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Part 1- An Introduction To Forex Trading – (226 Words)
Part 2- Why Get Involved In Forex Trading? – (226 Words)
Part 3- The Advantages Of Forex Trading – (290 Words)
Part 4- Analyzing Your Forex Strategies – (230 Words)
Part 5- Choosing The Best Forex Strategy – (267 Words)
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There are many different advantages when it comes to trading forex instead of futures or stocks. The advantages are what makes this type of trading so popular. The advantages are many but I will name a few to get you on the right track. This is also why so many people get into it in the first place. It has a lower margin except that you have the ability to control a large amount of the currency with little money put out. but, the margin needs for trading futures are usually around 5% of the full value.
It is much cheaper cause there is no commission or fees. When you trade in futures, you have to pay exchange and brokerage fees. That is not the case with trading forex. This is far better for you. Currency trading is a worldwide bank to bank market that lets buyers and sellers get matched right away. With futures and stocks, you could wind up spending an arm and a leg. Why not go the cheaper and more lucrative route.
When you are trading futures, you can end up risking quite a bit of money. For example, in October pumpkins often go up, but what if there is a economic problem that changes that? You would not have been able to leave your position and this could have wiped out the entire equity in your account as a result of that one problem. This doesn’t happen with forex trading as you are dealing with currency the basic cost of the currency doesn’t really change it only goes up in value or down but not enough to bottom out.
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