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You’ve no doubt heard of day trading, but you might not know what it is. It refers to buying or selling within the same day with no overnight wait. Just a few years ago, the United States passed a law that allows small investors and every one to participate in day trading. Prior to that law, only large banks, investors, financial institutions, and Wall Street insiders were allowed to participate in such trading.

Many small investors rejoiced at this news because currency day trading has been a secret that the rich and powerful leaders of our country have used for years to become even more rich and powerful. Now the opportunity to become rich and powerful is available to everyone. There is a lot of leverage available on the day trading forex market. For example, day traders can use really small amounts to trade extremely large amounts of money. The more money that is traded, the more money that can be made by successful day traders.

There are two day general types of traders. There are those who choose to trade alone and there are others that work for larger banks, brokerages, and investment firms. For the traders that work for large financial institutions, they have access to many more resources.

Those resources include large amounts of leverage and capital; powerful trading investment software as well as a community of traders that can help them identify major trends or pass along warnings. On the other hand, those that work alone just work with their own money and resources. But it doesn’t have to be a death sentence. There are now lots of software programs that can help individuals make the right choices. Plus online forex communities can provide a sense of community and a pipeline for information.

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Ihab Salloum