>Geez, that's wild!!! How does it happen???<
Currency trading is very high leverage. What that means is $1,000 of your money controls about $100,000 in currency. The moves up and down can be dramatic. In reality, if you think about it - you could quickly lose more than you invest if you are on the wrong side, but most Forex brokers (who do this type of trading) will close the position for you in order to protect themselves (which also protects you). So, I figure I am willing to "risk" a portion of the $1,000 if I am on the wrong side of the trade.
Interestingly, playing the USA dollar against the Canadian dollar has been very appealing for a few years now.
Mel Cummings
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