Historically, traders in different countries took long and short positions with their local currency at the bottom , but that changed after forex\u2019s popularity skyrocketed earlier this decade. Now, most participants around the world trade the currency pair with the highest volume. The most popular version is also likely to carry a more narrow bid\/ask spread, lowering trading costs. Brokers also differ in their platforms have different required account minimums and transaction fees. Before hopping on a trading platform, you may want to create a budget for your investment life.<\/p>\n
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