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Can You Earn Extra Income By Trading Forex?
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Be realistic when you begin. Some trades will be profitable, while others will result in a loss. Not even professional currency traders make a profit with every Forex trade.

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The broker is the first decision every currency trader has to make. In order to trade in the Forex market you need a broker, but not just any broker. A reliable and honest Forex broker is essential. Without this, you're doomed to fail. Bad brokers will offer low spreads, high commissions or poor service. Choosing a broker is an important step, and should not be taken lightly.

Even experts with years of experience in trading still face constant losses. Drill this in your head : there are no shortcuts to currency exchange trading, it takes lots and plenty of time to defeat. There is no substitute to hard work and diligence. click here on a demo account to practice and pretend that you are trading with real money. If you are not trading profitably on your demo account, don't open a trading account. If you don't have the time, wait until your demo account is profitable. Minimum demo trades for two months.

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Commissions: Forex brokers who offer currency pairs at very competitive prices or zero spread may charge a commission to make up for any loss in profits.
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