mhmo2005
New Member
In fact, large banks, whether multinational or regular, as well as major financial institutions, had dominated the forex market (also called foreign exchange trading), but a typical change occurred in the nature and quality of investment during the last period. By one estimate , in the new millennium , there are about six million investment accounts , up from 1.5 million in 1997 . As a result, companies that are just beginning to compete directly with major financial institutions serve investors within the scope of the modern, technology-driven economy, and the clear winner in this context is the customer. The competition between companies that deal with the public and those that do not deal with it, in addition to companies that rely on the Internet, have dramatically reduced investment costs and enabled the individual investor to control his own investment strategy in the field of forex trading. We all know that forex trading is simply a direct access to currency exchange. In the past, this matter was available only to major banks and commercial institutions, but modern technology developments allowed small traders to benefit from the advantages of forex trading by using trading platforms on the Internet. The forex market operates 24 hours a day and almost five days a week. At the present time, trading via the Internet has revolutionized the currency markets after making it available to small and medium-sized investors. Forex trading is perhaps the largest financial market in the world with a turnover of approximately $7.5 trillion. Forex trading is simply the immediate buying of one currency in exchange for the sale of another. International currencies move according to floating exchange rates and are traded in the form of pairs, for example, the euro-dollar, the dollar-yen, the dollar-rupee, and others. In the new millennium, forex trading has become available to individual investors or small groups of investors. According to the current scenario, investors can now benefit from the many advantages in the forex market, which exceed their counterparts in the stock markets, futures contracts, and other types of investment. Today, most traders choose forex trading more than they prefer stock trading, because there are approximately 4,500 shares listed on the New York Stock Exchange, while another 3,500 shares are listed on the NASDAQ. In daily forex trading, you have four major markets, 24 hours a day, 5.5 days a week, if you wish you have about 34 currencies to look at in your spare time. You can focus on the major currencies in the market and choose between them for trading. Also, when you invest in forex, you will find free time that you can spend in the afternoon, watch a movie with your wife, or celebrate holidays - in short, forex trading is characterized by simplicity and devoid of the complications that you can find in the stock and futures markets. Forex trading is not only available, easy and an investment opportunity that does not require large capital, but also in terms of cost is more efficient in terms of both commissions or trading fees. In general, stock trading commissions range from $7.95 - $29.95 per trade with online brokers, while they exceed $100 with traditional brokers. On the contrary, stock commissions are usually directly related to the level of service provided by the broker. Which reaches its peak with traditional brokers. Full access to research and recommendations of stock analysts and more. On the other hand, forex brokers charge very small commissions and negligible trading fees.
