At first glance, the global currency, or forex (FX), market seems like an active trader’s dream: a highly liquid, 24-hour marketplace where trades require as little as $50 initial margin. However, this dream can become a nightmare for traders who dive into forex without first doing their homework.
There are some subtle, but important, differences between the forex market and the stock or futures markets. The first step in learning about FX is mastering its distinct structure, leverage and terminology.
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