Currency trading ? buying and selling currency ? in the foreign exchange market is a 5 trillion trading volume market which is sixty times larger than the New York Stock Exchange.If that?s not reason enough, investing in forex investment ensures high liquidity and returns. It also can be extensively leveraged with only a small initial investment. Unlike the stock market, it is open 24 hours a day and can be traded at the convenience of your home without disrupting your day job.While stock traders and investors make double digit annualized returns, forex traders make double of that on a monthly basis which makes it high yielding.
The stock market has a thousand different stocks to trade on while the forex revolves around eight major currencies. It makes the currency market a less complex place to trade in.
Liquidity And Size
Daily trades account for enormous volumes making it the most liquid market in the world and therefore is large in size too. This ensures that no one can corner the market, even banks. Banks find it hard to have enough pull to control the market which makes it easy for traders to make large moves.
Using technical analysis like charts and trends are more than enough to trade, thereby making it a zero brokerage trading. There are options of using broker services but to a large extent it can be carried out individually.
All trades are carried out using borrowed money which allows the traders to take advantage of this leverage margin. Hence, if a trade of $1000 is being carried out, an amount as small as 2-5 dollars needs to be set aside as security deposit. This guarantees that all traders leverage even the smallest movements in currencies by being in control of more money than they have in their account.
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