₦airaland Forum

Idy179:
pls share the strategy you use in scalping...thanks

mcqwerty:
The Forex market (Foreign exchange) market has been around for over a decade now and it has come to stay. A market that operates regardless of a physical exchange but through the interconnectivity and transaction between big financial powerhouses of the world; this market has grown to be the biggest single financial hub to gross a daily transaction exchange of five trillion dollar ($5tr) daily. No doubt fortunes are made and lost but the fact remains its one of the most “efficient” market and it has witnessed investors from every part of the globe trooping in to get a cut of the slice of the pie.
This article highlights about ten of the key reasons why most investors are attracted to the Forex market and why it is perceived as being better than the Stock exchange.

1. Speed of trade execution- With the lightning speed of the internet, you can place a trade at a specified price and get your market order filled at that price instantly within a split second! In stocks, you will wait to get a fill and that’s when you have a seller available to sell to you. In some cases, to purchase a stock, you wait a whole day or days to get a fill from your broker. Of course, the price would have changed since the last time.

2. 24/5 market availability- The Forex market is open twenty-four (24) hours from Monday to Friday night. Unlike stock markets that open at 9am and close at 4pm or 5pm as the case maybe, the Forex market is available to be traded even if you hold a day job and prefer to use your evenings to trade.

3. No commissions: Commissions are the fee you pay a broker for a transaction either you are buying a stock or selling a currency pair. In the Forex scene, it is referred to as “spread”, which is the difference in the buying and selling price of a currency pair. These spreads are charged on trade-by-trade basis and not until when you have concluded you are trading for the month then a broker charges you all the commission for the month which comes out of your earnings. In Forex, when you place a trade, the spread is deducted instantly, and your trade temporarily goes against you, but as the market goes in your direction you cover your spread and then you are in the money.
4. High liquidity- The Forex market is a beehive of opportunity every opening moment. Billions of dollars move in and out of the market. Liquidity is the rate at which an asset or security can facilitate exchange without putting pressure on the state of the market adversely. The Forex market makes an average turnover of 5 trillion dollars which is more than enough to go round for the participants.

To read more about 10+ Reasons why trading Forex market is better than stocks, go to [url]/p4uEsS-1s[/url]

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