Traders trade in forex by buying or selling currencies online. For retail traders, online forex trading is the only way to initiate currency trading and enter into world's biggest financial avenue. Traders buy currency online when price is low and sell it back when currency price is higher. From this price difference traders make regular profits. Online forex trading has simplified the user interface of forex to average traders. The popularity of forex is increasing as the day passes and till date it is the most lucrative market on earth. There is plethora of reasons justifying this tremendous growth of online currency trading :
1. Moderate your personal finances and surpass the profits from all other investment options.
2. Unlike stock trading, there is no entry fee to buy currency online or sell currencies via forex broker
3. There are millions of people around world who sell or buy currency online for various purpose. Thus, no single entity can dominate the entire market.
4. Forex market persist highest trading volume which is around $19 trillion per day. The large financial institutes, government, central banks, retail investors form the global forex market.
5. In stock market, if price of particular share or commodity is moving down there is no way one can make profit but in forex trader can make profits from both favorable and unfavorable condition of market.
6. Except holidays and weekends, forex market is traded for 24hrs a day. This flexibility in trading time offers great comfort to global traders. They can virtually start trading at anytime.
7. Online trading platform comes with a charting application using which traders can make technical analysis of the market and make accurate decision to enter and exit trade.
8. Forex market provide you up to 500:1 leverage however such high leverage increases the risk level by manifold. It is advisable to stick up to leverage of 20:1.
9. More than 100 currencies are traded everyday in forex. Among all there are few major currencies traded often and are fast in fluctuations and others are rarely traded so their fluctuations are slow. Traders can easily find the major currencies and start trading with them and make short term profits.
10. There are examples where traders give 3-4 hours a day and make more than necessary earnings. And at the same time there are examples where traders sit all the day in front of their PC but couldn't make anything out of it.
11. Advent of demo account where you can practice forex trading without putting real money on risk.
1. Moderate your personal finances and surpass the profits from all other investment options.
2. Unlike stock trading, there is no entry fee to buy currency online or sell currencies via forex broker
3. There are millions of people around world who sell or buy currency online for various purpose. Thus, no single entity can dominate the entire market.
4. Forex market persist highest trading volume which is around $19 trillion per day. The large financial institutes, government, central banks, retail investors form the global forex market.
5. In stock market, if price of particular share or commodity is moving down there is no way one can make profit but in forex trader can make profits from both favorable and unfavorable condition of market.
6. Except holidays and weekends, forex market is traded for 24hrs a day. This flexibility in trading time offers great comfort to global traders. They can virtually start trading at anytime.
7. Online trading platform comes with a charting application using which traders can make technical analysis of the market and make accurate decision to enter and exit trade.
8. Forex market provide you up to 500:1 leverage however such high leverage increases the risk level by manifold. It is advisable to stick up to leverage of 20:1.
9. More than 100 currencies are traded everyday in forex. Among all there are few major currencies traded often and are fast in fluctuations and others are rarely traded so their fluctuations are slow. Traders can easily find the major currencies and start trading with them and make short term profits.
10. There are examples where traders give 3-4 hours a day and make more than necessary earnings. And at the same time there are examples where traders sit all the day in front of their PC but couldn't make anything out of it.
11. Advent of demo account where you can practice forex trading without putting real money on risk.
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