Saudi arabia valutakurser forex
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You believe that the value of the riyal will fall in comparison to the euro, so you decide to convert your entire lot of SAR to EUR. After accounting for your initial investment and the amount of money that you borrowed in leverage, your total profit on this trade is 9, SAR. Unlike some other countries, there are no legal limitations on the amount of profit you can take when forex trading.
However, the forex industry is relatively new in Saudi Arabia, which means that there are fewer regulations than competing foreign countries. Protect yourself and your money by taking the following precautions. Only work with a licensed broker. Not every broker in Saudi Arabia is licensed or subject to government oversight.
Working with an unlicensed broker can greatly increase your chances of getting involved in a forex scam. Know your leverage. Using leverage to trade forex is legal in Saudi Arabia — your broker may offer you up to 1, leverage, and there is no government-instituted cap on leverage usage.
This can amplify your profits if your trades are successful, but it can also quickly put you into debt with a single bad trade. Read about Trust Score here. As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than. Learn more about how we test. Forex Risk Disclaimer There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.
Read more on forex trading risks.
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