The global forex market does more than $5 trillion in average daily trading volume, making it the largest financial market in the world.Because it is so easy to trade forex, with round-the-clock sessions, access to significant leverage, and relatively low costs, it is also very easy to lose money trading forex.In order to avoid losing money in foreign exchange, do your homework and look for a reputable broker.Use a practice account before you go live and be sure to keep analysis techniques to a minimum in order for them to be effective.It's important to use proper money management techniques and to start small when you go live.Control the amount of leverage and keep a trading journal.Be sure to understand the tax implications and treat your trading as a business.
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