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  1. SKS
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    Hi Jack,

    I have traded with few brokers in New Zealand and FXCM in USA. FXCM is the Best of all. Yes you will be able to recover all your losses and even make profit if you can are ready to learn money management. Currently I am with CMC Markets and they offer 1:200 leverage i.e. 0.25% margin. There are few great traders/educators in DailyFX Forum like Ilya Spyak (Absolutely the Best), Brad, Justy, Pubber, Ravno and Italm. I am following them since April 08 and have made some handsome returns on my small capital after lossing 10000s in last 3 years. In case you are doing marging trading, please use max 5% of equity on any singal pair and never use more than 10% in total. If any trader goes into loss, wait and don't add more positions to the lossing trade. Simple rule "What Goes Up Comes Down" we just have to be patient and keep lots of free equity. There is another very good web site from UK which gives excellent recommendations 1 per day. This week it may be a good opportunity to Buy USD/CAD under 1.06 or may be lower on Tuesday after Fed meeting. If its me I will put a limit order to buy @1.0479 with an target of at least 1.08 in few weeks or the moment Gold has reached $650. I will close my position as after that Gold and CAD will recover. Forex Trading is an addiction and its good not to be sentimental about a pair. You may have lost money in USD/CAD but there are always other opportunities so focus of safety and profits. I am currently not trading in CAD but CHF, where I am short and will close my position with profit in coming week.
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09-13-2008 06:44 PM
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04-07-2010 02:30 PM
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09-12-2008

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Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. 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. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.