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Fidelity Select Money Market Fund

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The author know from bitter experience just how painful and difficult it is to

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lose close to 60% of your account then take 6 months to make it
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all back again. While this may be a possible case, you must also remember that should you lose the trade (highly possible) then this high leverage works against you. So with your original $1 you get to make $50 nick of profit. Keep saving that cash till you have at
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least $500 in cash before you even think of investing in forex.

Most of these systems simply make up a track record in hindsight, knowing all

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the highs and lows and that is easy; trading not knowing the closing price is the hard part. Let us digress a little here; to fund your account some brokers will take as little as $50. 95% of traders lose in Forex trading and only a small minority win, it's obvious that to enter the small minority of winners, you need to make an effort. Leverage that is offered by brokers can range
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from as
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low as 1:20 to even as high as 1.

The reason is that most new traders do not adequately fund their account at the onset. If you decide to do that then our suggestion is that you take that money and save it aside. You can say that leverage

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is a double edged sword. It is a dangerous tool if it is not used carefully. Most traders who first start trading do not really understand this concept of leverage.
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But if you are smart and know how to use this powerful tool then, you can potentially sky-rocket your trading profits.

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Forget these get rich quick trading systems and focus on getting yourself a solid Forex education and you can win. Not everything in this world is made equal. But I have seen the track records they make money.

The best way for traders would be to take the smallest leverage possible. The issue with leverage is that it is often offered

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to the unsuspecting traders as a form of bait. The Truth on Leverage The large amount of leverage
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that is obtainable in the world of currency trading can work against you as well as for you. Any Forex trading system that calls itself an Expert Advisor has probably been developed
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by someone who hasn't traded or made any money.

The problem with Forex Expert Advisors is they don't work and

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the name is really a contradiction in terms. Leverage as it is called in Forex is the process whereby a trader may borrow money from the broker to trade. An under funded account forces
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you to over leverage, let's face it people; we are greedy by nature so
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being greedy we will try to take the short-cut and that way leads to financial ruin. If anyone is na ve enough to believe they will win doing the above, they are going to get taught a lesson by the market. For institutional traders the leverage can go as high as 1:1,000 depending
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on the size of the trade. Forex Expert Advisors - Why Traders Lose With Them Forex Expert advisors are big business online and they're the
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choice of many new traders but traders continue to lose with them - Why.
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By paying a hundred dollars or so, to a so called expert they can get a lifetime income.

You got to be careful on where you tread. Traders do not notice that and tend to take the largest amount of leverage possible. Leverage can lead to huge losses as well as gains. Unfortunately

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only about
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5% of these new traders make it to the 9 month mark and beyond. Yes they do but it's never real or verified by an outside source. To many traders today, think they can make money without making any effort. Forex trading
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is a learned skill and success is open to anyone, you just have to make the effort to learn skills. Of course if by sayers they survive their trading for more than 9 months, the concept of leverage slowly sinks in.

Instead, get the right Forex trading education and mindset and enjoy currency trading success.. Statistics have shown that most new traders are over leveraged. Like the element of fire, leverage makes a good servant but a bad master. The idea behind leverage, is that if you spend $1 to make $1.50 then if you borro $10 then you would be able to make $150. Forget Forex Experts and Robots that promise you riches with no effort and a small outlay, you know it's not true.

Experience Forex trading as it was always meant to be!
Trading in the Foreign Exchange market might carry potential rewards, but also potential risks.
You must be aware of the risks and are willing to accept them in order to trade in the foreign exchange market. Don't trade with money you can't afford to lose.
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