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Dubai: When Bernd Skorupinski came to Dubai by way of Germany six years ago, he had no idea he would leave his job to become a fulltime trader. Foreign exchange currency trading, commonly referred to as forex, is a market where banks, businesses, investors and traders come to exchange and speculate on rising or dropping currencies. But to Skorupinski, the appeal to trade came from not only investing in an open market that requires little to feed and leverage, but also investing in himself. According to Abu Hantash, forex trading is more popular in the UAE than ever before, citing the number viet jet ipo brokers that have sprang up.

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Minimum forex account

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Forex mini accounts require a small amount of upfront capital to get started, typically an initial deposit of. Capital Requirement: Most brokers require standard accounts to have a starting minimum balance of at least $2, and sometimes $5, to $10, If you must start trading right away, you can begin with $ For a little more flexibility, $ can lead to slightly more income or returns. However, $5,