Leverage
I was managing my Forex account. I decided to sell my Euro's for Pounds. I leveraged a five hundred to one deal and opened the trade. The Euro started to depreciate! I lost ten thousand dollars and had to quickly close the trade.
I leveraged a five hundred to one deal and opened the trade. I was managing my Forex account. The Euro started to depreciate! I lost ten thousand dollars and had to quickly close the trade. I decided to sell my Euro's for Pounds.