There are a lot of benefits and advantages of trading the forex market. Here are some of the benefits of trading the forex market:
NO MIDDLEMEN
Currency trading eliminates the middleman and allows forex traders to trade directly with the market responsible for the pricing of all currency pairs.
A 24 HOUR MARKET
No waiting is needed for the opening bell. Opening on Monday morning in Australia, to closing in New York, the forex market will never rest. This is great news for anyone looking to trade part time, because you can choose ANY time of the day or night to trade.
NO COMMISSIONS
There are no government fees, no clearing fees or exchange fees. Retails brokers are compensated for their services through the "bid-ask spread"
As you can see, there are many benefits of trading the forex market; and there are more benefits than the things that I have listed here! Just make sure to use a trading system and stick to it. And then, you will have even more benefits!
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