Forex Trading

Are you interested in Forex Trading?

The foreign exchange market (Forex) has no single location or central stock exchange, though it is the largest financial market in the world. Its size reaches three times the size of the stock and futures markets combined and works through an electronic network that includes banks, companies and investors.

Forex trading involves the simultaneous purchase of one currency in exchange for the sale of another currency and exchanged in the form of pairs, in other words that one of the currencies is exchanged against the other currency. The main currencies are:

USD – American dollar

EUR – the euro

JPY – Japanese Yen

GBP – Pound Sterling

CHF – Swiss Franc

CAD – Canadian dollar

AUD – Australian dollar

 

There are two types of investors involved in the Forex market. The first type is the hedge investor who engages in international trade and uses the Forex market to protect his interests from currency fluctuations. The second type of investor is speculators who only invest in currencies for profit.

Currency rates fluctuate due to a variety of economic and political factors. The main factors include:

interest rates

International Trade

Inflation

Political stability

There are many other reasons that increase investor interest in Forex trading. Some of these main reasons include:

No fees

No intermediaries

There are no deal sizes

Low transaction costs

High liquidity

Immediate transactions

Low margin, high leverage

Twenty-four hour market

The ability to access trade through online trading platforms

It provides a good opportunity to trade permanently, unlike the Forex market is never bullish or bearish.

No single entity can control the market

There are no internal trades.

 

To start trading the Forex market, the investor will only need a personal computer, high-speed internet access, and a currency trading account. A mini account can be opened for an amount not to exceed $ 100.

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