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Financial experts around the world have their own opinions of the forex market. Each will have different thoughts on forex trading, but are most likely to whole heartedly recommend it to anybody serious about investing. Since there are so many pros as compared to cons with the forex market, proper investing will almost certainly net a dedicated trader a profit. Though these finance professionals will have their own views on why it is a good method of investing, they will all agree on a few key benefits of the foreign exchange market. What are some of the appealing factors of forex? The Liquid Forex Market The forex market is the most fluid market in the world. There is only one commodity traded on the forex market; cash. Every nation in the world deals with one form of money or another, so there is always a demand for this asset. Deals are rarely drawn out, taking longer than they should to complete. Since forex is a worldwide market, there will always be somebody willing to trade with you. Even if the economy of a country is failing, you will still find someone willing to make you a trade. Lack of Commission Fees in Forex Market Trading Unlike stock or future trading, the forex market has few, if any, commissions. What does this entail? It means middlemen don't eat into your profits, allowing you to keep a larger portion of the money you earn. Unlike stocks, online forex investors don't have to give part of their money to brokers because there are no brokers to deal with. Forex investors are in charge of their own investments, not a licensed broker. Along with the absence of commissions, profits from the forex market are not taxed. Since no single government owns the forex market, they have no right to impose fees on profits made. Trading Forex Market is Much Like a Part Time Job Although a few investors are knowledgeable and dedicated enough to make a decent living off the forex market, most investors make their trades in the evening after work. Since the forex market is open 24 hours a day, a trader has the ability to set their own schedule as to when they wish to make trades. Banks around the world are always opening and closing, so there is always a customer to deal with. The ability to make forex a part time job draws many investors hoping to earn extra cash. Forex Market is Immune to Economic Recessions Forex, unlike any other market or business, is immune to economic surges and declines. The only
commodity dealt with in the forex market is money. Profits are made from fluctuations in exchange rates, not the actual value of a currency. Since the value of a currency is relative from one currency to another, the actual value has little influence on the potential for profit. The foreign exchange market is not affected by recession. A crashing market will devastate a stock investor, but create opportunity for a forex investor.
Peter Flemming is a professional Forex Trader and is a staff writer for a forex trading education website about learning forex trading and trading education. Download a copy of our free forex ebook today! You may republish this article on the condition that it is not edited and all html links to our website are kept intact. TradingProfits.org Š All Rights Reserved.
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