Trading Academy
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Frequently Asked Questions
What is forex trading?
The forex market is a centralized and over-the-counter global market for trading currencies. Forex trading
refers to exchanging national currencies in order to make a profit.
How do I start trading forex?
You can start forex trading by learning its basics, finding a suitable forex broker online, and opening a
trading account. At MASTER SELECT GROUP, you can sign up to become a forex trader in just a few clicks.
Can I trade forex with $100?
Yes, you can! As a forex broker, MSG allow you to open a forex trading account for as little as
$100. The trading platform also has an extensive knowledge base for new traders to learn about how they
can make the most of their $100.
Is forex trading profitable?
Forex is highly profitable as it is one of the largest and most liquid markets in the world. Although,
keep in mind that there is no one perfect strategy that can give you big profits -- It's all about knowing
the right trade moves and the right timing.
Trading on margin is high risk.
Trading on margin is high risk.
How to trade forex using MetaTrader 4?
To start forex trading with MetaTrader 4, you will first need to sign up for a live or demo account with
an online forex broker, MASTER SELECT GROUP, that already supports the MT4 platform.
Where can I trade forex?
The forex market is run entirely by a global network of banks across four forex trading centers in
different time zones, including New York, London, Tokyo, and Sydney. You can start trading in forex by
signing up with MSG, the leading online forex broker.
How can I make money from forex trading?
Many experienced forex traders agree that forex trading is highly profitable -- it all depends on how you go about it. Here are a few tips to make money from forex trading:
- Learn the basics
- Sign up with MSG as your forex broker
- Start practicing with a demo account
- Switch to a live account when you are ready
- Start with small funds and modify your trading strategy as your grow
*margin trading is high risk. You can incur losses as much as you benefit with a profit. Ensure its right for you.
Are demo forex accounts free?
Yes, demo forex accounts are completely free with all the tools and spreads to help you practice
forex trading. MSG offers a free demo trading account that can be automatically converted into a live
trading account when you are ready for the real market.
What is maximum leverage in forex trading
Leverage in forex trading can depend on the type of trading account you have and your forex broker as well. Typically, leverage in currency trading can range anywhere between 50 to 400 times.
Can you trade forex over the weekend?
You can trade forex only over the weekdays and not during weekends. The forex market is open for trading 24 hours a day, five days a week.