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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

Why Trade Forex: Forex vs. Stocks

Well, it’s an individual’s call to choose what he wants to trade, for stocks or currency. Many people prefer to go to the Forex Market place. Why? Think yourself as, one side you have the option to trade on stocks exchange like NYSE (New York Stock Exchange) which trades around 2800 kind of stocks with another 3100 listed on NASDAQ while on the other hand, there is FX market place which also trades in hundreds of currencies, but majority of this market play is run by 4 major currencies only. Now, its pure mathematics that managing and keeping an eye on these four currencies is more comfortable than reading the running screen with stats data of the 2800+ companies. Other pros of trading on Forex are –

24 hours market place – Forex market place remains open and active for 24 hours as it does not have any centralized location and solely runs over the internet.

Less commission more profit – Forex charges minimal or next to minimum commissions as compared to other trading markets like stocks or Future.

Instant action – Forex believes in instant trading; usually, the price you trade on is the same as you get back. No biasing at all.

No middlemen – Usually some middlemen remain between the transactions and costs a trader in terms of money and time. On the other hand, Forex is the neat platform with no centralized center, every Forex dealer offers varying rates, ultimately providing options to a trader with best offers.

Forex is resistant – FX is resistant to brokerage firms and even entities like Super banks cannot affect its exchange rates.

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