Benefits of Forex Trading

Millions of people trade Forex daily because it is an easy way to make money online. And virtually anyone can do it from anywhere in the world. 

Below are 9 more reasons why you should start trading Fore: 

1. The Forex market has high liquidity.

Did you know that the Forex market is the largest financial market in the world? In fact, it is the only market that makes over $ 4 trillion in trading volume in one day.

If you ask me, that's nearly 53 times the daily trading volume on the New York Stock Exchange and 200 times the turnover on the Nairobi Stock Exchange.

In such a liquid market, you have immediate access to money. You can sell your investments online and make money quickly.

2. Trade Around the clock. 

Unlike other financial markets, the Forex market is open 24 hours a day - 5 days a week. This allows you to trade openly from Sunday 22:00 GMT to Friday 22:00 GMT, regardless of whether it is day or night.

3. The Forex market is not limited.

Regardless of how dark the Forex market is - rising or falling, you can always make money in it.

All you have to do is buy and sell an asset with the hope of making money on your forecasts. The decision to go long or short is entirely yours. And there are no limits on how and when to trade Forex.

4. There is a greater potential for profits in Forex.  

Imagine your Forex trading account has $ 1,000 and you want to trade to raise money fast; you can open a position on any pair (for example, USD/JPY) for a ticket size of 500,000.

Now, this is no miracle, it is possible to win 500 times your stake. And it is only possible in forex. It's called the power of leverage. And Forex allows you up to 500:1 leverage.

5. You can start trading with a low deposit.

Unlike traditional businesses that require you to have a large capital before starting, the Forex market only requires a few dollars. The Best broker accepts an initial deposit of as little as possible, but the most common are $100 OR $200. You are still free to trade with whatever amount you feel comfortable with, depending on how much profit you need. 

6. Forex is a simple place to invest.

By this I mean, there is no manipulative influence on Forex. In fact, Forex trading applies the same traders investment rules to everyone. No one is treated with any specialty, no matter how much he invests. Now that's okay because it only means one thing; your potential profit (or loss) will not be pegged to what the company trades alongside your $ 1 trade.

7. No intermediary.

It is affordable to trade Forex because Forex trading has no room for intermediaries - people/companies that would add to the cost of your trading.

In other words, Forex is conducted online between buyers and sellers eliminating any possible movement between.