A Basic Guide To FX Trading With City Index Australia
SYDNEY, April 29, 2012 /PRNewswire/ --
The Bank of International Settlement (BIS), which is considered the central bankers' bank, has recently reported that the global currency (FX) market grew more than 20 per cent over the past three years.
The sheer size of the FX market makes it the most liquid and accessible in the global financial markets.
There are many benefits and advantages to trading forex CFDs with City Index Australia. Here are just a few reasons why so many of our clients are choosing this market over other markets.LEVERAGE In forex trading, a small margin deposit can control a much larger total contract value. This means you can make more efficient use of your trading capital. You only need a small percentage or a fraction of your money to gain exposure to a large FX trade. LIQUIDITY Since the forex market is large, it is also extremely liquid. This means you can move large amounts of money in and out of the foreign exchange market with minimal price movement. You are unlikely to be 'stuck' in a trade. PROFIT IN BOTH RISING AND FALLING MARKETS The forex market has no restrictions for directional trading. You can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). As long as you are able to pick the right direction, a potential for profit always exists. ABILITY TO TRADE 24 HOURS The forex market is truly global and without borders, trading is continuous as long as there is a market. From Monday morning ( 7am Sydney time) to Saturday morning ( 7am Sydney time) the forex market never sleeps. This is very desirable for those who choose to trade on a part-time basis as it gives you a lot of flexibility. Why trade with City Index Australia
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