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Benefits of Forex Trading

Unlike the stock or commodity markets, FOREX trading is unique. Traders in FOREX trade currency pairs in the market's direction. When you trade currencies, you are simultaneously buying one currency and selling the other, unlike when you buy equities.

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Benefits of Forex Trading

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  1. Benefits Forex Trading Forex trading is a type of trading in which you purchase and sell currencies on the market. Forex trading, like stock and commodities trading, is done online through trading portals run by forex brokers.

  2. 1.Ability to go long or go short: While you can go short on other markets by using derivative products, such as CFDs, short selling is an inherent part of trading forex. This is because you are always selling one currency (the quote currency) to buy another (the base currency). 2.Forex market hours: The foreign exchange market is open 24 hours a day, five days a week – forex can be traded from 9pm Sunday to 10pm Friday (GMT). These long hours are because forex transactions are completed between parties directly, over the counter (OTC), rather than through a central exchange. And because forex is a truly global market, you can always take advantage of different active session’s forex trading hours. 3.High liquidity in forex The FX market is the most liquid market in the world, meaning there are a large number of buyers and sellers looking to make a trade at any given time. Each day, over $5 trillion dollars of currency is converted by individuals, companies and banks – and the vast majority of this activity is intended to generate a profit.

  3. 4.Forex volatility: The high volume of currency trades each day translates to billions of dollars every minute, which makes the price movements of some currencies extremely volatile. You can potentially reap large profits by speculating on price movements in either direction 5.Leverage can make your money go further : IG offers a way to trade foreign exchange pairs using CFDs. CFDs are leveraged, which can make your money go further. Leverage in forex enables you to open a position on the currency market by paying just a small proportion of the full value of the position up front. 6.Trade a wide range of currency pairs: Forex trading gives you the opportunity to trade a wide variety of currency pairs, speculating on global events and the relative strength of major and minor economies. www.xtreamforex.com Support@xtreamforex.com +35796750500

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