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kurtS

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Posts posted by kurtS

  1. Oanda is also good for starting out with a small account of $30

     

    trading a live account will help to maintain your focus

    as with a demo it will be too easy to disregard the trades

    basically the mindset is different trading a live account

    because you have your own hard earned cash on the line

    the learning curve will be shorter.

     

    There clearly is some logic behind all that. When trading demo you have different mindset. Maybe demo account is not the best way to invest your time. If you can spare 30$...

  2. A good forex broker should be regulated by a known regulatory board like FSA, NFA. Check the broker's reputation, how big it is and how long is the organization's history. Also, you need to know how safe your money will be with your chosen broker. I have been trading with HY Markets for over 6 months now. I chose them because they offer their clients the "CLIENT MONEY PROTECTION POLICY" There is a 100% segregation of retail client funds with top-tier banks, transparent deposit and withdrawal policy. If you haven't found a broker to trade with, it's worth giving them a try. Mini account starts from $50. Good luck!

     

    I can not agree more. The most important thing is that broker have some authority behind his back...

  3. Financial panics are an integral part of capitalism. So are economic recessions. The system generates them and it becomes stronger because of them. Like forest fires, they are painful when they occur, yet without them, the forest could not survive. They impose discipline, punishing the reckless, rewarding the cautious. They do so imperfectly, of course, as at times the reckless are rewarded and the cautious penalized. Political crises -- as opposed to normal financial panics -- emerge when the reckless appear to be the beneficiaries of the crisis they have caused, while the rest of society bears the burdens of their recklessness. At that point, the crisis ceases to be financial or economic. It becomes political.
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