Advantages of Forex Trading

Money.nikaniku.com – Advantages of Forex Trading. Trading forex offers many advantages over other financial instruments. Here are some reasons to consider trading forex.

FLEXIBLE, CAN TRAD ANYTIME AND ANYWHERE

Advantages of Forex Trading

The forex market is open 24 hours a day, five days a week. So you can exchange anytime. You can exchange after coming home from campus or after work. This is great for those who want to exchange on a part-time basis, because you can choose when to exchange: morning, afternoon, or evening. As long as you are connected to the web, you can exchange anytime, anywhere, play on words. Exchanging forex is now very practical because it can be done online with the help of a computer connected to the web or cell phone.

CAN TRAD IN TWO DIRECTIONS (LONG or SHORT)

Unlike many other financial markets, you can exchange forex in both directions. In the Indonesian stock market, short selling is difficult due to regulatory or liquidity constraints. In forex trading, you can exchange long or short. If you think a currency will go up, open a long (LONG) position. If you think the currency will fall, open a short (SHORT) position. This means there is no such thing as a “bear market” in forex — you can make a profit (or loss) in both directions.

NO COMMISSION

You don’t have to pay sales commission when trading forex. In the stock market, there is a commission fee for every exchange made – both for buying and selling. In the currency market, the commission does not exist. You simply pay the difference between the bid and ask prices (this difference is called the spread). So, forex trading has very low fees. (Note: in Indonesian forex representatives, commissions and spreads apply. While in foreign forex intermediaries usually only spreads apply).

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CAN START WITH SMALL FUND

You don’t need to have a lot of money to start making profits in forex. In some forex specialists, you can open forex with a deposit as low as $25 (although in my opinion, trading forex for such a very low amount of money is a very bad idea)

LIQUID

Forex has a large market, this also makes it very liquid. This is an advantage because it means that it will be easy for you to enter or exit the market at any price. For example, if we are exchanging stocks, especially fried stocks. We can get stuck because we can buy but hard to sell. In forex, you never get “stuck” because of the liquidity factor. You can easily open or close an exchange position.

Influence

In forex trading, small funds can be used for exchanging with a much larger transaction value. This concept is called influence. For example, a forex specialist might offer a 1:100 influence, meaning a $25 dollar store edge would allow the broker to buy or sell $2,500 worth of currency (25*100). While this may allow exchanges to generate more benefits, remember that influence is a double-edged sword. Without proper risk management, this high level of influence can lead to huge losses, as well as huge benefits.

MANY TRADING OPTIONS

While most forex exchanges are done with the world’s major currencies, you also have access to other currencies such as the Mexican Peso (MXN), or Singapore Dollar (SGD). If available, forex dealers also provide the option of exchanging gold, oil, fates, indices, or other commodities such as corn, wheat, or coffee. Sometimes even crypto exchanges such as Bitcoin are also available.

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DEMO ACCOUNT

Most online forex dealers offer “demo” accounts to practice trading. You can use online forex exchange programming with ongoing price data and charts for free. You can use a forex demo account to hone your trading skills with “virtual money” before opening a genuine trading account and risking real money.

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