8 Benefits Of Trading Forex-
-Low cost
Generally, retail brokers make their profits from the Bid/Ask Spread, which is apparently very transparent to users.
-No middle-people
It allows you to trade directly with the market accountable for the pricing of the currency pair.
-No fixed lot size
Lot sizes differ broker to broker - standard lot, mini lot, micro lot or even nano lots. This enables you to start trading from as low as $50.
-Low transaction costs
The retail transaction cost (bid/ask spread) is usually as low as 0.1% and for bigger dealers, this could be as low as 0.07%.
-No one can control the market
The foreign exchange market is large and has many participants, and no single participant (not even a central bank) can control the market price for a prolonged time period. Therefore, the chances of sudden extreme volatility is very rare.
-24-hour open market
The Forex market starts, from the Monday morning opening of the Sydney session to the afternoon close session of New York session.
- Use of Leverage and Margin
Forex brokers permit traders to use leverage and with low margin, which gives ability to trade with more money than what is available in your account.
-Very High Liquidity
Because the size of Forex market is huge, it is extremely liquid in nature. This allows you to buy or sell currency any time you want under normal market conditions. There is always someone who is willing to accept the other side of your trade.
-Low cost
Generally, retail brokers make their profits from the Bid/Ask Spread, which is apparently very transparent to users.
-No middle-people
It allows you to trade directly with the market accountable for the pricing of the currency pair.
-No fixed lot size
Lot sizes differ broker to broker - standard lot, mini lot, micro lot or even nano lots. This enables you to start trading from as low as $50.
-Low transaction costs
The retail transaction cost (bid/ask spread) is usually as low as 0.1% and for bigger dealers, this could be as low as 0.07%.
-No one can control the market
The foreign exchange market is large and has many participants, and no single participant (not even a central bank) can control the market price for a prolonged time period. Therefore, the chances of sudden extreme volatility is very rare.
-24-hour open market
The Forex market starts, from the Monday morning opening of the Sydney session to the afternoon close session of New York session.
- Use of Leverage and Margin
Forex brokers permit traders to use leverage and with low margin, which gives ability to trade with more money than what is available in your account.
-Very High Liquidity
Because the size of Forex market is huge, it is extremely liquid in nature. This allows you to buy or sell currency any time you want under normal market conditions. There is always someone who is willing to accept the other side of your trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.