That is a loaded question, for sure! And the answer ameritrade forex demo account not a simple binary choice. Exactly what US forex trading rules am I referring to?
Constricting limits on “LEVERAGE” and “REQUIRED MARGIN”. FIFO or First IN, First OUT rule. Hedging is when the trades in the account all work as autonomous entities, and therefore you could possibly have BOTH buy trades AND sell trades open in a specific pair at the same time. If the Forex Market is open, I am available to assist you – any time, any day, with live, interactive help to assist you. Here we go with another loaded question! And once again I am going to tell you the unvarnished truth, so get ready. Because of the high leverage, many people see the opportunity of forex as a way to turn a small investment into wealth beyond their wildest dreams!
WAKE UP PEOPLE, THAT IS NOT GOING TO HAPPEN! Greed is the first and worst destroyer of forex traders! Forex can seem a lot like a really exciting and fun video game it is NOT! Forex can seem a lot like on-line gambling it is NOT! Forex can look like the lazy mans way to wealth it is NOT!
If what you are looking for is the adrenalin rush that forex can often provide, then I suggest you join a roller derby team instead, as roller derby will leave you less battered and bruised in the long run. To be successful in forex, it is important to start with reasonable attitudes and objectives and full knowledge of the associated risks. Funds in your forex account should ALWAYS be considered “at risk” because there are a lot of ways to lose money. Not only can you lose money from a bad trade, but you must also consider the possibility of your broker going under, a country’s currency collapsing, internet problems, your account being hacked, government regulation changes, etc. Forex should ALWAYS be seen as just one element of a well diversified investment portfolio. If you can’t afford to invest at least several thousand dollars into your forex account, then you really should not be trading forex.