Lesson No 13
There are many reasons for a powerful currency in forex market. US Dollar is so strong for the following reasons:
America has world's biggest economy.
All countries' reserves are in US Dollars.
Political system of America is very stable.
America has world's largest Army
All countries do trade in dollar
Dollar is an International Currency. etc etc
What are the benefits of Forex Trading:
Lesson No 14
All of you know that we do any business in which we have any benefits, so there is a question that what the benefits of forex trading?. In this lesson we will discuss about the benefits of forex trading.
No Commission: There is no commission, no broker fee, no government fee and no exchange fee in forex trading, however the difference between buy and sell price is received by broker.
No Middle Man: In forex trading you have direct access to the software/platform provided by the broker and you can do trading independently without the interruption of any body.
Trading Size: In forex you can select size of your trade according to your available capital, this size is called volume or lot size in forex trading.
24 Hours Trading: As we have discussed that forex market remains open for 24 hours a day and 5 days a week. Its opens on Monday at 08:00 AM Australia time and remains open till Friday evening New York Time. So you can work at any time from any place i.e your office or home. Almost all brokers have their mobile apps so even you can control your trade during your journey when you are away from your laptop and computers but you cell phones are available.
No Individual Can Control Forex Market: Sometimes we heard news about our regional stock exchanges that any particular business or group of businesses have controlled the market and turned it in their favour, but it is almost impossible in case of Forex market. Reasons are that first of all it has almost 5 trillion dollars liquidity on daily basis and there is no business who can control such a large equity or even 50% of this amount. On the other hands even banks or even countries cannot control this market because if one country is trying to control this market there are many others who have their interests in this market and they will fully respond to this attempt so keeping in view this response and possible loss no country tries to control this market.
