Forex trading is the real-time buying of one currency and the selling of another. Currencies are traded through a negotiator or dealer, and are traded in pairs; for example the Euro dollar and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).There are several benefits and advantages to trade in Forex. These are some reasons why lot of people are choosing this process of trading.The transaction costs are low. The retail transaction cost is usually less than 0.1 percent under average market circumstances. At generously proportioned dealers, the spread could be as low as .07 percent. Evidently this depends on your influence. There are no commissions, no clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are remunerated for their services through something called the bid-ask spread.There are no middlemen. Spot currency trading eliminate the middlemen, and lets you you to trade directly with the market accountable for the pricing on a meticulous currency pair.There is no fixed lot size. In the Futures markets, lot or agreement sizes are determined by the exchanges. A benchmark-size contract for silver futures is 5000 ounces. In spot Forex, it is you who determines the lot size. This makes sure that the traders can even participate with accounts as small as $250.FOREX is a 24-hour market. There is no opening or closing bell from Sunday evening to Friday afternoon Eastern Standard Time, the Forex market never sleeps. This is remarkable for part-time traders, as you can choose your time for trading with all your comfort.No one can corner the market. The FOREX market is gigantic and has numerous participants that no single entity can control the market price for an extended period of time.
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