Trading Characteristics

The characteristics of forex trading have many kinds, but before explaining the characteristics, traders must first know what candika is. Foreign exchange or commonly referred to as forex is a trading business that involves the currencies of many countries for profit.

Forex has various characteristics, which can be considered unique characteristics. One of the characteristics of forex that sticks in the head of its use is currency trading. One of the characteristics of foreign exchange or forex. From the name alone, it is clear that this trading business uses the currencies of various countries as trading capital. Because forex has a business base using currencies of various currencies of many countries, its use must always know when the currencies of countries out there will go up or down. In addition to being based on currency, there are many characteristics of forex trading that will be explained.

24 Hours Global Market

The characteristic of forex trading is that forex has a 24-hour global market where forex trading will never close for 24 hours. Forex has a global opening time of 5 and a half days per week.

For example, on Monday morning at 7 am Indonesian time, the forex market starts operating, but 2 hours before the Indonesian forex market operates, in Japan it is already operating. At 5 pm when forex trading has stopped operating in the Malaysian part of time, but is still operating on the network part. So forex operates 24 hours in world time calculations.

Great Liquidity

Forex is the most liquid market in the world. The liquidity that is owned by forex is extraordinary. For example, transactions will still occur if someone buys and sells at any price. In contrast to forex, most markets will not accept transactions if the buy price does not match the sell price and also have to queue or wait for the buy or sell price according to the trader's wishes.

Can Choose Trading Period

The next characteristic of forex trading is that traders can choose the trading period. Trading time itself has 4 times. First is scalping or short trading time, then day trading, which is where trading is carried out for no more than a day. Next there is swing trading, this trading is usually done intensely for one week, and finally there is position trading which can take weeks or even months to trade. Forex trading is very flexible in providing space for someone who wants to trade with the given trading time options.

Not Big Cost

This is the last characteristic of forex trading, namely the low cost. Because forex transactions are carried out over the counter, traders who deal with or make direct transactions with market makers, ECN, or other parties will not receive transfer fees or free forex trading.

The high level of forex liquidity in the market, currency pairs usually have very tight spreads, especially during normal market conditions. As long as there is no news of falling values ​​in several currencies, the spreads will still be tight.



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