Excerpt from: Forex Training
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| November 09, 2007 | | Leverage is part of currency trading | One of the main forex trading basics is leverage. Leverage is what makes currency trading so potentially lucrative. It is also what makes it risky as well.
Leverage: a definition
Leverage is when you initiate a transaction without needed the full amount of money. You make a small deposit (called the margin) and you are allowed to trade with a larger amount of money.
GFT offers up to 400:1 leverage. This means that if you have a deposit of $2,500 (the minimum for a regular forex trading account), you would be able to work with up to $1 million.
| Topic Tags: forex trading, forex trading account, forex trading basics, forex trading leverage, leverage, leverage currency trading currency trading | |
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