WHAT IS CURRENCY TRADING?
Currency trading is also known as Forex trading. Forex stands for Forex Exchange Marketplace Wibest Forex Brokers List where people sell or purchase the currencies. The objective of people doing so is making a profit.
WHY PEOPLE ARE INTERESTED IN FOREX OR CURRENCY TRADING?
People are too much interested Wibest Broker Education in currency or Forex trading that they make their career in this. Forex trading is not easy. People need to properly study the Forex trading. Here are some reasons which show why people are very much interested in currency trading. They are listed below–>
- Robust liquidity
Liquidity in terms of Forex trading means how much easily you can trade. Since the Forex market is global hence people from all over the world trade here. So, liquidity is the easiness of trading. It is easy to trade in the Forex market as it is less costly.
- 24- hours available
The Forex trading is available 24/7, 24 hours in a day and seven days a week. People can trade according to their schedule because Forex trading is open all the time. It is beneficial also for beginners.
- Substantial leverage
Here substantial leverage means a trader can borrow a certain amount of money from the other person to invest in a trade which is worth it.
ADVANTAGES OF THE CURRENCY TRADING
Here are some advantages of currency trading. They are listed below–>
- The Forex market is available for 24 hours.
- The Forex market has high liquidity.
- The cost of transactions is low.
- It allows people to go for low leverage.
DISADVANTAGES OF THE CURRENCY TRADING
Here are some disadvantages of currency trading. They are listed below–>
- Risk factors are involved in high leverage.
- The process of price determination is complex.
- High volatility.