15/09/2020
WHY YOU MUST TRADE FOREX NOW!
Due to the coming of covid-19, the pandemic has held the world at a standstill and have shattered the economies of many great nations including Nigeria. But it has also revealed one thing…do you know what that thing is?
Covid-19 exposed the fact that there is no job security with 9-5 jobs. The survey showed that 39% of workers in America earning $40,000 or less lost their job due to pandemic. Well that is America, now does that affect me? You may want to ask, right? Let come home to Nigeria, report shows that Nigeria may experience the worst unemployment crisis since independence. Why because of companies’ mass retrenchment of workers due to high impact of covid19 which has also resulted to hike in prices of almost everything from materials to Logistics.
Here are some of the reasons why you should trade Forex
1) It’s the Largest financial market in the world with over $6 trillion dollars traded daily.
2) It’s convenient. Freedom to trade anywhere in the world with the only requirements being a laptop or mobile phone and internet connection
3) It’s a 24 hours market and 5 days a week, only closing down during the weekend From the Monday morning opening in Australia to the afternoon close in New York, the Forex market never sleeps.
4) No one can corner the market. The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
5) No commissions: No clearing fees, no exchange fees, no government fees, no brokerage fees
6) No middlemen: Forex trading does away with middlemen and allows clients to interact directly with the market-marker responsible for the pricing on a particular currency pair.
7) Low Barriers to Entry: You would think that getting started as a currency trader would cost a ton of money. Online Forex brokers offer “mini” and “micro” trading accounts, some with a minimum account deposit of $25.
