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Thread: Advantages to Foreign Currency Trading

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    Default Advantages to Foreign Currency Trading

    Do you want to get into foreign currency trading, but arent sure how it can benefit you? There are many advantages to foreign currency trading. First, in the last few years, the spread rates have tightened a lot. Most of the online FOREX brokers today will offer you a five pips spread on EUR/USD. This is the most widely traded currency pair.
    Another wonderful advantage is that the currency trading market is open 24 hours a day. There is no limit up or down on how many transactions a trader can make. This allows the currency trader to implement his trading strategy to the fullest. Also, the trader can control the volatility of the market by protecting his position with stop-loss orders.

    The next advantage is that you can sell before you buy when you are trading currencies. A trader doesnt have the liquidity to sell currency before he buys it. This means that when you are selling one currency, you are also buying another.

    One good thing in the currency trading market, unlike stock trading, there is no restrictions on short selling. Regardless if a trader is long or short or which way the market moves, there is a potential for profit. This means that there is an equal opportunity to profit during a rising or falling market.

    All of these advantages make investing in currency trading a very lucrative investment. With all of these advantages, how can you not invest in foreign currency trading? What are you waiting for? Begin trading currency today.
    by refresharticle.com

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    well im just a beginner?
    can u give some reference sites
    where i can get some valuable info on the actual trading
    im based in india.
    what opporunities do i have with so little a experience?

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    Director of FXOpen Aus FXOjafar's Avatar
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    Default

    Quote Originally Posted by sango View Post
    well im just a beginner?
    can u give some reference sites
    where i can get some valuable info on the actual trading
    im based in india.
    what opporunities do i have with so little a experience?
    Please have a look at what fxinstructor is offering. It's very good training for beginners.
    http://fxopen.com/ForexEducation.aspx
    Jafar Calley - Director
    FXOpen AU Pty Ltd
    Level 26 • 1 Bligh Street
    Sydney NSW 2000
    Australia
    AFSL:412871 ABN:61 143 678 719
    http://www.fxopenaus.com

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    what is current position of GBP/JPY?

  5. #5
    seahawks90
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    forex have a lot of advantages like we can earn foreign currency here and you can trade 24x5, so you can do the trading whenever you want whether its 2 AM or whether its 2 PM.

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    Market Maker cool user
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    Default

    The advantages of trading in foreign currency market is huge and one of the highlighted point is the huge potential for earning with relatively low set up cost.

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    business profits of foreign currency it can be perceived by the forex traders who do this business if it is felt consistently profit but to achieve it requires the trader to be able to learn and understand forex business is first properly so that it will succeed in getting benefits in the future.

  8. #8
    seahawks90
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    its true and i agree with @puji that to earn in this business a person must have to be knowledgeable and he must have some good skills because this field is full of profits and losses so its always depends upon the trader.

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