I’m still trying to convince my dad to allow me to start trading live forex.
He constantly keeps making up alot of excuses why I’m not allowed to trade live. Today his excuse was this: “What happens if a currency devaluates while you are in a trade? you put me in debt”
So, I have some questions to you O’ learned ones.
*How often does devaluations/revaluations happen?
*How big are they?
*Are there any signs pre devaluation/revaluation.
*Does anyone have charts from such events?
I must admit that the idea is somewhat scaring me. But that is probably because I don’t have proper knowledge about it.