Forex Speculating and Trading with real money
What can I tell you about speculating; in Forex it means a lot, it’s the exact opposite of hedging, Speculating simply means Traders or Market makers that assuming that certain currencies value will go up or down and doing so based on many factors such as, war, inflation, labour or anything that can inflect the market. Most speculators are attached to the news usually from news from all over the world. You will surprise what kind of events can change in matter of seconds the Value of a currency.
When I opened my first real money account I was very nerves, even though that my initial deposit was only $100 I was scared to lose it, I opened a basic position Euro Vs Dollar, on that position I thought my speculation was correct, by the time I realised that it was a mistake, I lost $40….so I quickly open the opposite position and gain that money back, if I would have done so from the beginning I would double my deposit in less than 10min.
The moral of this story is, A. If you are not ready to lose, don’t even bother trading and B. Forex is Red or Black on Roulette Table, either you did the right decision or not J
Of course there are more important factors that can affect your Trading position so keep on reading!
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