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Why The Forex Market Is The Best For New Traders

The best market for beginning traders, in my opinion, is forex. Everyone immediately conjures up the stock exchange when thinking about trading. They are unaware of how expensive it is to actively day trade the stock market. The SEC is mandated to set a high minimum balance for day traders. I'll give you a few examples in this article to illustrate why it's simpler for new traders to trade the Forex market as day traders and other short-term currency traders.

There are also some advantages to forex that are inherent. The ability to fund an account with a broker with as little as $5 or as much as $1 million is the first advantage. Any trader, regardless of account size, has the ability to trade thanks to forex. With some Forex brokers, you can use leverage of up to 1:400, which is another benefit of trading forex. Buying with margin is the same as using leverage. This level of leverage is not available through stock brokerage accounts. High leverage is a necessity for all short-term traders in order to maximize their modest incremental wins.

More trading opportunities equate to more potential revenue. Anyone with a day job cannot trade because the stock market has a limited trading window that begins around 8 in the morning and ends before 5 pm. These issues don't exist in forex. A 24 hour market, forex allows for trading at any time of day. It never closes because it is a global market with participants from all over the world trading at all hours of the day. Both before and after work, you can trade.

Open crossing is also another benefit of forex. But besides being open around-the-clock, the forex market has multiple openings. A country's banks begin trading at an open. For instance, the US open is at 9 am EST, while London opens at 3 am Eastern time. Additionally, there are openings for the Asian nations. This indicates that the market is constantly receiving large amounts of liquidity. There are numerous people moving the market when these trading periods overlap. This is a goldmine for professional traders and day entrepreneurs.

As you can see, the best market for a novice trader to trade is the forex market. More than any other market, they will succeed in forex. Opening an account and obtaining high leverage in forex is also relatively simple. And be able to trade on the Forex market day or night is one of its many perks. A novice trader can go to work during the day and trade after work or in his or her free time. It is a market where the trader has the dominant position.


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