Forex market
Hi Lindsay,
Every investment comes with its advantages and disadvantages, most of which are dictated by market forces beyond a single person or entity’s control.
Maybe we shouldn’t call forex trading simple though that may be true compared to some other investment vehicles. However, we can confidently say that forex trading is made easier and friendlier by the following factors.
- Forex traders can make higher profits in a short time after paying only a small amount of deposit.
- Similarly, the fees and commissions involved in Forex trading are quite minimal. This is because when you trade forex, you pay the spread and not a commission.
- The most significant advantage of the forex market is its high volatility, which makes it a great environment to trade in as volatility creates more chances to buy, sell and make —+a gain.
- The forex market is also highly receptive as the capital requirements are low. Similarly, it’s easy to join as you simply sign up online and start trading, and you can start off with a demo account.
- The forex market is one of the safest since it’s highly supervised, with forex brokers having several authorities regulating them. To enjoy this benefit, though, you should only trade with regulated brokers.
- Forex trading also offers growth because you can advance to an account manager when you have mastered the trade. Once in this position, you can earn commission by managing accounts in addition to your trading profits.