helping of risk. You need 10 to buy 1,000 worth of foreign currency, he said. I took matters into my own hands and decided to learn how to trade using proper risk management. Brokers are promising guaranteed returns. Justin Jung, chief executive officer of MetisEtrade, recommends that investors should instead create their own system or at least test the systems on a simulation account first. This is why foreign exchange trading can be more volatile than any other market. He noted that by standardizing lot sizes, it is easier to match buyers and sellers and the foreign exchange market becomes liquid. To buy a 1,000 lot, assuming that the leverage is 100:1, you need 10 to get into the market. Copyright 2018 by Daily Price Action, LLC. Forex trading investors are also warned trade cryptocurrency for free no fees against automated forex trading systems sold on the internet.
Justin Jung, president of MetisEtrade Inc., said trading in the foreign exchange market is based on the contract that an investor is buying. In the forex market, a contract is worth 100,000 and each point costs about. Forex investments - live guesting of, justin Jung of MetisEtrade. Vrk forex investments inc - 24option - Technical.
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Jung also said the misconception in the foreign exchange market that it comes with a lot of scandals, but its not because of the market itself, but because of the transparency. Justin Jung, president of MetisEtrade Inc., said trading in the foreign exchange market is based on the contract that an investor is buying. There are only scandals when there are misrepresentations, guarantees given in profits and returns or exaggeration of profit potentials, and charging very high commissions, he said. But they cannot make them a champion. Financial adviser Salve Duplito said here are three signs that investors are getting into a forex trading scam: High fees for seminars and high commission fees.