I'm looking for a Forex broker who provide cent accounts with the following features:
1- hedging on same currency should be possible
2- Leverage is 1:400 or 1:500
3- Lot size can go up to 10,000
4- reputable in trading and withdrawal of funds

Thanks

Answer
try www.gomarketsaus.com, they're very good

How does FOREX positions trading work and what is the profitability?

what exactly is a position? a lot?

what is the advantage in investing now that the economy is in shambles and the dollar has depreciated?

I don't know a lick of this stuff so please be specific, thank you!

Answer
You take a "Forex position" when you enter the Forex market buying or selling a specific currency pair at a specified price. The size of the position is determined in "lots" or units. For instance, lets imagine that you have a Forex account that you funded with U.S. Dollars. The first trade you decide to take is to buy 100,000 units of EUR/USD. At the moment you buy those 100,000 Euros you simultaneously sell the difference in the exchange rate in Dollars (136,000 approximately). If the price of the EUR/USD at the moment you bought was 1.3600 you now hold 1.0 lot (commonly referred to as 1 standard lot or 100,000 units) of EUR/USD long. If the value of the EUR/USD climbed to 1.3700 and you exited (or converted your euros back to dollars) you would have made $1000.

I am sure, you now have many more questions. I believe it would be much easier if you took one of the free Forex courses online. The easiest is www.babypips.com/school but you can google to find others if you prefer.

As for the advantage of Forex now over other asset classes. Well, the biggest advantage is that there is no such thing as a bullish or bearish Forex market. You can make money Forex, no matter the market condition if you know what moves the currency market, take a disciplined approach to trading the market, and have a solid trade/cash management strategy.

As for the claims by many that Forex is a "scam," let me say this. Do people lose money in Forex? Sure. Are there companies out there willing and able to steal money from unsuspecting Forex newbies? Absolutely. But if you are careful, smart and educate yourself about Forex you will be fine.

The potential in the Forex market is unlimited - but the dangers are also great. Take your time. Don't rush into it. Find a few mentors and you can make it.