If you've contemplated trading forex but aren't sure whether it's for you or not, read on. Here's the lowdown on why trading forex is better than trading any other market…. The forex market is an exciting place to be. Four reasons to trade forex Benefit 1: The forex market gives you the opportunity to profit day and night The forex market operates 24 hours a day, five days a week, throughout the year. In contrast, most stock markets operate for only eight hours a day. It allows you to take positions before the news details are fully-factored into the exchange rates.
Forex trading can be conducted at a location best-suited and most convenient for you. The forex market has the lowest transaction fees The forex market only charges the bid-offer spread to execute your trade. This makes the forex market the cheapest financial market to trade. With shares, on the other hand, every time a share is traded, the broker, the stock exchange, clearing house and even the tax man charges you for the transaction. Forex trading is simple When trading forex, you only need to study a few currencies.
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