Reasons why forex trading is so popular

[HOLA]

First, it may be necessary to explain the nature of forex trading. Forex trading, also known as currency trading, foreign exchange trading, or FX trading, refers to the largest financial investment market in the world. It is a fully electronic market, with an average daily turnover of $15 trillion. This fluctuating capital volume surpasses that of stock and commodity markets. Forex trading involves the simultaneous buying of one currency and selling of another currency. If a forex trader believes that the euro currency will weaken against the US dollar, they will sell EUR/USD. In foreign exchange trading, the stronger currency is listed first, which is currently the euro currency (EUR).
The first reason that makes forex trading extremely popular is the ease and accuracy of trading. Forex trading follows the sun across the globe, allowing investors to trade according to their own schedule 24 hours a day from their own convenient computers. Most forex trading platforms offer free real-time prices, charts, and news to facilitate forex trading. Many also offer free practice accounts for forex trading, so that investors can learn forex trading without any risk. Visit and open a demo account for forex trading education, which usually offers $50,000 in virtual stocks and 30 days to practice forex trading.

The second reason behind the popularity of foreign exchange trading is the low trading costs. Many foreign exchange trading companies do not charge any commissions. The foreign exchange trading company and broker are compensated through the spread, which is the difference between the bid and ask prices. For example, the spread for the EUR/USD pair may be 3 pips, which is equivalent to $30. An investor benefits from $100,000 of EUR/USD at an overall transaction cost of $30.

 

[Mary Frederick]

Forex offers flexibility and freedom. Develop low risk-tendency because it will carry a good fortune for you.This trading type keeps a trader apart from trading risk and you can compare this type of trading with scalping as the trade is closed in the span of the day. For all types of trading, Eurotrader is the perfect choice.

 

[FXOchartist]

I know forex already more than nine or ten years ago and sticks trading using FXOpen broker, first time knows forex from the general forums about making money online, there are so many forums a few years ago most of them had subforums about forex, and the internet has a high role to the forex become more popular, the first trading platform I use is Streamster from Marketiva, but now I use MT4 and TickTrader platform.

Forex trading until now still become a potential business to earn money, although the risk is also high, in addition at present millions or billions gadgets spread around the world make forex become so popular

 

[Jack Reacher]

Forex can deliver a trader large amount of profit per day. A forex trader should be passionate, enthusiast and dedicated. He must belong to learning attitude. He must take lesson from every single mistake. Eurotrader provides traders narrow trading spread and high leverage along with handsome amount of deposit bonus.