15 Benefits of Forex Trading
Forex trading is the speculation of the market direction, is it going to fall or its going to rise, then traders will buy or sell currency pairs to make profit. When you make a forex trade, you sell one currency and buy another. You profit if the currency you buy moves up against the currency you sold.
Benefits of Forex Trading
1.Every trading strategy works very well when applied accordingly.
2.There is no commissions the cost of trading is low, you never pay fees for deposits and transfers.
4.Forex education is for free, there are a lot of courses that will help you become an expert trader
5.The Ability to use Leverage and open a much bigger position
6.Plenty of Risk management tools that you can use without paying for
7.It is a highly liquidity market which makes it difficult to manipulate the prices
8.You don’t need large amount of capital, you need as little as $10 USD
9.Easy use of technical indicators for market analysis
10.Most of the Forex Trading platforms are for free, the likes of Mt5,cTrader and Ninja Trader
11.A Demo account that you can use as your practicing Arena to sharpen your skills
12.Forex market does not have a direct correlation with the stock market
13.There is no centralized exchanges, you can trade from anywhere in the work
14.Minimized overnight gapping up and gapping down in comparison to stock market
15.You can make profit from going long or short