When it comes to trading, people are always striving for the best and everyone wants to get superior trading platforms, to trade at the best market prices and most importantly to get the best trading conditions. Millions of traders choose to trade in the forex market because they have come to understand why it is the best market to trade. As a trader, your job will be to explore the market’s potential and seize possible opportunities that could be unlimited.
Trading in the Rakuten forex market is a round-the-clock affair since there is always a market open somewhere. If you are considering investing your money somewhere and you haven’t figured it out yet, here are some reasons why you should consider forex trading.
Ease of entry
With an account as small as $250, you can get started in the currency market. Therefore, you don’t need to have a lot of money to start making great returns on your investments. For this reason, it is important to note that anyone can take advantage of all the benefits being offered by the forex market.
Forex market size
The foreign exchange market is the world’s largest financial market. As an investor, you don’t have to worry about the price jumping too far before your trade is executed because the liquidity that comes from the forex market enable you to easily enter and exit positons. With market this size, it is much more difficult for any group pf people to try and manipulate the forex trade. This means that your supply and demand analysis is most likely to be accurate.
Trading hours
The Rakuten forex market is open 24 hours a day almost seven days a week. Therefore, it doesn’t matter whether you go to school at night, you like getting up early or you work during the day because you can always find time to trade currencies. Remember that different currencies are more active during different times. Therefore, whenever you have time, make sure that you take advantage to trade because something is bound to be happening.
Guaranteed stops
In the foreign exchange market, you have the ability to determine at which price exactly you would like to enter a trade. The same case applies to the price at which you would like to close a trade, these prices are guaranteed.
A stop-loss or stop order is an order you place and it instructs your broker to exit the trade if the price drops to a certain level. Therefore, think of a stop order as a stop sign for your trade. In the event that your trade ever reaches the stop sign, the price at which you would like to exit your trade, it will immediately stop and exit so that you can protect your investment or money.
Profit potential
Profit potential is the one thing that all investors want to hear about. Luckily for you and them, the foreign exchange market is has a plethora of such. In the Rakuten forex market you can make money whether your currencies are going down or up. If you think your currency fair is going down all you have to do is well it. On the other hand, if you think your currency pair is going up, all you have to do is buy it. You see!! It’s quite simple and easy.
No commission
When trading currencies, you never have to pay a sales commission. Discount brokers as well as stock brokers will charge you a commission for each and every trade you place, both for when you get into a position and you want to get out. In the forex market currencies don’t exist. All you have to do is simply pay the difference between the bid and the ask price.
Trading in forex is an interesting, exciting and educational process. It not only educates you on worldwide events but also gives you a chance to make trades online.