That’s a good point you have mentioned. The market has been unpredictable for years and that’s how it will always be. It’s the traders who have to work in accordance with the market. You have to find the points that you understand and make use of them. There’s so much time to explore the market to learn all about it. Pros and cons don’t really matter.
Pros and cons of forex market?
- Thread starter Coner1980
- Start date
yes . agree with you.
The forex market is open to everyone. You don’t need to have a solid financial background. Anyone with a firm understanding of the market can benefit from the market. On the other hand, the biggest con is that there is no holy grail to trading. Knowingly or unknowingly, we tend to look for that. To win, we should focus on our skills first.
yes market never knows your financial issue , just trade with good analysis and bring good amount of profit. that's a fine answer. thanks
The market never said that it will let you make profits all the time. The market never told you to take risks out of your risk appetite. The market never promised stability. So, before you divide the market's normal behaviour into its pros and cons, you better read about it.
In comparison to other markets, the forex market offers a low transaction cost environment. Trading in Forex has exceptionally low transaction costs when compared to trading in other markets on a percentage point basis. This is primarily because the Forex market is dominated by dealers who issue a two-way quote after reserving a spread to cover their own risks. In the Forex market, pure play brokerage is extremely cheap.
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Unlike stock, bond and even commodities markets that can often be influenced by private information held by insiders and key stakeholders of those assets. Control of the currency market, however, is far less centralised and less influenced by insider information.