Why is FOREX trading so popular?
Because you can trade from anywhere. From the kitchen counter, bedroom, garage, or the nearest Starbucks coffee shop (most of them have wireless Internet connections).
If you have or like to travel, take your laptop and you can trade FOREX anywhere in the world where you have an Internet connection.
When you want to start Forex market trading, nobody asks you for a diploma, formal license or proof of how …
FOREX Trading is Economic Costs and a Low Start!
You can open an account to trade Forex with only US $ 200 in most brokerage companies.
I personally recommend Fenix Capital Management, LLC, which offers a sophisticated trading platform, which allows you to place orders directly by clicking on the chart.
Benefits of Main Spot FX Trading Trading are You :
- don’t pay commissions or fees!
- can trade 24 hours a day!
- can trade up to leverage of 400: 1!
- will have Streaming Price Quotes that can be executed and graphs instantly!
It is important to know the difference between FOREX (SPOT FX) cash and currency.
In currency futures, the size of the contract is predetermined.
With FOREX (SPOT FX), you can trade electronically the desired amount, up to $ 10 Million USD.
The futures market closes at the end of the working day (similar to the stock market). Important data is released overseas while the US futures market is closed. Then the opening of the next day will maintain a large gap with a large potential loss if the movement is contrary to your position.
The FOREX Spot Market runs continuously for 24 hours starting at 07:00 New Zealand time Monday morning to 5:00 pm New York time Friday night.
In addition, only currency futures are traded in amounts not in USD, while in spot FOREX, investors can trade in almost all currency denominations, or in more conventional US dollar amounts.
Pit currency futures, regular events during IMM (International Money Market) several hours from sporadic breaks in liquidity and constant price gaps.
The spot FOREX market offers liquidity and market depth far more consistently than Futures.
With IMM futures, a person is limited to tradable currency pairs. Most currency futures are traded only versus USD.
By spot FOREX, you can trade foreign currencies vs. USD or vs. each other ‘cross’, for example, EUR / JPY, GBP / JPY, CHF / JPY, EUR / GBP, and AUD / NZD
More information about the following reasons: (will continue)
Currency trading risk: Limited currency trading is a form of investment that is very risky and is only suitable for individuals and institutions, the potential losses that they cause. An account with a broker allows you to trade a highly leveraged base (up to around 400 times your account equity). This is a real-time investment account that can be used to reduce a person’s entire investment. Species in foreign currencies significantly affect the financial well-being of investors.