Forex
trading also known as Forex, Foreign exchange or FX is the exchange
of one currency to another at agreed price on over the counter
market. It won’t be wrong to say that Forex is the world’s most
traded market with a huge turnover daily.
Forex
trading is the act of buying one currency and selling another for the
purpose of speculation. It is one of the best market worldwide where
you can garner huge profits in one go, by making a wise decision.
Here are few advantages.
- 24-Hour Forex Trading
The
top most key element behind immense popularity of forex is that the
market is opened 24 hours a day from Sunday evening to Friday’s
night. According to trading pro, Barry Sendach, trading
follows the clock and traders can take a position whenever they want,
regardless of time. Thus this sector is best to earn huge amount.
- Leverage
Foreign
Exchange is a leveraged product which means that you have to deposit
a small percentage of your full value which implies that potential
for profit or loss from capital amount is significantly higher than
traditional one.
- Pricing
Actually
Forex is quoted in terms of one currency versus another. One is known
as base currency while other is known as counter currency. As per the
trading pro, Barry Sendach, on left side base currency is
written while on right you will find counter currency.
- Pips (Percentage in Points)
In
the Forex market, the value of currency is given in pips.
One
pip is the smallest price change that an exchange rate can make
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