FAQ (Frequently Asked Questions) About Slumdog Forex Membership:

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Click Here For Questions About Foreign Exchange Market.

Q.What is the Foreign Exchange Market (Forex)?
Ans.The Foreign Exchange Market, also known as Forex, is a worldwide “over the counter” financial market for the trading of national currencies.

The Forex Market, made up of banks, commercial companies, central banks, investment management firms, hedge funds, retail forex brokers and investors, is a market in which participants are able to buy, sell, exchange and speculate on currencies.

This market, at one time, was only accessible to international corporations, large corporate banks, and central banks.

But, fortunately, it has been made available to the open public and now we can all share in this global four trillion dollar money market.
Q.What is Currency Trading?
Ans.Currency Trading is the same as Forex Trading, in which participants speculate on the value of one currency over another. You will hear the terms "forex trading" & "currency trading" used interchangeably so don't be confused. They are both the same.
Q.How much money do I have to initially invest to start trading in the Foreign Exchange Market?
Ans.You can open a Forex account and begin trading for as low as a $1 investment. This low risk option is a huge benefit for individuals that are not yet confident in the potential of foreign currency trading. They can test the market with a low investment, and if they don’t like it, then they can easily close their account and withdraw their money. However, there are different platforms that have their own contractual requirements and may require a higher initial investment. More details about this can be found within the course.
Q.Can I start trading part-time, while still working a full-time job?
Ans.Absolutely! In actuality, it is recommended that you keep your full-time job as a beginner trader. Since the Foreign Exchange Market is open 24 hours a day, 5 days a week, it makes it possible for full-time workers to trade during any free time of their day. Within the Slumdog Forex training course we will provide instructions on how to trade the foreign exchange market in both the early morning and late evening, by offering strategies on how to successfully approach trades during these particular times of the day. If you have a full-time job, it is recommended that you start off as a part-time trader, and once you become successful doing that, then you can quit your day time job and become a full-time Forex trader.

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