FAQ

Frequently Asked Questions

How much US debt does China own?

China owns $1 trillion in US debt as of May 2022. It’s interesting that China holds a sizable amount of US debt but this is perhaps not surprising given the nation’s unprecedented economic growth over the previous few decades. Still, China hasn’t passed Japan yet, which is the number one country in the world by …

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Can forex make you rich?

Maybe, but it’s not common. Trading Forex can make you rich if you have great chart pattern recognition skills and if you are an expert at risk management. But still, this can take many years so do not think you’re going to get rich overnight. How much money do you need to trade forex for …

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Which bank is good for forex?

Here’s a list of banks that are good for trading Forex: Best bank for Forex: Citi. Best bank for spot: UBS. Best bank for forwards/swaps: BNP Paribas. Best bank for options: Deutsche Bank. Best bank for NDFs: Citi. Best bank for FX algos: BNP Paribas. Which bank has best forex card? Axis Bank Diners card. …

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Is Forex Halal or Haram?

Forex trading is halal (lawful) and not haram (forbidden) when traders use swap-free trading accounts because riba or interest element doesn’t exist in that case. Most CFD brokers offer Islamic swap-free trading accounts that do not charge or pay overnight interest (no repayment with interest) on the open positions. Lot size forex A lot in …

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What is QML level?

QML means Quasimodo level or Quasimodo line. Basically, it is a level drawn at the tip of the left shoulder of the Quasimodo pattern. Quasimodo is a reversal trading pattern that appears at the end of an uptrend. As a price formation, the Quasimodo pattern is depicted by three peaks and two valleys, where: First, the …

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Why do I want to be a trader?

It’s a beautiful job for a man. You get to “hunt” for profits in a ruthless jungle aka the market, and compete against the smartest minds in the world. It’s a tough gig, but gives you a sense of freedom and reward that few jobs can offer. That’s why you want to be a trader. Someone …

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Can a Stock Be Stolen?

In 1971, the staff of the U.S. Senate Permanent Subcommittee on Investigations estimated that $400 million in stocks and bonds had been stolen during the previous 2 years. This goes to show that stocks can be stolen, but nowadays people trade the equivalent of a stock (derivative) not the physical stock anymore, so stock theft …

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