Top 5 Benefits of Forex Trading by Alan Solarsh Forex is the world's largest financial market for trading all currencies and is the marketplace for all world currencies. Trading forex offers many benefits, including convenient market hours, high liquidity, and the ability to trade on margin, according to Alan Solarsh. Continue reading to learn about the top five benefits of forex trading.
Ability to go long or go short Even though derivatives, such as CFDs, can be used to short other markets, short selling is intrinsic to trading forex. After all, you are always selling one currency to buy another. A forex pair's price is how much one unit of the base currency is worth in the quote currency. Forex market hours Foreign exchange markets are open 24 hours a day, five days a week - forex can be traded from 9 pm Sunday to 10 pm Friday (GMT). Over-the-counter (OTC) forex transactions occur between parties directly, rather than through a central exchange, which is why the hours are so long. Because forex is a truly global market, you can always take advantage of different active sessions' forex trading offers. High liquidity in the forex FX is the most liquid market in the world, meaning there are a large number of buyers and sellers trying to make a deal at any time. Individuals, companies, and banks convert more than $5 trillion worth of currency every day, and the vast majority of this activity is meant to make a profit. Forex volatility A high volume of currency trades each day results in billions of dollars being traded every minute, which makes some currencies extremely volatile. Profits can be made by speculating on price movements either upwards or downwards. Volatility is a double-edged sword, however; the market can quickly turn against you, so it is important to use risk-management tools to limit your exposure. Trade a wide range of currency pairs Forex trading allows you to trade a wide variety of currency pairs based on global events and the relative strength of major and minor economies, according to Alan Solarsh. You can attend Alan Solarsh’s free forex course by http://learntoreadaforexchart.com/ Join our daily classes on Telegram: https://t.me/learn_to_read_charts
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