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I`m a complete novice,but would like to buy dollars as I think they are going to go higher,how do I go about this.Thanx in advance.
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If you don't need the Dollars, then why buy them, simply use one of the many forex trading companies
digdeep , dont use a 4x trading company unless you have 10/20,000 capital.They will force you to use leverage because thats all they offer.Small accounts are always wiped out due to market flucuations intensified by leverage.If you use a 4x company you will be a trader of dollas not an investor.To be an investor you will need to but a single contract with a dealer, cost approx 20,000$ US depending on the broker.These have much less leverage.An fx company will offer you 50/1 or 100/1 leverage, with inexperience that guarantees you will lose it all.
Digdeep, simply open a credit or deposit account with IG, City, or Cantor (all ending with 'index'). It takes no time at all and you won't need to be concerned with the above
Having said the above, as you are a novice, be very careful of currency fluctuations, they can move quickly. Is it trading that you really want to do ?
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