As you have understood the simple basics of Forex trading, you should consider whether to trade in Forex or you a should spend your money and time in Stock Market. It is important that you not only remember the size of Forex, which is, comparing to Stock Market, the size of a big crocodile.You should also know about the benefits and cutting-edge features of Forex which have made it more universal for competitive financial market trading.
Benefits of forex trading
No extra fees: As you have known about the stock market trading, you have to give taxes to the government. There are some certain fees about trading into certain company’s and also there are clearing fees and brokerage fees. You will find yourself in a bottomless basket in other markets, your earnings will be excluded by many fees. One of the main reason Forex is so much popular is that, because of the exclusion of such fees. There are no brokerage fees, no government taxes, no clearings and exchange fees in Forex trading or whatsoever.
No liaison in Forex
In forex, middlemen do not exist. You are direct buyer and seller of your trading process. Forex gives you complete control over your trade.
No limitation in lot size
The size of a forex lot is not limited. You can start your trading even in the trillion dollars Forex market with your small 10-dollar account also.
The benefit of interchangeability
One of the most expected edges of Forex remains in its liquidity. The possibility to convert the profit into cash easily. You will never have to wait for a trade to open as you have the position to buy and sell from your computer. This market is also gigantic, giving it the position that you will never be attached to a trade.Learn the art of trading by accessing our forex course here.
Low processing cost
Compare to the other market of stock exchange, you will find that the fees for processing forex trading are very minimum. This low fees of Forex attract billions of buyers and sellers all around the globe, which ultimately resulted in a trillion dollar market bigger than stock exchange.
A 24/7 Market
Forex market is always online, going in full swing. It does not rest like other markets, nor it does have a break time. The market is always online. Anyone can access it from anywhere in anytime. Forex market is always trading and processing trades of billions of buyers and sellers.
Independent market Force
Forex is an independent market. Its size is so large it is not possible for anyone or any company of any world to control the market. It is speeded worldwide like a giant web of the trading process.
Power to the Trader
Forex trading gives the ultimate power to the trader. He can decide at what amount to sell his bids to make a profit and even can take steps to minimum his risks to stop losing money. A trader can also automatically close his trade once it’s reached a certain point to make a profit or to stop losing money. Forex gives the trader the choice to control his trade.