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Why Trade Forex: All around Forex Trading


It is widely known that forex is the most traded market in the world so once someone understands its benefits, it will become easier to understand why they need to trade forex, too. To start with, forex trading occurs even when the sun goes down, in contrast to other markets. Forex is traded all around the globe, therefore, the forex market is open 24 hours a day, 5 days a week. This allows you to trade at your own convenience.

There are no commissions or extra costs. Most brokers include the extra costs of trading in the spread, so there are no added fees or commissions. This way traders know exactly how much their trades cost.

Forex trading involves trading with leverage, which allows you to take a position in the market with a fraction of the money you would normally need. However, leverage also brings losses, so you always need to understand the risks involved. $5.1 trillion are traded per day, making forex the most liquid market in the world. Liquidity makes prices more actionable and gives traders the ability to respond to currency fluctuations with great immediacy. There is easy access to markets worldwide. Aside from the most popular currencies, in which most trading is done, traders also have access to other emerging currencies including MXN and PLN.

How to trade Forex – 4 easy steps

There are 4 easy steps to making your first forex trade:

Benefits of a 24-hour market

This never-ending market means that trading week begins on Monday morning in Australia, then moving west where the world’s major capital markets open and close from Tokyo to London, and eventually closes on Friday evening in New York.Unique benefits:

Keep in mind that Forex trading involves a significant amount of risk. Research well and find the market that suits you and your trading needs the best.

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