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2008-11-22 04:12:55
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Article by Jim Carlton |
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Forex market or foreign exchange market is a place where you can buy and sell different currencies. Buying and selling of currencies is handled by a Forex broker. Forex market is, in fact a global market that does not have one central office. Due to the advent of internet, it is now easy to start Forex trading. Forex online is a common method of trading currencies within the market.
When trading different currencies you make a lot of money on the fluctuations of exchange rates between currencies. Currencies fluctuate constantly against one another no matter what is the economic condition in individual countries. In short, Forex trading is a recession proof business. One of the most unique features of Forex market is that it offers a huge potential to all its customers, both companies and individual traders have equal opportunities in Forex trading. There are a number of advantages of trading Forex, which are given below:
Market works on its own:
People are under the impression that brokerage firms can modify the flow of currency. In reality Forex market is an independent international market that can be influenced by certain factors but definitely not by the wills (wants) of brokerage firms and traders
Trade Forex when you want and make your own Forex trading schedule:
You can trade 5 days a week and 24 hrs a day. It is open to small businesses, corporations, investment funds, commercial banks and private individuals. The major trading sessions in Asia, Europe and US allow you to trade whenever you want.
Big potential:
Benefits from high advantage are tremendous. Forex market is interesting for speculators as well for beginners. No experience whatsoever is required if you make use of a quality trading system.
Start up costs:
The start up costs needed to trade Forex as compared to other traditional businesses is extremely low. If you have a computer and an internet connection, you can trade from the confines of your home.
Trade from anywhere:
If you like travelling, then this is definitely a dream business for you. Just take a laptop and you will be able to trade Forex and earn money anywhere. You have complete freedom of location.
Forex is the most liquidated and the biggest market in the world
Overall volume of foreign exchange market is approximately $2 trillion. Almost all this amount involves trading of major currency pairs.
Trade in both bearish and bullish market:
In Forex market, you can trade in both the directions as compared to other markets. Many Forex trading firms allow you to open account with a minimum value of 100 USD.
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