Forex Trading
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In forex trading, losses can exceed the initial investment, especially when trading on margin. This risk underscores the importance of careful risk management.
Margin in forex trading allows traders to control larger positions with less capital but increases the risk of losses if the market moves against them.
Minimum starting capital varies based on broker requirements and trading strategy. Start with an amount you can afford to lose and use proper risk management.
To start trading Forex, open an account with a broker like Faith Global FX, transfer funds, and trade currency pairs via their platform. Educate yourself on market analysis and risk management beforehand.