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Possibility of making profits regardless of the direction of the market
ОглавлениеThe foreign exchange market is a pure price market. The prices can rise or fall. If the customer believes that the currency is about to become cheaper, there are hardly any restrictions on the sale. The profit potential in the foreign exchange market is independent of whether a customer buys or sells and is also independent of whether the market is falling or rising.
No major restrictions on access to market information
Despite some restrictions, individual dealers do not have any competitive constraints compared to professional dealers and analysts. The only advantage, in part, is that professional traders have a faster flow of information. However, the Forex market is a market where practically all participants have the same opportunity to access the information necessary for their activity. While in stock trading there is at least the danger that there are insiders at work who have access to internal company information and can then use it to their advantage. In this context, it is only important for a beginner or newcomer to obtain and evaluate the information and draw conclusions from it.
Success in the foreign exchange market depends on the customer himself
Before a beginner enters the foreign exchange market, it is important to determine what risk tolerance is present, what investment goals are pursued and in what form the beginner wants to acquire the knowledge to work successfully here. It is also important to limit the possible losses at all times and therefore stop-loss orders are also important in this area.