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Forex (foreign exchange) or currency trading is a global market with high liquid and trading volume. Online forex market has its unique advantages over other markets.
- It’s 24/5 hour market:
- Trading will happen based on market opening times in the world. As long as markets opens trade continuous. Trade start in the U.S where major markets open in Sydney Australia at 5 p.m. On Sunday it follows Easter time. Trade ending time is the last major market, in New York, closed on Friday at 5 p.m. As long as markets opens trade continuous. Trade start in the U.S where major markets open in Sydney Australia at 5 p.m. On Sunday it follows Easter time. Trade ending time is the last major market, in New York, closed on Friday at 5 p.m
- High Liquidity:
- It means ability to be quickly converted into cash.
- Transaction costs are low:
- Cost of transaction built in the form of spread in forex market. Spreads are measured in pips. For example: bid price was 1.3355 and the ask price was 1.3358, the spread transaction was 3 pip. Broker may also charge a commission based on a percentage of the amount of the transaction or a flat fee.
- Large amount of Leverage:
- Forex brokers will give the ability to trader for trading with high amount of money than what is actually in their accounts.
- Profit potential from rising and falling prices:
- In forex market, you can either buy currency pair if you think it’s going to increase its value or you can sell the currency pair if you think it’s going to decrease its value.
Looking for best Online Forex trading company
Fido markets are the online forex trading company based on UK and operated from India. Beginner or Experienced traders, both can trade with flexible trading condition like Tighter Spread, No commission charges, Leverage (1:100 to 1:1000), No swap Charges. Forex (foreign exchange) or currency trading is a global market with high liquid and trading volume. Online forex market has its unique advantages over other markets.
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