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The forex market is one of the largest financial markets in the world. It is unique because of its large volume of buyers and sellers. It also has very high liquidity. The market is on round the clock for 5 days a week and 24 hours each day globally.
The Fx market has a number of merits
Leverages
The leverage offered to its players allows them to make huge profits even with small deposits. The leverages start from a 100:1 and could go as far as 500:1, depending on the broker. Leverages are a safe way to make profit in Forex trading.
Round the clock market
The Forex trading market is a 24 hour market which makes it different from the stock exchange or the futures market. It offers the trader the ease of trading at any time of the day according to his own convenience. You must hire the services of a professional broker who will keep you informed of the conditions of the market that is when to trade and when to stay out of it.
Price stability
Because of the high number of trades each day globally, it enables the currencies to achieve price stability and ensure extreme levels of liquidity as well. There are up to seven currencies that are most important in the Forex market. Each of them is paired against the dollar.
Easy to learn
Forex trading is a money market that requires little trading education and does not long to master. You can learn the trading transactions with virtual money through demo accounts. The demo account enables an individual to master trading activities without actually losing any real money.
On the other hand, the Forex market also has a number of demerits too, such as:
Overzealousness
Sometimes overzealousness pushes the investor into thinking that he understands the Forex market very well and can do his trading on a live account. Such over zealousness can cause losses for the investors.
Greed: The greed for making more and more money drives the investor deep into the Forex market. It is easy to make money in Forex trading only when you have mastered the fundamentals of currency trading.
The forex market is a wonderful way of earning money and gaining information into the world of Foreign Currency. It is an international exchange currency market, where currencies are exchanged on a daily basis in the five forex market centers around the world - New York, London, Tokyo, Frankfurt and Zurich. You do not have to be in the trading centre to be involved in the forex market. Today, forex trading can be done from home on a computer too.
It is a worldwide connection of traders, who make investment moves based on the price of currencies, or their relative values. Traders constantly negotiate prices with other traders which results in the fluctuation or movement of the currency's value. The value of the currency corresponds with its supply. Analyzing the forex market's fluctuations allows investors to make predictions on how a currency will move corresponding to another currency. Accordingly, they can buy and sell that particular currency.
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