What Is Forex Trading?
Margin refers to the initial deposit you need to commit in order to open and maintain a leveraged position. So, a trade on EUR/GBP might only require a 3.33% margin in order for it to be opened. As a result, instead of needing £100,000 to open a position, you’d only need to deposit £3300. Although leveraged products can magnify your profits, they can also magnify losses if the market moves against you. You can read our review "The best Forex broker for beginner traders" to get more information on how to choose the right broker. The Economic Calendar is a great resource to help trader determine which reports provide the […]