what is the basics you should know for the Forex trading

what are the basics you should know for the Forex trading
what are the basics you should know for the forex trading

Forex has been just like waves ride with record-breaking ups and downs. The Global currency trading is dominating news and headlines but what does it mean what you should need to know before get on Board

First of all, Foreign exchange is a high amount of risk including the risk of lose money Any investment its important to understand.in foreign exchange should involve only risk capital and you should never trade with money that you cannot afford to lose money.

Forex in a nutshell
The Forex market is the Biggest financial market on Global. Its average daily trading volume is more than $3.2 trillion. Compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. In fact, if you were to put ALL of the world's equity and futures markets together, their combined trading volume would only equal a QUARTER of the Forex market. Why is size important? Because there are so many buyers and sellers that transaction prices are kept down. If you're wondering how trading the Forex market is different then trading stocks, here are a few major benefits.

  1. Many firms don't charge commissions – you pay only the bid/to ask spreads.
  2. There's 24-hour trading – you dictate when to trade and how to trade.
  3. You can trade on leverage, but this can magnify potential gains and losses.
  4. You can focus on picking from a few currencies rather than from 5000 stocks.
  5. Forex is accessible – you don’t need a lot of money to get started.

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