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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
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5 comments:
Did you enter the CNBC trading contest? And why or why not?
No. I don't know about it. Did you and how is it going so far?
It finished in December of last year. I was 474th out of a reported 250,000 players.
I think it was the place to be for new traders especially as top players were meeting at a forum after the close to go over strategies. It really took my trading up a level. The winner this year was a real estate appraiser. Last contest a waitress won the grand prize.
You were in top 20% of top 1%, nice.
Pondering what was more shocking, the number of bad players below me or the number of good traders above. I couldn't believe I was getting out timed in the market. See this was the first contest in which you could day trade and I thought, "I got 'em now." It made me work at a whole new level to step up my market timing.
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