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    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

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    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

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    Forex Today: Economic uncertainty spurs volatility

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    Russia Considers Allowing Crypto for International Payments (Report)

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    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

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    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

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    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

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    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

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    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

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    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

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    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

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    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

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    How ETF investors can bet on the crypto crash

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    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

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    SBF and Alameda step in to prevent crypto collapse contagion

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    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

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    Binance’s Bahrain License Upgraded for More Crypto Services

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    The Crypto Daily – Movers and Shakers

FX Access
  • Home
  • Forex
    A quiet start to the third quarter ahead of key data releases

    A quiet start to the third quarter ahead of key data releases

    Forex Today: Calm ahead of the ECB storm

    Forex reserves still ample

    Forex Today: Calm ahead of the ECB storm

    Forex Today: Calm ahead of the ECB storm

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Japanese Yen Fundamental Forecast: Prices Approach 1998 Levels Ahead of BOJ

    Forex Today: Economic uncertainty spurs volatility

    Forex Today: Economic uncertainty spurs volatility

    Russia Considers Allowing Crypto for International Payments (Report)

    Russia Considers Allowing Crypto for International Payments (Report)

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    Australian Dollar Outlook: AU-US Yield Spreads the Driver, Will it Steer AUD/USD Up?

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    US Dollar Outlook: USD, USD/JPY, EUR/USD Key Levels

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

    Euro Q4 Fundamental Forecast: More Euro Weakness Likely Lies Ahead

  • Education
    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    AUD/USD Rises Despite Wall Street Selloff as Chinese Flooding Lifts Coal Prices

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    Euro Forecast: EUR/USD Outlook Bleak as Traders Rush for US Dollars

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    RAND UPDATE: ZAR STRENGTH MAY BE SHORT LIVED AHEAD OF BUDGET SPEECH

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    CRUDE OIL PRICES MAY RISE ON US STIMULUS HOPES

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    IG CLIENT SENTIMENT DATA SENDING BEARISH SIGNALS FOR USD/ JPY, AUD/USD, GBP/ USD

    EUR/AUD BREAKOUT COULD GROW LEGS

    EUR/AUD BREAKOUT COULD GROW LEGS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    CHINESE YUAN (CNH) DRIVING CURRENCY MARKETS; HOWEVER, TRUMP RISK REMAINS

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    GOLD PRICE REBOUND UNRAVELS AS TRUMP SEEKS POST-ELECTION STIMULUS BILL

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

    JAPANESE YEN FORECAST: MOMENTUM PUSHING JPYCROSSES HIGHERLEVELS FOR EUR/ JPY, GBP/JPY, USD/ JPY

  • Commodities
    CME looks to lure retail traders with daily options frowned on in Europe

    CME looks to lure retail traders with daily options frowned on in Europe

    The traders earning $6m+ outside banks and hedge funds

    The traders earning $6m+ outside banks and hedge funds

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Palladium: Completely Reverse The Rumors for a Bubble Burst

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    Energy Recap: OPEC Leaves Traders Guessing, Setting Up Volatile Move on Friday

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    WTI Crude Spikes into Close Following Bullish Bloomberg Report on OPEC Production Cut Expectations

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    US Open – Waking From a Stimulus Induced Dream – Oil, Gold and BTC in Focus

    Shell Impairments Support Bearish Market

    Shell Impairments Support Bearish Market

  • Cryptocurrencies
    How ETF investors can bet on the crypto crash

    How ETF investors can bet on the crypto crash

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    ‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

    SBF and Alameda step in to prevent crypto collapse contagion

    SBF and Alameda step in to prevent crypto collapse contagion

    Why the crypto market crash may play in Bitcoin’s favour

    Why the crypto market crash may play in Bitcoin’s favour

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    CFTC eyes potential oversight of cryptocurrencies, carbon trading – commissioner

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Indonesian Exchange Pintu Raises $113M to Be ‘Coinbase of Southeast Asia’

    Forex Today: Risk-on flows weighed on the dollar

    Forex Today: Risk-on flows weighed on the dollar

    Binance’s Bahrain License Upgraded for More Crypto Services

    Binance’s Bahrain License Upgraded for More Crypto Services

    The Crypto Daily – Movers and Shakers

    The Crypto Daily – Movers and Shakers

FX Access
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Why Trade Forex: Advantages Of Forex Trading

poweradmin by poweradmin
September 28, 2020
Home Education
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There are many benefits and advantages of trading forex.

Here are just a few reasons why so many people are choosing this market:

No commissions

No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail forex brokers are compensated for their services through something called the “spread“.

No fixed lot size

In the futures markets, lot or contract sizes are determined by the exchanges. For example, a standard-sized contract for silver futures is 5,000 ounces.

In forex, you can trade smaller lot sizes, or position size. This allows traders to open trades as small as 1,000 units.

Low transaction costs

The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions.

For larger transactions, the spread could be as low as 0.07%. Of course, this depends on your leverage, and all that will be explained later.

A 24-hour market

There is no waiting for the opening bell. From the Monday morning opening in Australia to the Friday afternoon close in New York, the forex market never sleeps.

This is awesome for those who want to trade on a part-time basis because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.

No one can corner the market

The FX market is sufficiently liquid that significant manipulation by any single entity is all but impossible during active trading hours for the major currencies.

The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank or the mighty Chuck Norris himself) can control the market price for an extended period of time.

Leverage

In forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.

For example, a forex broker may offer 50-to-1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $2,500 worth of currencies. Similarly, with $500 dollars, one could trade with $25,000 dollars and so on.
While this is all gravy, let’s remember that leverage is a double-edged sword. Without proper risk management, this high degree of leverage can lead to large losses as well as gains.

Deep Liquidity

Because the forex market is so enormous, it is also extremely liquid. This is an advantage because it means that under normal market conditions, with a click of a mouse, you can instantaneously buy and sell at will.

You are never “stuck” in a trade. You can even set your online trading platform to automatically close your position once your desired profit level (a limit order) has been reached, and/or close a trade if a trade is going against you (a stop loss order).
Retail market makers basically provide liquidity by “repackaging” large contract sizes from wholesalers into bite size pieces. Without them, it will be very hard for the average Joe to trade forex.

Low Barriers to Entry

You would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options, or futures, it doesn’t. Online forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $50.

We are NOT saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesn’t have a lot of start-up trading capital.

Free Stuff Everywhere!

Most online forex brokers offer “demo” accounts to practice trading and build your skills, along with real-time forex news and charting services.

And guess what?! They’re all free!

Demo accounts are very valuable resources for those who are “financially hampered” and would like to hone their trading skills with “play money” before opening a live trading account and risking real money.

Now that you know the advantages of the forex market, see how it compares with the stock market!

We are NOT saying you should open an account with the bare minimum, but it does make forex trading much more accessible to the average individual who doesn’t have a lot of start-up trading capital.

Tags: Why Trade Forex?
poweradmin

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