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Benefits of Foreign Exchange
1. The largest financial market
The foreign exchange market is the largest financial market in the world, and it will not eliminate this title any time soon. It is not difficult to see why the Forex market is used as a picture of global trade and economic activity. On an average, daily trading is between $ 4-5 trillion (yes, that's a trillion with a T). That's 200 billion in one hour, 3 billion in a minute, 50 million in a second. And with traders of all kinds around the world, this is truly an accessible and global trade market.
2. It's for everyone
Forex trading is not just for big shots. Starting out as a forex trader does not cost a lot of money, especially when compared to trading stocks or options, and is part of its appeal to a large number of people globally. Even without high start-up capital, forex trading is accessible to the average person. Equity offers trading accounts with a minimum deposit of only $ 500, and a leverage of up to 1: 500 available. This does not mean that you are currently a good businessman, it takes time and effort to learn and become skilled, so you are advised to keep your path slow and warm. Read our Forex Education section to expand your trading knowledge
3. High volume and liquidity
The forex market is huge, we have that. But why is this a good thing? What this means is that at any given moment, trading in large quantities, you do not have to wait in the general market terms. With one click, you can buy and sell customized, since usually someone else is ready to do another business. You can even automate your business. Indeed. The market has its quietest times, but is usually traded, especially if the famous couple like USD / EUR and other major companies is traded.
4. No owner of the market
Given the sheer size of the Forex market and the volume of participants, no institutional trader (no matter how big) can control the market price for a period of expansion. The market is rapidly revealing itself and leveling the playing field. In addition, the forex market is ventralized and there are no middlemen. You trade directly with another partner in the market and retail Forex broker easily facilitates this relationship. Fundamentally the market itself is directly affected by the economy, not a person or a company. You can't nail it and you can't control it, and that means you're not as small a fish as you might think.
Get the Latest & Recommended articles in your Inbox5. Trade heights and lows
It doesn't matter if the market is up or down, you can trade, and some forex trading strategies will depend on the latter. You can have the opportunity in any market situation and you can trade when you believe the value of the tokyo currency pair is going up or if you think it is going down. Some traders also develop during high volatility times. Although there is a high risk, sudden changes in prices can be beneficial if the timing is right. Whether you are following long market trends or day-to-day business movements, you can find many business opportunities.
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Any facts, figures or references stated here are made by the author & don't reflect the endorsement of iU at all times unless otherwise drafted by official staff at iU. This article was first published here on 9th September 2019.