Currency Trading Tutorial

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Currency trading allows investors to purchase currency from one country in the hopes that it will rise or fall against another country's currency. Use practice software before trying to invest in foreign currency trading with advice from an insurance and financial adviser in this free video on currency trading.

Part of the Video Series: Currency Trading Tips
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Video Transcript

My name is Bill Rae and I'm with Alumni Financial Services. I have been in the financial business world for well over 20 years and today's topic is currency trading tutorials, what are they, where can you find them? Well first of all I should tell you that particular line of investment is really not my cup of tea, highly risky, highly speculative, but let's find out what currency trading really is first of all. Currency trading if you will in its simplest forms is betting that one country's currency or monetary value will rise or fall against another. There is numerous things that can effect these type of transactions and the value of the currency. For instance is there any war going on? Do they have elections coming up? Are their tax laws changing? So many factors that can really effect whether the value is up or down. There are numerous brokerages out there with licensed people who can walk you through this field and they're there to help you, to guide you, to mentor you. Many of these websites actually have what they call on line tutorials or if you will a game that you can play pretend until you get a feel for the market. My advice is play it a while, get to know what you are doing, know that in any high risk that claims high rewards you can win it all or you can lose it all. Like I said currency trading is kind of like ski jumping on steroids, you never know when it is going to end but it's guaranteed to be exciting. Seek counsel, know what your limits are. My name is Bill Rae. I'm with Alumni Financial and we're here to help you build wealth.

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