FXCM Markets trading can be seen as one source of income in an investor’s portfolio. Forex trading does require no capital outlay. Forex traders have unlimited potential to earn income, depending on how they manage their money. Foreign currency trading can be more profitable than trading shares.
1. A small capital outlay
Minimum USD250 to open an account Many forex brokers offer both a small and large trading account. This will enable new traders to get an idea of the market and make more money before they start trading. Forex trading doesn’t require minimum investment. This is in contrast to options, futures and bonds or shares. It is USD1000. You can double that amount by investing just USD250. This is dependent on your trading skill and the frequency you trade.
2. Low transaction costs
We don’t need to pay brokerage fees. We don’t have to pay broker fees. They are compensated with the bid-ask spread, which is basically a spread between buying and selling price. The price difference between buying or selling.
3. Trades can occur at any hour.
Forex trading is possible 24 hours a week. If you are a resident of Malayisa, Singapore or the Philippines, forex trading opens at 6 a.m. and closes at 6 a.m. on Saturday. You can decide your trading hours, whether you’re a professional or a homemaker. Forex trading is possible part-time and full-time. You cannot do this if your trades involve other instruments.