Advantages of Becoming a Forex Trader

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Forex Rates
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Four Key Advantages of Becoming a Forex Trader
The foreign exchange market or the Forex market
can be defined as a globalized and a
decentralized market that is used for trading all
currencies. The market offers a number of
advantages to the average forex trader. Primary
amongst these are.
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24 hours trading
Forex market operates 24 hours, six days a
week.24 hour trading gives an opportunity to the
forex trader to take advantage of any breaking
news effecting forex rate movements in a timely
manner.
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Liquidity
In the Forex market different currencies of the
world are traded in the form of currency pairs.
Majority of forex transactions involve the
following seven most liquid pairs. Of the seven,
the four majors are EUR/USD (euro/dollar) USD/JP
Y (dollar/Japanese yen) GBP/USD (British
pound/dollar) USD/CHF (dollar/Swiss franc)
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Zero commission
Due to "free of commission" trading, it is
possible for you to keep 100 of your trading
profits. This is particularly beneficial for
those intending to trade on a regular basis.
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Ample profit making opportunities
Forex rates constantly fluctuate due to various
factors. Irrespective of the direction of
movement of currency prices, rising or falling,
opportunities to make profits always exist.
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