Forex trading in Cambodia seems to be very young for Cambodians. So before you decide to invest or trade on Forex, find out about it first.
What is Forex Trading?
Forex is from the full Forex is short for "foreign exchange," or trading of currencies against each other or "foreign exchange". Forex Trading is a trading currency against each other. The forex market is the largest market in the world, but the stock gets all the news. Did you know that the world's stock markets included only about $ 85 billion a day trade? Compared to $ 5 trillion in average daily life, both the exchange market both market and futures markets.
But why should you trade Forex in the real money market? Forex trading is becoming more popular because it offers many different advantages over stock options and futures. Here are five main reasons to consider FOREX trading:
1. It is an actual market of 27/7
Forex is the world market and is open 24 hours a day and throughout the week. This is perfect for traders with flexible schedules or for those who can make a part time profitably change.
2. Cash is easy
Since the exchange has a multi-billion dollar market with overtime, there is almost no gaps that can reduce the gap between day and day trading. It's easy to go in and out, whether it's day or night.
3. You can do it short
Nowadays, there are many restrictions imposed on stock trading rules of establishment for one.
With forex there is no limit on the currency you trade. You can trade long term or short as you want, or you can make it shorter.
4. Reduce trading costs
Most forex accounts are free. Plus, there is no change in the data or fee. The only expenditure you have as a Forex trader is the spread or difference between the tender and the query that is always visible to you. It makes Forex trading much cheaper than stock options and futures.
5. Leverage
Because the Forex market is so muddy, the middleman will extend you to a significant influence - up to 50: 1 and even higher than the United States. However, using both power in both ways. Pomegranate and easy as you can increase your profits, you can also suffer immediate losses. That's why you need to learn a comprehensive trading method.