Can someone answer my question: if you do atrade on the FOREX USD /NZD market for example: 77cents and you sell, thinking that the the exchange rate will eventaully be 70 cents , is there a time limit on the position?
The rate may go up to 80c and then you would have lost but if you wait and then it comes back down to 70c, which over time it will no doubt, you will be all right. Or is the fact you are leveraging $1000 to $100000, meaning that you cannot just wait an infinite amount of time (months or yearsZ) for the exchange rate to come back to where you are back in a profitable position
(yes I know this is naive, but ine ghas to start somewhere, and I am using a demo account rather than real money!)