In recent years, the number of candidates who wish to participate in forex trading is quite large. The same applies to the number of brokers who appear on the stage.
Forex has grown to become one of the largest trading markets in the world and also one of the most profitable. For more information about forex trading in Kenya, you can explore this link.
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It has become well known in some emerging markets, where online trading is now actively practiced as a full-time activity by thousands of traders. All this prompts him to ask questions.
Why is Forex Trading Considered Attractive?
Availability: The Forex market is the largest in the world and is open 24 hours a day, 5 days a week. This makes it a very accessible industry for traders to trade and benefit from 24/7.
Volatility: With an average daily trading volume of around $5 trillion, it is one of the most liquid markets in the world with traders ranging from individual to institutional investors. This makes it a very profitable industry.
Size: Simply put, the market is huge. With traders trading in volumes ranging from a few hundred dollars to billions of dollars, the industry is huge and therefore offers tremendous opportunity and liquidity.
The forex trading domain, like any other platform or market, carries risks and opportunities. However, traders can mitigate this and remain successful in the long run by working with a leading online broker.