WHAT ARE THE ADVANTAGES OF FOREX?

Forex refers to the entirety of the international markets in which foreign exchange trading takes place, taking advantage of the exchange rate between the currency of one country and the currency of another country. Forex is an attractive market with a lot of advantages but if you are new to Forex, you can also experience losses from your money. Open a demo acoount before you start Forex to play it. Well, what are the advantages of Forex?

The World’s Largest Finance Market

Forex is the world’s largest financial market. Trading volume and speculation over 5,5 trillion dollars allow investors to take advantage of high volatility in a short period of time.

5 Days In The Week- 24 Hours Open Market

The Forex market is open 24 hours a week. The trading market begins with Sydney Australia and continues with Hong Kong, Singapore and Tokyo in Asia as the day progresses, followed by the European and American markets through the Middle East.

Zero Cost

There is no cost other than spreading trading in Forex with foreign currency. There are no costs, commissions, hidden fees or brokerage fees for the transaction. Commissions and transaction fees seen in almost all financial markets are not in the Forex market.

Accessibility

With Forex, you can start processing with an initial deposit of 100 dollars. In other financial markets, this amount is only enough to generate your Forex account, which you can pay for the account opening commission. This is the biggest advantage of Forex.

Forex provides many advantages to Forex users. Among the advantages of Forex, demo account is the most noticeable. You start Forex with a virtual money with this demo account. So you know beforehand how you can spend your money and you are already cautious. With these advantages, Forex is much more useful than other financial markets.