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Why Trade Forex ? Advantages Of Forex Trading

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Why Trade Forex ? Advantages Of Forex Trading

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  1. Forex, also known as foreign exchange, FX or currency trading, is a decentralized global market where all the world's currencies trade.  Why Trade Forex: Advantages Of Forex Trading

  2. No commissions • No clearing fees, no exchange fees, no government fees, no brokerage fees. Most retail brokers are compensated for their services through something called the “bid/ask spread“.

  3. No middlemen • Spot currency trading eliminates the middlemen and allows you to trade directly with the market responsible for the pricing on a particular currency pair.

  4. No fixed lot size • In the futures markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In spot forex, you determine your own lot, or position size. • This allows traders to participate with accounts as small as $25 (although we’ll explain later why a $25 account is a bad idea).

  5. Low transaction costs • The retail transaction cost (the bid/ask spread) is typically less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage and all will be explained later.

  6. A 24-hour market • There is no waiting for the opening bell. From the Monday morning opening in Australia to the afternoon close in New York, the forex market never sleeps. • This is awesome for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.

  7. At Axis Forex Online Forex Online: With Axis Forex online send money in 100+ currencies to any bank account in the world. Buy forex card and go cashless across the globe

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