Why Forex Trading
There are many reasons why we prefer trading forex instead of trading stocks or any other trading type
24 Hours Market in 4 Sessions Forex gives its traders a 24 hour trading opportunity. Being a Forex trader, you can trade 24 hours a day from Sunday 5:00 pm (ET) to Friday 4:30 pm. This gives traders an opportunity to trade according to their convenience, going by their own schedule and also a chance to react instantly to any breaking news of the markets. The forex trading day starts in Sydney and ends in New Your after 24 hours:
at 8:00 am Sydney time (equivalent to 5:00 pm ET time) Sydney session starts
after 2 hours Tokyo session starts,
after 8 hours London session starts,
after 5 hours New York session starts it lasts until 5:00 pm (ET)
and that makes forex market 24 hours/ 5 days market, when new work session ends at 5:00 pm Sydney session starts.
The Biggest Market in the World With more than $1.8 trillion USD being traded daily, the foreign exchange market has managed to become the world's largest financial market, over the last three decades. With the large minimum deal sizes and rigid financial requirements, the Forex market, till recently, was not explored by the common trader or individual investor. But now the average investors can also engage in Forex trading. another benefit for this market that its global and available for all, as a forex trader I can trade from any where in the world.
Tighter Spread and No Commission Yes you do not have to pay commission when you trade forex like other types f trading, Forex trade lets you keep 100% of your trading profits. This makes Forex trading even more attractive as a business opportunity, brokers and systems that you deal will make their befits from the spread. spread is the difference between the bid price (the price to buy) and ask price (the price to sell) of a currency, for any giving moment the bid price us higher than the ask price. for example the bid price foe EUR/USD is 1.4601 and the ask price 1.4600 this point is called pip. Forex has tighter spreads where you can find the1 pip and 2,3 pips spreads.
Next: What is forex deal?
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