The Core Benefits of Trading Forex by Forex Professional Carmelo Cerrelli

The Forex or currency market is a market in which currencies are traded and it is the largest and most liquid market in the world with an average traded value that exceeds $5 trillion per day. The Forex market includes all of the currencies in the world.

According to forex professional Carmelo Cerrelli, there are many benefits of trading Forex.

Market Size

The Forex market is the largest financial market in the world.

Ease of Entry

You can get started in the currency market with a small account as well. You don’t need tons of money to start making great returns on your investments, also anyone can take advantage of the benefits of the currency market.

Profit Potential

The currency market has plenty of profit potential. You can make money in the currency market whether currencies are going up or down.

24 Hour Market

Forex trading operates 24 hours a day, five days a week. Since the Forex market is worldwide, you can trade Forex as long as there is a market open somewhere in the world.

High Liquidity

Due to the substantial size of Forex market, it is also extremely liquid. Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. In Forex, liquidity is high which means you can move large amounts of money into and out of foreign currency with minimal price movement.

Low Transaction Cost

In Forex, typically the cost for a transaction is built into the price. It is called the spread, which is the difference between the buying and selling price.

Increased Leverage

Forex brokers allow traders to trade the market using leverage, which is the ability to trade more money on the currency market than what is actually in the trader’s account. It gives the trader the ability to make nice profits while at the same time keeping the risk capital to a minimum.

Profit Potential

In Forex, there is no restrictions for directional trading, this means if you think a currency pair is going to increase in value you can buy it or go long. In the same way, if you think a currency pair could decrease in value you can sell it or go short.

Can be Your Side Earning

Forex trading can be done personally on brokers and this can be your side earning source.

No Commissions

When you trade currencies, you never have to pay a sales commission.