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Reasons why forex trading is so popular
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[QUOTE="HOLA, post: 308933, member: 97887"] [B]First[/B], 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. [B]The second reason [/B]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. [/QUOTE]
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