The Foreign Exchange Market (Forex) is the largest market in the world, and there must be something that attracts 9.6 million traders to jump into this market. In today’s article we will take a look at why is forex trading so popular and whether you should take part in the market.
Low Transaction Cost. Transaction cost in forex trading is what we called the “Spread”, which is the price difference between BUY and SELL price.
An idea of how much you might be charged per trade in Hirose Financial. You would only need to pay as low as $0.006 when investing $10 in a trade. That’s less than 0.7% of the total investment.
Hirose offers one of the lowest transaction cost amount all brokers and it is suitable for all level of traders with different start-up capital. The table above is how much the cost will be when trading 1,000 units for USDJPY, EURUSD and GBPUSD.
Leverage. Leverage is one of the most lucrative advantage in Forex trading, and this is one of the main reasons why so many traders fall in love with forex trading. In forex trading, a small deposit can control a much larger investment. For example, $100 can control a $10,000 worth of trade, and $1,000 and control a $100,000 worth of trade. Leverage gives the trader the ability to make nice profit, and at the same time keep risk capital to a minimum.
Low Barriers to Entry. You would think that getting started as a forex trader would cost a ton of money. The fact is, in Hirose we offer “micro” lot trading, and traders are able to open a trade with just as little as $12 (approx.). Therefore, it makes forex trading much accessible to the average individual who does not have a lot of start-up trading capital.
If you are interested into forex trading or if you want to make money right now with forex trading. Contact us now! We will guide you through every single step till you manage to profit in forex!