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How Much Money Do I Need to Start Forex Trading?
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How Much Money Do I Need to Start Forex Trading?
Many brokers allow you to start with as little as $200, but a minimum of $500–$1,000 is recommended for better risk management.
What is an Economic Calendar in Forex?
An economic calendar lists key financial events (e.g., interest rate decisions, job reports) that impact currency markets.
Can I Trade Forex on My Phone?
Yes, we offer mobile trading platform.
How Can I Protect My Capital in Forex?
• Use stop-loss and take-profit orders • Avoid excessive leverage • Diversify your trades • Follow a trading plan
Is Forex Trading Legal?
Forex trading is legal in most countries but is regulated by financial authorities. Always trade with a licensed broker.
What is a Margin Call in Forex?
A margin call occurs when your account balance falls below the required margin level.
What is Technical Analysis in Forex?
Technical analysis studies price charts, patterns, and indicators (e.g., Moving Averages, RSI, MACD) to make trading decisions.
What is Fundamental Analysis in Forex?
Fundamental analysis evaluates economic indicators, such as GDP, interest rates, inflation, and political events, to predict currency movements
What Are Some Common Forex Trading Strategies?
• Scalping – Quick trades for small profits • Day Trading – Opening and closing trades within a day • Swing Trading – Holding positions for several days or weeks • Position Trading – Long-term investing based on fundamentals
What is a Lot in Forex?
A lot represents a standardized unit of trading: • Standard Lot: 100,000 units (1.0) • Mini Lot: 10,000 units (0.10) • Micro Lot: 1,000 units (0.01)