is currency trading legal
Now let me show you why many people lose money so swiftly in forex and they come out saying forex trading is a scam. With traditional” cash Forex charts we only know the number of trades during a period of time and not the number of contracts traded. It’s no use taking five pips profit and paying 2 to 3 pips in spread, the costs of doing business that way are ruinous. For example, when trading FX pairs the margin may be 0. 5% of the position size traded or 200:1 leverage. If the FX currency pair of the Euro and the U. S. Dollar EUR/USD is trading at an exchange rate of 1. 3 USD and the rate changes to 1. 3010, the price ratio increases by 10 pips. Years ago I shared this little secret on how I get an edge day trading gold and it still amazes me how many of those people still use it today, including myself.
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is currency trading legal