Understanding how to trade foreign currencies requires detailed knowledge about the economies and political situations of individual countries, global macroeconomics and the impact of volatility on specific markets.
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But the truth is, it isn’t usually economics or global finance that trip up first-time forex traders. Instead, a basic lack of knowledge on how to use leverage is often at the root of trading losses. That’s why we have created this Telegram group to provide you instant guidance on the matter:
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Data disclosed by the largest foreign-exchange brokerages as part of the Dodd-Frank Wall Street Reform and Consumer Protection Act indicates that a majority of retail forex customers lose money because of lack of the understanding. The misuse of leverage is often viewed as the reason for these losses.
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