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The disadvantages are many different. If you like to trade on high leverage and trade many alternative instruments, you can easily get yourself into a margin phone call. If your strategy calls for placing a stop based on price action, how much lost will change depending on where the stop is scheduled. Some trades might lose $20 other people lose $100.
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There are a wide industry in telling you that forex can be traded safely - Waste! It's risky and if you don't like taking calculated risks put your money in a good interest scenario.
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