Starting in Currency Trading

As a new currency trader, one of the questions you might have when you start looking at this market is what am I actually buying or selling?' The short answer to this question is nothing! The retail FX (FX =Forex= foreign exchange=currency) market is a purely speculative one and no physical exchange of currencies ever takes place. All trades exist simply as computer entries and are netted out depending on market prices. The reason the market is in existence is to allow large companies and financial institutions to trade huge amounts of currency easily. These constitute approximately 20% of transactions. The remainder is speculators like you a

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