WHAT IS FOREX & WHY IS IT SUITABLE FOR EVERYONE?

Forex (Foreign Exchange) is the fastest-growing foreign currency exchange market in the world. Traditionally, it is a platform where governments, businesses, investors, tourists, and other interested parties exchange currencies with each other.

There are sellers and there are buyers. This foreign exchange market takes place over the counter (OTC), which means no exchange center, no bourse. Traders are connected to each other regardless of time via phone, fax, and computer.

Over the past 2 decades, the forex market has opened up to individual traders and this has exploded the popularity of the forex market worldwide. In 2019, the Bank of International Settlements (BIS) reported USD 6.6 trillion a day.

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Factors that makes forex suitable:

There are several factors which makes forex suitable for everyone:

🔘 No fees are charged whether clearing fees, exchange fees, employment fees .

🔘 Low transaction costs. There are many brokers that offer low spread value differences between bid and ask.

🔘 A 24-hour active market that allows you to trade after hours.

🔘 Leverage that can help you trade larger than the original capital. But without good risk management, high leverage can lead to huge losses in trading.

🔘 Risk Management: If you are playing with proper risk management then forex is one of best platform who will help you to achieve your success.

🔘 Finally, learning resources are very easy to obtain either by paid or free.


Next Topics:









What is orders 


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