Forex Trading How and Where
Have you ever wondered what exactly you are selling and buying while trading in the Forex Market? Who Regulates the forex market and who can you contact in case of a dispute? The answers would be really bewildering for a new trader as you don’t rally trade anything in the forex market its the difference of the currencies that make you profits in the log run. The forex Market does not have any authorized governing body like the stock trading market.
Thus this market is a self regulated market where all forex traders work in cooperation with each other apart from competing with each other. This arrangement works too well as the regulations and are self imposed and self practiced this will surely lead to more understanding of amongst the traders and people who are competing in the Market.
There is no Insider information that is considered as illegal you can have your own sources for information and base your decisions of buying and selling currency on your information. The fact is that you are not trading something in a particular nation or a particular company, you are riding on a phenomenon that is worldwide and no particular nation has a control over it. You have to be smart enough to make your moves and make your money grow for yourself.
Forex Market does not have any real time commissions unlike the stock market where the stock trader is going to charge a fees and a commission on the trade that takes place through him. However if you choose to trade through a forex broker then you have to pay a commission for the tips and sevices your Forex Broker is going to provide you.
In Forex trading, the investor cannot attempt to buy on the bid or sell at the offer like in exchange-based markets. On the other hand, once the price clears the cost of the spread, there are no additional fees or commissions. Every single penny gain is pure profit to the investor. Nevertheless, the fact that traders must always overcome the bid/ask spread makes scalping much more difficult in Forex trading.
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