Learn Forex Trading: Comparing Forex to Stock Trading. This article is about learning the basic fundamentals of forex trading. Learning Forex Trading
Author: Timothy Alebiosu
Author: Timothy AlebiosuThe forex market is open 24 hrs a day. Most trading start at 2:00 EST time. You have the ability to trade any of the following, U.S session, European session and Asian session. You can choose any of the market and the time convenient for you. Most brokers do not charge commission to trade online. What most brokers charge are what is called the spread, which is very tight, consistent and very transparent. Forex trading costs much lower than what are charged by the stock market. They make their money from the difference from the bid and the ask price. Your trades are executed instantly. You have price certainty under normal market conditions. When you place a trade it is what you see on the platform that is going to be traded. The beauty of forex trading is that when you trade you are protected from big losses. Simply because when you place a trade you set your profit limit and your loss limit also called your stop loss (SL). You can however experience some delays if the market is volatile. In forex trading you choose the time you want to trade and you have access to various currency pairs. There may be delays if there is a major news brake. Everybody is trying to trade at the same time. In the Forex trading market, there is no restriction or short selling. Trading opportunities exist whether for long or short trading, since there is no sentiment or bias, everyone has equal opportunity to trade the forex market.About the Author:
Timothy Alebiosu an Engineering Graduate, teaches Computer Studies and ICT at a Technical college, He is also involved in seminars and workshops on Forex Trading. He is the author of a book "Learning to Use the Internet". You can visit his website www.forexpodium.com