In this lesson of free training course in Forex we will talk
about why many people like you choose to trade in this market and what features
it has?
There are many benefits and interest of trading in foreign
exchange and we'll show you a few of the reasons why many people are choosing
this market:
No fees or charges for services
No fees and no extra fees for services, and wages to open
new accounts and do not pay government taxes or commissions at all, Brokers
compensated for the services they provide through their access to the spread or
what is known as the difference between the purchase price and the selling
price of the deal, any difference in points between the trading pair currency
in it.
Get rid of the additional brokerage
Instant Currency Trading rid of brokering and allows
customers to interact directly with the market, based on the pricing for a
particular currency pair, which does not cost the trader any costs at all.
The transaction cost is very low
The cost of the deal is just the difference between the
purchase price and selling what is known spread and typically have less than
0.01% under the terms of natural market so no matter how big the size of the
deal The difference will not exceed the 0.07%, for example, if you traded on a
pair euro dollar deal to buy you will pay Spread 2 points (cost the deal).
There is a fixed size of the deal "lot"
In stocks markets, you will find that the size of the deal
is specific with exchanges, which any contract hold the size of a standard
stock, In exchange instant, there is no fixed size of deals and the size of the
deal is known with the word " Lot" This allows traders to participate
small accounts, it can open the package 1000 paper from currency and even
100,000 paper currency.
Market is open 24 hours
Forex There is no waiting for the opening bell "as in
the stock market," it is Sunday evening to Friday afternoon EST, market
trade foreign exchange does not sleep, and this is very desirable for those who
want to trade without restrictions by their time in the other, they can choose
when trading - AM or noon or night.
No one can control the market
Currency exchange market is so huge and has many of the
participants, including that it does not have an office, not even a central
bank can control the market price for a long time and even the intervention of
the central banks of the enormous processing market prices become ineffective
and very short-lived.
The power of Leverage is high-
In trade exchange with a small margin deposit security you
can control the value of the size of a big deal and give much leverage to the
trader the ability to achieve extraordinary profits and at the same time keep
risk capital to a minimum.
For example, some brokerage firms offering exchange strongly
rise from 1 to 200 with any margin deposit as security for $ 50 enables the
trader to buy or sell a currency pair in a deal size of $ 10,000
In the same way with a deposit of $ 500 margin security
enables the trader to trade with $ 100,000 as the size of the deal, and so on.
But leverage is a double-edged sword, and without money management and risk
management are correct, this high capacity for leverage can lead to large
losses.
High liquidity and market multiple orders
Exchange market has high liquidity This means that with a
click of the mouse under the terms of natural market you can buy immediately
and or sell when the desire Once logged in any deal you can place orders for
program trading on the Internet can out to close your position automatically in
the level of profit required, With the introduction is "stop-loss" or
is "the price is profit," you can easily finish your transaction.
Free demo account, free news and analytical schemes
Most important feature is that most brokerage firms in the
online Forex accounts offer free trial accounts called demo accounts for the
exercise of the same fact characteristics of trading accounts and the this is
an excellent opportunity for a very novice traders who would like to try out
the skills of their trade virtual money before opening a real account with a
brokerage firm.
The possibility of opening small accounts
If you think to start trading such as currency traders, you
can pursue it and in small funds, in fact that Forex brokers mediating in the
foreign exchange market on the Internet to offer small trading accounts you can
start the deposit account minimum $ 100 or less this will make the road ahead
easier to learn currency exchange.
Currency trading on the Internet may have been initiated by
a small account you may open an account in the amount of $ 100 or less - do not
laugh - micro accounts a good way to get good results and real training at the
lowest percentage of risk.
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