why is the Forex important

why is the Forex important

There are many benefits and benefits for trading in foreign exchange and we'll show you a few of the reasons why many people are choosing this market:

(1) There are no fees, no fees for services

There are no fees and no additional charges for services, not wages to open new accounts or wages government and taxes and commissions at all, companies are mediation compensated for their services that they provide through their access to spread or what is known as the difference between the purchase price and the selling price of the deal any difference in points between the pair currency shops in it.

(2) to get rid of additional brokerage

Currency Trading Instant rid of brokerage and allows direct interaction with customers relying on market pricing for a particular currency pair, which does not cost the merchant any costs at all.

(3) the cost of the deal is very low

The cost of the deal is just the difference between the purchase price and selling what is known Typically less than 0.01% under the terms of normal market so no matter how big deal difference

will not exceed the 0.07% for example, if traded on a pair Eurodollar long position you will pay Spread 2 points (cost deal).

(4) There is no fixed size to the size of the deal "croaker"

In the equity markets, you will find that the size of the transaction specific exchanges, which each hold size standard stock In exchange immediately, there is no fixed size of the deals and know the size of the deal with the word "Lot Lot" This allows traders participating accounts small, it can open a deal exceed 1000 paper currency and up to 100,000 sheets of currency.

(5) market is open 24 hours

Forex there is no waiting for the bell opening "as in the stock market," it is Sunday evening to Friday afternoon EST, market forex trading does not sleep, and this very desirable for those who want trading without restrictions by their time in other they can choose when trading - morning, noon or night