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1. Currency Day Trading
The buying or selling of a currency within the same calendar day is
known as currency day trading. In this case, all trades are completed in
the sameday and nothing is held overnight. The United States passed
laws six years ago that enabled smallinvestors and common men to
participate in currency day trading; previously, only large banks and
financial institutions and millionaires were engaged in the practice.
Industry analystsbelievethat currency day trading is a well-kept secret
of the rich and powerfulwho have the power to controlall the banks,
corporations and foundations throughoutthe world. In currency day
trading, the traders havevast buying power. For instance, it enables
traders to use $1 to control an investment worth $200, and $500 to
control $100,000.
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The professionalday traders are divided into two primary categories,
those who work alone and thosewho work for a larger institution. Most
of the traders work for a larger institution as they are given access to
greater resources. Largeamounts of capital and leverage, expensive
analytical software, and a direct line to a dealing desk are someof the
facilities given to the trader who work with big companies. On the other
hand, individual traders mostly manage other people’s accounts or just
trade their own. As these people have limited resourceaccess, it
prevents them from competing directly with institutional day traders.
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There is a lot of softwarewith which a person can learn currency day
trading practices. Oneneeds to be a keen learner with an Internet
connection. Websites such as Blackjack Trader.com, ChoiceDaytraders
and CompuTradeare some of the portals through which a person can
learn more about currency day trading
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