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27.01.2010 Post in World Economy
It is of no secret, that Forex is the largest financial market in the world, the tempo of its development leaves no chance to the rivals over the globe. Forex helps thousands of people earn much money without any breaks and days-off. The point is that currency markets have multiple advantages over other markets.
The general benefits are its high liquidity, loyal prices and wide accessibility. Forex market is not a roulette game; without days-off, pauses and intermediates, Forex daily proves its profitability and success to the whole world.
In a short period of time, it is possible to earn considerable sums of money at Forex market. Evidently, this result is achieved due to the high volatility of currency pairs. Sometimes a currency pair can move by hundreds of points within several days only. But, being overwhelmed by the pursuit of money, it is necessary to remember about high risks.
Day by day, Forex market has about three billions of dollars in turnover. The most significant indicator of the liquidity is traders and buyers’ constant being on the market, they are following all market trends attentively.
Moreover, important Forex constituent is the absence of sharp and unpredictable changes on the market, even if the entire world is in panic with the currency changes.
It is understood, that currency will be sold and bought always; in this case, Forex will be opened for everybody, who tends to gain profit, non-stop. Every person knows, that when Asian session ends, European begins and so on, until it will go around the globe, attracting more and more people, reinforcing he leader positions.
Many are attracted to Forex market not only by the high cost of currency operations. Forex does not require any commission payments; there is a fixed market spread. Spread is a difference between ask and bid price, due to it the transaction cost is maximally lowered, in comparison with other markets.
Certainly, it is necessary to consider the fact, that money is the product at currency market Forex. And this excludes any shipping costs absolutely, because of the absence of the physical condition; this is another advantage, which makes Forex market with no days- off even more popular.
At first sight, the restrictions deficiency can even confuse. However, at international currency market there is one law, which is a law of supply and demand, or the simplest business law. At the same time, the majority of audit chambers and exchanges have numerous restrictions. The result of this is the absolute freedom for business development and goals achievement.
Forex, which is working without days-off, shows a marginality principle, working at its best. Due to marginality principle, each trader, even with the smallest capital, has an opportunity to earn a significantly bigger sum, since he has a possibility to make transactions, which are the most profitable for him.
Thus, if the operation has turned to be the most successful for somebody, this gives the chance to increase the initial capital sum within a few minutes. At Forex, both short-term and long-term positions are accessible, besides, it is not necessary, that the currency, which was invested, remained the same.
Now it is possible to make a conclusion: international currency market Forex, undoubtedly, has numerous advantages, due to which absolutely every interested person can become a trader. No matter where the person works, Forex market, daily and without days-off and breaks, gives a chance to everybody to work and get profit.
Added by Dmitry Golynski,
InstaForex Development manager