Advantages of Forex Compared to Other Trading Types – Forex trading is currently the most preferred investment and trading activity by traders. Because forex is considered easier and provides more promising profits when compared to other trading activities.
In addition, there are also many advantages of forex trading that will make you feel satisfied and comfortable when trading in it, so that trading activities will not feel boring.
What are the advantages of forex when compared to other investment instruments such as stock trading or mutual funds? Let’s see the difference.
1. Forex Is Very Flexible
If in the past forex transactions had to be done by exchanging paper money at a money changer, and of course that was very troublesome, wasn’t it?.
now Forex trading activities do not have to be like that. Because now forex trading has transformed into a much better and simpler way online through your cellphone, you can directly connect to the global forex market.
So to be able to start trading forex you only need a cellphone or computer that is connected to the internet.
2. Forex Has Two Way Trading Advantages
Forex trading provides two-way trading benefits for its traders. So whether you buy or sell positions, they both have tremendous profit potential.
In contrast to other forms of transactions or other investments that can only benefit in one direction, namely buy.
Because forex trading can make traders profitable in various market conditions. Whether it’s when the market is down or up. With the buy and sell features, you can make two transactions at once which will allow you to receive profits in every market condition.
3. Forex market is open 24 hours
The forex market is always open 24 hours 5 days a week.
The forex market is different from the investment market in general, because in the forex market you can carry out various trading activities for one full day or 24 hours.
4. Forex Trading Can Be Done With Small Capital
In Forex Trading, to achieve profits of up to tens of millions per month can be done with only a small amount of capital. So for those of you who want to start a forex business, you don’t need to be confused about looking for capital. Because you can start trading forex with a capital of only IDR 500,000. Even hope some brokers