There is a lot to consider if you want to consider a career in Forex trading. Some of the benefits are considered as drawbacks for other such as highly volatile market. For smart traders, this can be a benefit enabling you to take advantage of swings in the market. This market runs around the clock meaning that trades are happening in multiple countries while others are asleep. People are able to work from the convenience of their home while taking advantage of volume to reduce losses.
- There are no commissions in a real sense–most forex brokers make profits from the spreads between forex currencies. One does not have to worry about including separate brokerage charges.
- The forex markets run all day, enabling trades at one’s convenience, which is very advantageous to short-term traders who tend to take positions over short durations.
- Compared with any other financial markets, the forex market has the largest number of market participants.
“There are several advantages that a career as a forex trader, also known as a foreign exchange trader, offers.”
Read more: https://www.investopedia.com/articles/forex/050115/pros-cons-forex-trading-career.asp
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