Financial markets have become accessible to more and more people due to huge trading opportunities. People who had faced with the challenge of choosing the market, trading is considered as most suitable to them. However, the potential trader must take into consideration all the benefits and drawbacks of a financial market.
It is fascinating to know that, siby Varghese forex trader allows the beginner to get started at relatively low cost with much flexible in terms of time commitment. We can also say that forex is a market of benefits towards your trading journey.
Forex trading is the largest financial market
You will be amazed to know that forex trading is considered as the largest financial market in the world. However, it’s not hard to see why forex trading is used as a snapshot of global trade along with the economic activity. According to an estimate, between $4 and 5 trillion is traded daily. That means about $200 billion an hour or $3 billion a minute and $50 million a second. In this way, we can easily conclude the forex trading is the most accessible global trade market.
Forex trading is for Everyone
It is essential to keep in mind that forex trading is not just for the big shots. Forex trading doesn’t cost a lot of money especially when you are going to compared trading stocks or options. However, forex trading is accessible to all average individual.
You will be amazed to know that forex trading can be accounts from a minimum $500 and leverage up to 1:500. It does not mean that you’ll be a good trader right away because it takes time and trial to learn and become skilful.
High volume and liquidity
The forex market is enormous that allows you to get a lot of benefits in a very short time. if we talk in term of liquidity, it gives the large volume that has been traded at any given moment. There is no need to wait like normal market conditions. Just a single click allows you to buy and sell as you please. Furthermore, you can also automate your trading because the market does have its quiet hours.
Forex trading is 24-Hour Market
You will be amazed to know that forex market never sleeps because it opens 24 hours a day and 5 days a week. That means siby Varghese forex trader allows you to trade whenever you want. Now, there is no need to worry for the scrambling to get your order executed before a daily close. It means that you can be as active or passive as you had like, and trade on your schedule. Most interesting, you can trade be it morning, noon, or night.
No commissions on most accounts
There is no trade commission or very low ones for large volume trades. You will be surprised to know that there is also no clearing or exchange fees. Retail brokers earn revenue through the spread. Moreover, Spreads in the forex market are also considered to be very tight. We can also say that making forex trading one of the most cost-effective investment tools.
Risk-free Demo account
You can easily make usage of a free forex demo account practice and learn the ropes. You will be amazed to know that trading with a demo account is just like the real thing. Risk- free demo account is considered as great for those who want to test the waters or improve the trading skills in the real market. In this way, the traders can earn without any risk and this is all for free and without any commitment.
In forex trading, a small deposit can go a long way. Leverage allows you to borrow the money easily from your broker to trade with more than your actual deposited funds. It is considered as a powerful tool and one of the most attractive features of forex trading.