Notes

Why Trade Forex: Attributes Of FX Trading





There are many benefits and advantages of forex trading.

Read about reasons why why everybody is choosing the forex market:

No commissions
No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail forex brokers are paid for their services through something referred to as “spread“.


No fixed lot size
In the futures markets, lot or contract sizes are driven by the exchanges. For example, a standard-sized agreement for silver futures is 5,000 ounces.

In forex, it is possible to trade smaller lot sizes, or position size. This enables traders to spread out trades no more than 1,000 units.
Low transaction costs
The retail transaction cost (the bid/ask spread) is commonly lower than 0.1% under normal market conditions.

For bigger transactions, multiplication could be as few as 0.07%. Needless to say, depends in your leverage, and all that'll be explained later.

A 24-hour market
There is absolutely no expecting the outlet bell. From the Monday morning opening nationwide on the Friday afternoon near the coast Nyc, the foreign currency market never sleeps.

That is awesome for those who need to trade with a part-time basis since you can choose when you want to trade: morning, noon, night, during breakfast, or perhaps in your sleep.
No one can corner the marketplace
The FX market is sufficiently liquid that significant manipulation by any single entity 's all but impossible during active trading hours for your major currencies.

The foreign exchange market can be so huge and it has countless participants that no entity (even if it's just a central bank or perhaps the mighty Chuck Norris himself) can control the market industry price on an long time.

Leverage
In foreign currency trading, a little deposit can control an extremely larger total contract value. Leverage increases the trader the opportunity to make nice profits, possibly at the same time keep risk capital to a minimum.

Deep Liquidity
Because the forex market can be so enormous, it is usually extremely liquid. It becomes an advantage as it ensures that under normal market conditions, having a click of an mouse, you'll be able to instantaneously trade as you desire.

You are not “stuck” in the trade. You can even set your internet trading platform to automatically close your role when your desired profit level (a set limit order) may be reached, and/or close a trade if a trade will go against you (a stop loss order).

Low Barriers to Entry
You would think that how to get started as a currency trader would cost a ton of money. The reality is, in comparison with stock trading, options, or futures, it doesn’t.

Online fx brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $50.

We are NOT saying you must open an account together with the minimum, however it does make forex currency trading a lot more accessible to the normal person that doesn’t have a lots of start-up trading capital.

Free things Everywhere!
Most online forex brokers offer “demo” accounts to train trading and create your abilities, together with real-time forex news and charting services.

And guess what?! They’re all free!

Demo accounts are very valuable resources for those who are “financially hampered” as well as hone their trading skills with “play money” before opening a live trading account and risking real money.
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