Reasons to Consider Currency Trading

Global investors are passionate about taking part in currency trading. As soon as the trading in these markets begins they become a 24-hour thing. Many Axi Trader investors who are eager to get down with currency trading have benefited from these advantages:

Market Sizes

The currency markets stand out as the top financial markets globally. The shore of liquidity washing through the markets that trade in the trillions of dollar enable all investors to exit and enter positions without worrying much about prices. Avoid jumping too far before you execute your trades. Markets this size make it much difficult for single groups when manipulating such markets. The perfect analysis of the demand and supply side will tend to be accurate.

Ease of Entry

To kickstart your entry into the currency markets, it will cost as little as 250 dollars. You do not need large sums of money to achieve good returns on your investments. Anyone can rake in the benefits of our currency markets.

Your Profit Potential

Every investor pays keen attention to the profit potential. The currency market is one hotspot. Whether currencies are rising or falling, you can still make a fortune in the currency markets. If you have the intuition, that currency will rise, go for it, and you can make some money. If you are considering a pair of currencies, it is up to you to make the purchase. If the currency pair is about to fall, you should go out of your way to sell it.

Tax Benefits

Both the short-term and long-term gains on capital tax are subjected to a 15 percent tax. It’s much better to pay less in taxes. The forex market does not discriminate when it comes to taxation. You can opt for your profits one at a time, or a month later. The first 40 percent of your profits stand out as short-term capital gains rates. The remaining 60 percent will be taxed at the rate of a long-term capital gains rate.

Trading Hours

The currency markets run open round the clock, every day of the week. Those working during the day, night or at school are smart at trading currencies. Other global currencies remain active for most of the day. During your free time, there are several tasks you can take advantage of.

Commission Rates

There is no incentive to pay sales commissions when trading currencies. This includes stockbrokers and other discounted stockbrokers who will charge you commissions on various trades. There are commissions present in the currency markets. All you have to do is pay a difference between asking prices and bid prices.

Raised Leverage

When it comes to aggressive investors, this is a major place of interest. You can leverage your position and hold large amounts of currencies. However, you must be careful when leveraging your investments as they stand out as a double-edged sword.

Assured Stops

Forex markets give you the opportunity to determine the exact price points that are best suited when trading. A stop or no-stop order is key when exiting a trade, as their prices will not be guaranteed. The stop marks are helpful to safeguard your money and can kick in automatically.