Market Runs 24 Hour for 5 days
Benefits of Forex Trading : Forex market is global trading Market and It will continue as long as a market is open in the world. Trading hours in the United States begin on Sunday at 5 p.m. Eastern time, when the first major market opens in Sydney, Australia. The week’s trading concludes when the last major market in New York closes at 5 p.m. on Friday 1
What are the Benefits of Forex Trading
Benefits of Forex Trading : Liquidity means converting asset into cash converted quickly. In forex market (high liquidity) large sums of money can be moved into and out of currencies with small spreads. The difference between bid and ask prices for potential buyers.
Minimal Transaction Cost
Benefits of Forex Trading : In forex market the cost of transaction is typically built into the price as a spread. The spread is pocketed by forex brokers as payment for facilitating the trade. Pips are used to measure spreads. A pip is the movement of decimal point in the currency pair to maximum four decimal.
Pip value is calculated by 1/10,000 or 0.0001 by exchange rate. (In Japanese yen trades, a pip is the second place after the decimal point, or one percent.)In a forex transaction, if the bid price was 1.3244 and the ask price was 1.3246; the spread was 2 pips. Brokers may also charge a commission, which can be either a flat fee or a percentage of the transaction amount.
Leverage is an Option
Benefits of Forex Trading : Forex brokers frequently allow traders to buy and sell in the market using significant amounts of leverage, allowing them to trade with funds greater than what is actually in their accounts. For example, if you traded at a leverage of 50:1, you could trade $50 for every $1 in your account. That means you could manage a $50,000 trade with just $1,000
Do Forex Traders Make Good Money?
Benefits of Forex Trading : This basic risk-controlled technique reveals that with a 55 percent win rate and making more on wins than you lose on losers, it is possible to achieve monthly returns of more than 20% with FX day trading. Most traders should not anticipate making so much money; while it may appear straightforward, it is actually more challenging.
Nonetheless, thanks to leverage, a devoted forex day trader with a good technique and a good win rate and risk/reward ratio can make between 5% and 15% every month. Remember that you don’t need much money to begin started; $500 to $1,000 is usually plenty.
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