Available 24 hours a day except on Sunday has the advantage of not sufferingslippage between purchase and sale, that is the price you see is the price you get.
The Forex market can trade at any time of day and this allows more time for testingstrategies and develop an expertise in less time.
Forex trading can be done easily from home through the various platformsprovided by the Broker. The advantage for non-professional traders and is not that there are no commissions or brokerage fees, but only the spread.
For the uninitiated, the spread is the difference between supply and demand formoney on a cross currency. The effect on the exchange is that the position beginsbetween 1 and 10 pips and may vary depending on the volatility of the crosscurrency.
A feature of the Forex market is the leverage that can be up to 400, 1 in a micro account. This means you can control 400 times the amount of money that is at riskin the exchange. This is called "leverage" and allows the opportunity to realizelarge profits or large losses in the account.
The first step before tackling the Forex market is to open a demo account.
Almost every forex broker offers the possibility of a free demo account to learn how to trade on Forex. The demo account can teach you the enforcement mechanismsof exchange, and give you the opportunity to develop and test your method.
When you have found a good workable strategy in the demo account, you can go to the real one as it should be able to get the same results.
The only difference between demo account and live account, lies in the fact that the exchange of real money is emotionally difficult for most people. However, if you spend your time testing the method on a demo account seriously, the transition to areal account in the Forex market can be relatively perfect.
The first step before tackling the Forex market is to open a demo account.
Almost every forex broker offers the possibility of a free demo account to learn how to trade on Forex. The demo account can teach you the enforcement mechanismsof exchange, and give you the opportunity to develop and test your method.
When you have found a good workable strategy in the demo account, you can go to the real one as it should be able to get the same results.
The only difference between demo account and live account, lies in the fact that the exchange of real money is emotionally difficult for most people. However, if you spend your time testing the method on a demo account seriously, the transition to areal account in the Forex market can be relatively perfect.
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The main features of the Forex market
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