Opportunities that Can be Achieved from Forex Trading – For cloud people, they must be a little confused with the word forex, forex is the abbreviation of foreign exchange, which means the exchange rate between one currency and another.
The Forex value can change at any time depending on the mechanisms on the market, buy and sell.
Let’s discuss the benefits or advantages of forex trading.
# 1 Big and Unlimited Profit Opportunities
Simply put, forex investing promises huge and unlimited profit opportunities.
Unlimited profit! Who doesn’t want to.
Forex traders have frequent opportunities to take advantage of price fluctuations due to the high volume of trading activity and the large number of buyers and sellers in the market.
In FX prices are influenced by macroeconomic data such as decisions made by central banks which make speculating on market prices relatively easy compared to equity markets.
In forex you only need to evaluate whether one country’s currency will be worth more or less than the currency of another country.
# 2 Advantages of 2-Way Trading
By taking advantage of market movements, you have the opportunity to get profit opportunities both in rising and falling market conditions.
In a rising market, you get the opportunity by buying at a low price, then selling at a high price. This is known as a buy or long transaction.
However, when market conditions go down, you can also sell at a high price and then buy it when the price drops. This transaction is called a sell / sell transaction, or short.
This 2-way advantage distinguishes transactions on the stock exchange from forex trading because short selling is prohibited in stock transactions, while forex trading is allowed.
# 3 Fast, Easy, Can Be Done Anytime and Anywhere
It’s easy enough even for novice investors because you only need a laptop or smartphone and a stable internet connection to start trading Forex. Increasingly sophisticated software support allows you to execute trades almost instantly, whenever you see an opportunity.
With active trading hours for 5 days a week, you can trade from anywhere and anytime, without having to travel or contact intermediaries.
You can do a demo in advance with an online demo account at the chosen broker to ensure that you become more familiar and can run in reality after finishing with a demo account at the broker.
Demo is also a way to give an feeling whether forex investment is in accordance with your risk appetite. In the demo account, you do not lose and experience failures during the walk with the demo.
Also Read :The Day Tranding Stopped Running forex
# 4 Flexible Trading Times
In time, in contrast to stock trading which has a time limit, forex trading, for example for USD trading, runs 24 hours a day.
In other words, forex trading can be done on the sidelines of a lunch break, you don’t have to wait a long time, for example after office hours.
Especially with Fintech technology, mobile trading is easier to do. The mobile application makes trading time available at any time.
# 5 Affordable Capital
In terms of capital, how much capital is needed to start Forex transactions?
To start trading forex in Indonesia, you don’t need big capital.
With a trading capital of IDR 5 million, you can start trading forex. Of course you don’t need to set a large income target from forex trading with relatively affordable capital.
With a profit of 10% per month, forex trading can certainly add significantly to your monthly income. For example, if you have a capital of IDR 20 million for trading, try to calculate how much profit is 10% per month. Not quite a number, right?
However, trading is a risky option, with the potential for making a large profit. The risk factor in trading is proportional to the potential profit that can be achieved.
Therefore, if you want to be a successful and successful trader because you are tempted by the lucrative forex trading profit, please study the tips below.