea such traders to completely busting out their budget and trading account balance when the carry on trading for too long.
Not all stocks and ETFs are available to be traded on margin, and the ones that can, require at least 50% margin to do so. US regulated Forex firms are not allowed to offer more than 50:1 leverage on the major currency pairs and 20:1 on the other currencies.
It is related to the fact that currency market Forex has many significant advantages compared to other financial institutions: the highest liquidity, operations are executed 24 hours a day, the lowest cost of deals, margin trading, dynamism, huge number of participants and many others.
No individual advice nor trading management services of any kind are provided, therefore no member nor subscriber should assume that their participation in the services provided herein serves, nor is suitable as, a substitute for ongoing individual personalized investment advice from an investment professional chosen by the member/subscriber.
The indictment alleges that Lee convinced prospective investors to wire funds to TGM’s Belize bank account for the purpose of trading in the risky Forex market, when in fact, Lee never intended to use the funds for that purpose, but instead converted investors’ funds for his own personal use, buying a house and several cars, among other things.