Benefits of Forex market is a post from: Forex News
While talking about investments which are accessible for everyone, there is just a single kind which springs in to one’s mind.
The foreign exchange market or Forex has various benefits over the other kinds of trading. As it is an over-the-counter market, Forex market is said to be open 24 hours each day, apart from commodity or regular stock markets. Investments need a particular amount of money before taking benefits of the investment opportunity. A person just requires a small amount of capital for trading Forex. Anyone can enter the market with lesser than $1for trading in a micro account. It permits one to open all the positions up to 1,000 units. 1,000 units of currency is equivalent to 1 contract within micro account. Per “tick” or “pip”, that is the currency rate movement, costs $0.10 profit or loss.
This relies on whether one is going along with the market or just against the market. Forex mini account provides one to control around 10,000 units of currency; on the other hand each pip costs $1.00. A standardized account provides one for controlling approximately 100,000 units of currency. Here a pip costs $10.00. Forex is considered as the best liquid markets.