What is Traded on the Foreign Exchange (Forex)? Why Forex is So Popular Now?
The answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded in pairs through a broker or dealer, for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY) 라인사기.
Why FOREX? Why more and more people choose this market?
There are many benefits and advantages to trading Forex. The main reasons of this growing market are:
1. High Liquidity.
There is a huge trading volume daily in forex market, about 3 trillion dollars are traded everyday. This means that with a click of a mouse you can instantaneously buy and sell! You will not be caught in a trade waiting for transaction. You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).
2. It’s a 24 hour market
From Sunday evening to Friday afternoon EST, the Forex market never sleeps. You can choose when you want to trade–morning, noon or night.
3. Leverage/Margin Trading
Leverage gives trader the ability to make nice profits, and at the same time keep risk capital to a minimum. Eg, Forex brokers offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies.
4. Forex market not influence by anyone players, not even the central bank.
The market is si huge that no single entity or bank can control the market prices for extended period of time.