\r\n 73.9% of retail investor accounts lose money when trading CFDs with this provider. <\/div>\r\n <\/div>\r\n <\/div>\r\n <\/div>\r\n\r\n<\/div>\n
What is Forex Trading and Forex Brokers Canada?<\/h2>\n <\/noscript> \nThe Forex market is a highly exciting place and also a place where you can make a lot of free money for yourself. The Forex market is open for 24 hours of the day and 5 days of the week. This means that you can trade Forex at any time of the day or night during these 5 days. The five days from Monday to Friday. Forex stands for Foreign exchange. You can also call it X, Forex, or simply Forex. All these names mean the same thing. It is the largest of all the markets in the world today its size is measured by its daily turnover. As of the last check, the daily turnover of the Forex market was US$5 trillion. The combination of the turnovers from the bond market and the stock market does not even measure up to this.<\/p>\nThe huge turnover in the Forex market is one of the more reasons it becomes attractive to so many investors. Anybody from any part of the world can also trade Forex. So long as you know about trading, you can go into it to make money. The Forex market offers so many advantages that you can rarely find in many other markets across the globe.<\/p>\n
What is Forex and Forex Brokers Canada?<\/h2>\n As we stated earlier, Forex is an acronym for Foreign Exchange. You can also call it currency trading or FX. The Forex market is decentralized. As a result of this, you can trade different types of currencies in Forex trading. It equally wins the award for the most liquid of all the markets in the world today. The liquidity of the Forex market means that there are so many buyers and sellers doing business in the Forex market. The pricing is also highly competitive. You can rarely find any other market that can be as liquid as the Forex market. The regulation is improving by the day. The management and monitoring of investment are also improving. These are some of the factors that make the Forex market to be more attractive than many other markets globally.<\/p>\n
Why trade Forex with Forex Brokers Canada?<\/h2>\n People trade Forex for so many reasons. The answers you can get to this question from different people will surely be diverse. Whatever the case may be, money is involved in most instances. One primary reason why many people trade Forex is that they want to make money. What are the features that make the Forex market highly attractive? You can check for answers below:<\/p>\n
Forex market is always available (Forex Brokers Canada)<\/h2>\n Except for weekends, the Forex market is always open for business. As we mentioned earlier, the market is open 5 days in a week and 24 hours of those 5 days. Currency trading is available all over the world. This is because those who need currency exchange services are all over the world. Some of these entities are:<\/p>\n
\nPrivate individuals<\/li>\n Corporate organizations<\/li>\n Government agencies<\/li>\n<\/ul>\nThe activities of these entities are the forces behind the high liquidity of the Forex market. The activities that take place in the Forex market go in the direction of the sun. The Forex market opens in Australia in the morning and will close in New York in the afternoon. There is no time during these periods that you will not be able to trade any currency pair.<\/p>\n
Trade-in any direction from Forex Brokers Canada<\/h2>\n The beautiful thing about Forex trading is that you can make money both when the Forex market is rising and falling. You can also make money from Forex trading irrespective of any condition that leads to a particular direction of movement.<\/p>\n
Transaction cost is low<\/h2>\n One other feature that makes Forex trading interesting is the low cost of transactions. Many of the Forex Brokers Canada charge very low commission. Some even charge no commission at all. You will equally not need to pay data license fees or exchange fee before you can trade Forex. In most instances, the retail transaction fee is usually not up to 0.1%. This is usually the case irrespective of the market condition. When you deal with larger dealers, this spread can even go as low as 0.05%. The leverage you adopt for trading also helps to reduce the transaction cost<\/p>\n <\/noscript>\nViability of Leverage<\/h2>\n The availability of leverage is yet another factor that makes the Forex market attractive to traders. Leverage helps the Forex trader to enter a market position with an amount that is larger than his trading balance. In the stock market, you can only get maximum leverage of 1:2. This is is not the case with the Forex market. In the Forex market, there are times that leverage can be as high as 1:500. However, the highest leverage provided by Forex Brokers in Canada differs one from another. This is one of the reasons why many people venture into Forex trading.<\/p>\n
When you use high leverage, you can make a huge profit with small capital. This is because leverage makes it possible for you to trade higher volumes with your small capital. It is possible to make a lot of money from Forex trading by using leverage. Be that as it may, you must also understand the dangers involved. Leverage is a two-edged sword. It can help you to make a lot of profit and can also cause you losses. If the market goes in your favor, you can make a lot of money if you use high leverage. If the market goes against you, on the other hand, high leverage will lead to a huge loss. So, you must use leverage with care.<\/p>\n
High liquidity<\/h2>\n As we mentioned earlier, the Forex market is the most liquid in the world today. The market is very huge and its daily turnover is up to US$5 trillion. The high liquidity translates to the fact that you can trade any currency of your liking. There is no constraint at all. The Forex market is open 24\/5 and this reduces time limitation. This fact adds a lot to the high liquidity in the Forex market. Both buyers and sellers in the Forex trading world accept different currency types and this is a factor at the root of its high liquidity. The high liquidity means that there is a huge chance of making a profit from Forex trading.<\/p>\n
Accessibility<\/h2>\n Forex trading is not expensive at all. This is one of the many reasons why it is accessible to a lot of people. Futures trading, options trading, or stock trading can require a lot of money to start. This is never the case with Forex trading. You can find online Forex Brokers Canada that offer different types of accounts that allow people with a small amount of money to trade Forex. Mini and micro accounts will not require a lot of money to start trading. With micro or mini trading account, you can start trading Forex with as little as $25. As a result of this, an average person can start trading Forex with very small capital.<\/p>\n
Who trades Forex with Forex Brokers Canada<\/h2>\n The Forex market is very big. It is the largest market in the world today. The number of participants in the Forex market is in the millions. Some of the participants in the Forex market are:<\/p>\n
\nHedge fund managers<\/li>\n Banks<\/li>\n Money exchangers<\/li>\n<\/ul>\nThe activities of these individuals help to keep the Forex market moving forward<\/p>\n
When is it possible to trade Forex?<\/h2>\n The Forex market is open 24 hours of the day and 5 days of the week. However, this does not mean that the Forex market is perpetually active. We can divide the Forex market into 4 major trading sessions. These sessions are:<\/p>\n