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The Complete Idiot's Guide to Foreign Currency Trading, 2nd Edition by Lita Epstein, Gary Tilkin

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Chapter 6
Taking More Risks—Emerging Country Currencies
In This Chapter
• Understanding emerging markets
• Reviewing riskier country currencies
• Exploring liquidity concerns
• Discovering emerging markets with potential
After you’ve been trading for a while, you may want to try taking on more risk for the possibility of greater financial rewards. You can do that with more volatile emerging country currencies, but beware. Be certain the money you risk is money you can afford to lose.
Emerging country currencies are not only more risky and volatile, they can also be less liquid—meaning you may not be able to buy or sell them at the price you want because there may not be buyers or sellers for that currency pair. Some of these currencies are sold ...

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