When I first got into forex trading 5 years ago, I was just like any other newbie. I had messed with stock market day trading a little and was attracted to the market because of its high yield potential. I had heard stories of many folks making 50% per month ROI and of course, like any other person looking to make money, I thought that this would be a perfect option to build cash quick. Of course, I was aware of the risks but I didn't take into account all the hidden dangers of forex trading. I didn't realize that forex trading has its own set of rules and that if you don't understand them, then you could easily suffer a margin call. For a Buy 2 lots EUR/USD� position the transaction size is 200,000 EUR which corresponds to 220,000 USD, given a EUR/USD exchange rate of 1.10000. Considering that for a USD 100,000 transaction size commission is charged for both opening and closing the position at USD 5 each, for this transaction it will be: 2 x (5 x 220,000 / 100,000) = 22 USD. The commission fee is deducted from the account during the opening of the transaction for both the operations at once (opening and closing).
Consequently, you should consider the information in light of your objectives, financial situation and needs. CMC Markets Asia Pacific Pty Ltd ABN 11 100 058 213, AFSL No. 238054 (the derivative product issuer), CMC Markets Stockbroking Limited, Participant of the ASX Group (Australian Securities Exchange) and SSX (Sydney Stock Exchange) and Chi-X (Chi-X Australia), ABN 69 081 002 851, AFSL No. 246381 (the stockbroking services provider) provides the financial products and/or services. It's important for you to consider the relevant Product Disclosure Statement ('PDS') and any other relevant CMC Markets Documents before you decide whether or not to acquire any of the financial products. Our Financial Services Guide contains details of our fees and charges. All of these documents are available at or you can call us on 1300 303 888.
London Capital Group Holdings plc (LCGH plc) is a company registered in England and Wales under registered number: 05497744. London Capital Group Limited (LCG) is a company registered in England and Wales under registered number: 3218125. LCGH plc is a member of the London Stock Exchange. LCG is a wholly owned subsidiary of LCGH plc. LCG is authorised and regulated by the Financial Conduct Authority (FCA) under the company's registration number of: 182110. The registered address for LCGH plc and LCG is: 77 Grosvenor Street, Mayfair, London, W1K 3JR.
Continuing to use the practice account while you use a live account is also a beneficial tool for even the most seasoned Forex traders. The use of a no risk practice account enables you to try out new trading strategies and tread into unknown waters. If the strategy works, you know that you can now implement that strategy into your real account. If the strategy fails, you know to refrain from the use of that strategy without the loss of any actual money.
Modern Kiev is an administrative, cultural and financial center of Ukraine. It is one of the biggest cities in Europe with significant economic potential. Out of over 250 foreign and national banks working in Ukraine, about 100 banks are situated in Kiev. There are also a lot of insurance, consulting and clearing firms, stock exchanges, and investment funds. Kiev became one of the regular hosting cities for ShowFX World exhibitions. A strategic partner and participant of the ShowFX World Expo 2012 was InstaForex Company.
