Advantages of Forex Trading

Forex trading has so many advantages over other online businesses, some of these advantages are:

1. The increase in Forex traders does not affect your profit potential unlike in other businesses where there is competition once more people are involved.
2. The Forex market is open 24 hours a day with the exception of Saturdays and Sundays.
3. You can trade foreign currencies from the comfort of your home, once you have a computer and a fast internet connection you can trade Forex from anywhere.
4. Leverage: This helps to control a huge amount of money with little amounts. In Forex there are leverages from 1:1 to 1:100. When you use 1:1 leverage, you are using one dollar or your account balance to control one dollar in the market, likewise when you use a leverage of 1:500, you are using one dollar of your account to control 500 dollars in the market. The higher the leverage the higher your profit per trade, also note that it will also increase your loss.
5. You can make profits from both a rising and a falling market, this is unlike in the stock market where you can make profits only in a rising market.

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