Everyone all over the world is appraising Forex Trading. Why people prefer Forex trading and are blindly investing their hard earned money in Forex trading? Well if you are wondering the same the same question then you are at the right spot. Let’s analyze the strengths of Forex market which make it the most widely traded financial market.
First, when you plan to trade currencies the first question that comes to your mind is the initial capital. You wonder about how to arrange that initial amount. But wait a moment. Why bother about it? In case of Forex trading, you do not need heaps of money. Of course you have read right, you can start trading currencies with only a meager amount of 100 dollars. Oh so now you know why people are crazy about it but it is not all. There is a row of attractive features my friend.
Secondly,you do not need to spend a lot of money for buying a comfortable chair and arranging a separate office. You can do Forex trading with just a computer or a laptop with a good internet connection. Therefore if even you are drinking juice or having a dinner or midnight snacks, you can trade. You do not even need a dress code; you can trade even in your sleeping pajamas.
Thirdly demo account and social trading are other appealing aspects of Forex trading. You can practice trading before going live by a demo trading account. Similarly social trading allows you to copy the trading techniques of expert traders. You can learn a lot by taking cues from copying the trading styles of professional traders.
Lastly the rules of trade in Forex market are far easier to understand and comprehend as compared to other financial markets such as stock market. In other markets, you have to be expert of financial accounting as you have to view and analyze different company reports because you have a great number of companies to select from.