Forex is The Best Trading Market!
Most people would agree that Forex is the best trading market in the world. It’s better than stocks, CFD, commodities, and all other trading assets. Today we are here to tell you exactly why the Forex market is simply the best in the world.
1. The World’s largest Financial Market
One of the reasons why trading Forex is much better than trading in any other financial market is because it is the world’s largest market. The Forex market contains more than 5 Trillion dollars, making it larger than the stock market, CFD market, commodities, and everything in between.
The point here is that there is a whole lot of liquidity and tons of opportunity in the foreign exchange market. With so much money floating around, the opportunities for day traders to make profits are very real.
2. Everyone Can Participate in Forex
One of the great aspects of Forex trading is the fact that everybody can participate in it. It’s not an exclusive market reserved just for experts. It doesn’t matter what country you are from, as there are brokers and trading platforms everywhere.
It doesn’t even matter how much money you want to trade with, as you can trade Forex with just a few dollars. Heck, there are many ways of practicing trading for free out there, without ever having to deposit any money whatsoever. This is something that everybody can do, and sure, pro traders might fare better than newbies, but everybody has to start somewhere.
3. Forex is the Most Liquid Market with the Highest Volume
Another benefit of trading Forex that everybody can take advantage of is that it has very high liquidity, and this is combined with absolutely massive volumes too. If you are looking for volatility and liquidity, the foreign exchange market is the best place to be.
If you are trading with very volatile Forex pairs, although it can be risky, the opportunities to make massive profits are there and ripe for the taking. Yes, you do have to perform research and analysis in terms of the best Forex pairs to trade, the ones with the highest volatility, but there is definitely a lot of money making potential here.
4. No One Owns The Forex Market
Yet another reason why the Forex market is the best market to trade is because nobody owns it. If you have ever traded the stock market before, you probably know that some companies have monopolies, or several companies for oligopolies, which then effectively control the market.
Sneaky corporations will engage in price fixing and there is a whole lot of insider trading going on out there too. This is not the case with the Forex market, which makes it much better for the people buying and selling currency pairs.
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5. Trading Highs and Lows
Yet another great aspect of the Forex market for anybody who wants to trade is that you can trade highs and lows. Generally speaking, with commodities, stocks, and other such asset types, the goal is to increase the value of your purchase. In other words, when you buy stocks, you always want the value of that stock to increase.
However, with foreign currency pairs, you can trade highs and lows, and as long as you execute the right trades, it doesn’t matter if the Forex market goes up or down. You can use market research and analysis to estimate if the foreign exchange market is going up or down. Whether the market goes up or down, you can place buy or sell orders, and make money both ways.
6. The Forex Market is Open 24/5
Another reason why the Forex market is the best market for everybody to trade in is because it is open 24 hours per day, 5 days per week. Yes, the Forex market is closed over the weekend, but so are all other markets.
However, that said, for instance, the stock market is only open from 9 AM to 5 PM, or whenever that particular stock market happens to be open. Therefore, trading Forex can be done at any time, even if you don’t get home from your day job until late at night. It’s just a much more convenient market to trade in when compared to others, such as the stock market.
7. Low or No Commissions & Low Transaction Costs
Now, before we get into this point about most Forex trading accounts having very low or even no commissions at all, we do want to say that yes, it does depend on the specific broker you have.
However, there are plenty of great brokers out there, and if you find the right one for you, commissions are going to be super low or just non-existent all together. In terms of commissions on trading accounts, you won’t pay nearly as much for trading Forex than when trading stocks, commodities, or anything else of the sort.
Moreover, not only do most Forex trading accounts feature no or very low commissions, but they also tend to feature very low transaction costs. Yes, it does depend on the specific broker you have, but for the most part, Forex transaction costs are rock bottom.
8. Forex Leveraging
The other point that we want to make today, about the Forex market being the best in the world, is that you can leverage your Forex trades. It allows you to trade with way more money than you actually have. For instance, if you leverage a trade at 10:1, it means that you can trade with $10,000, even if you only put up $1,000.
Yes, leveraging can be very risky, because if your trade goes south, you can end up owing a lot of money. However, on the other hand, if you know what you are doing, it can also be very beneficial and profitable.
Forex, The Best Trading Market – Final Thoughts
When all is said and done, it is very clear that the Forex market is simply the best in the world. There are many benefits of trading Forex. If you want to become a truly professional, knowledgeable, and profitable Forex trader, learning from the Income Mentor Box Day Trading Academy is highly recommended.
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