Your Questions About Currency Exchange Forex
The following Question and Answer is brought to you by our Forex Consultant with interaction
from members of the Yahoo Answers community.
Mark asks…
Currency Correlations for profit? Currency traders?
Can...
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Your Questions About Currency Exchange Forex
The following Question and Answer is brought to you by our Forex Consultant with interaction
from members of the Yahoo Answers community.
Mark asks…
Currency Correlations for profit? Currency traders?
Can currency correlation charts be used for HOLDING currencies and make a profit? I mean
without margin and without using a forex broker? By simply BUYING and HOLDING various
currencies in a multi currency account and laddering and exchanging them as the values
increase according to each pair? If so please explain.
admin answers:
You could….
but why would you? One of the main advantages of participating in the Forex
marketplace is the use of leverage.
If one understands what they are doing leverage is one of
the keys to making consistent favorable profits in the Forex market.
If you were to simply buy currencies you would not be buying at the actual spot price and you
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