HOW INTEREST RATES AFFECT FOREX TRADING LOANS

Interest rates have a high effect of forex trading loans. Forex trading loans which have high interest rates stands to have an increased monthly payment or take a long time to pay off than forex trading loans with low interest rates.  For example, if a forex trader borrows 4,000 dollars on the basis of an instalment or term loan with a 3.5 percent interest rate, he/she will be faced with a monthly payment of 58.33 for the next 5 years.

In conclusion, in forex trading loans, the higher the interest rates, the higher the amount to be paid while the lower the interest rate, the lower the amount to be paid.

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