Apr 06 2011 |
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Forex Expo Dubai highlights benefits of Trading The FX Market
Dubai, 6th of April 2011: This 8 - 9 April doors of the 8th Middle East Forex Expo will open its doors in Emirates Towers Hotel, to interested persons who will discover the world of trading currencies, commodities and others , online via their Computers or smart phones. The Event is FREE to the public .
"There are many advantages to Trading FOREX as your main income generator. We can start by something that may be worrying many already. "Do I need a Diploma or Certification to trade the FOREX?" The answer is NO: When attempting to make more profit than losses on the fluctuation of exchange rates between major currencies (i.e.Trading the FOREX), nobody is going to ask you for a diploma, a formal license or verify the amount of hours you've spent studying the Foreign exchange market and banking industry. All you need is the proper training" announced Jean Louis Farwagi Vice president Arabcom Group Organiser of the Forex Expo and Conference this Friday in Dubai .
The Main Benefits of Trading the FX Spot Market can be summarized as following:
With a daily trading volume of over $ 4 trillion, the spot FOREX market can absorb trading sizes that dwarf the capacity of any other market.
The FOREX Market never sleeps. Trading positions can be entered and exited at any moment - around the globe, around the clock, six days a week. There is no waiting for an opening bell as in the case of trading stocks. It is a 24-hour, continuous electronic (ONLINE) currency exchange that never closes. This is very desirable for you if you want to trade on a part-time basis, because you can choose when you want to trade: morning, noon or night.
3. There is never a Bear Market in FOREX.
You can have access to a seamless, mutually-inclusive (two-way) exchange of currencies. Meaning, because currencies trade in "pairs" (for example, US dollar vs. yen or US dollar vs. Swiss franc), one side of every currency pair (for example, USD/JPY - JPY = YEN) is constantly moving in relation to the other. Thus, when you buy a particular currency, you are actually simultaneously selling the other currency in that particular pair. As the market moves, one of the currencies will increase in value versus the other. Of course, it is up to you to choose the correct currency to be long or short. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. This means you have equal potential to profit in both a rising or falling market.
4. High Leverage - up to 500:1 Leverage.
You are permitted to trade foreign currencies on a highly leveraged basis - up to 500 times your investment with some brokers. This is primarily attributed to the higher levels of liquidity within the currency markets..
5. Price Movements Are Highly Predictable.
Although currency prices in the FX market may be volatile, they generally repeat themselves in relatively predictable cycles, creating trends. The strong trends that foreign currencies develop are a significant advantage for traders who use the "technical" methods and strategies taught at a number of sources.
Unlike stocks, currencies rarely spend much time in tight trading ranges and have the tendency to develop strong trends. Over 80% of volume is speculative in nature and, as a result, the market frequently overshoots and then corrects itself. As a technically-trained trader, you can easily identify new trends and breakouts, which provide for multiple opportunities to enter and exit positions.
6. Commission-free Trading and Low Transaction Cost
When you trade FOREX, brokers don't charge commissions to trade or to maintain an account, and that goes for all clients trading the FOREX through them, regardless of your account balance or trading volume. Even Mini FX traders can buy and sell currencies online, commission-free.
In the equities markets, you must pay both a commission and exchange fees. The over-the-counter structure of the FX market eliminates exchange and clearing fees, which in turn lowers transaction costs.
7. Instantaneous Order Execution and Market Transparency.
Market transparency is highly desired in any trading environment. The greater the market transparency, the more efficient the market becomes. Unlike other markets where transparency is compromised (like in the Enron scandal), FOREX markets are highly transparent (i.e., analyzing countries, and having access to real-time research / news, is easier than companies).
Because of this transparency, as an FX trader, you will be able to exercise risk management strategies in accordance to the proper fundamental and technical indicators.
The Forex market offers the highest level of market transparency out of all the financial markets. Because of this, order execution and fill confirmation usually occur in just 1-2 seconds. Markets that do not offer executable prices and force traders to absorb slippage obviously compromise the trader's profit potential considerably.
In the forex world, order execution is all-electronic and because you'll be trading via an Internet-based platform, instantaneous execution is routine. There are no exchanges, no traditional open-outcry pits, no floor brokers, and consequently, no delays.
More details can be found on www.meforexexpo.com
-Ends-
About Arabcom Group
Arabcom Group has been pioneering in the business of promoting socio-economic development in the Arab States since 1993. The group have always aspired not only to lead the industry, but to set standards and benchmarks. It has established itself with a robust reputation of excellence and commitment.
Mission: To be a high-value partner for our customers providing them with innovative products, professional support and services while meeting our obligations to society and the environment.
Vision: To build strategic partnership relations between the East & West, North and South. To generate sustainable growth with focus on clients, employees, and suppliers.
The company is in partnership with over 30 international governments and more than 100 private sector companies as well as non-profit organizations and publications. It has over a hundred events, conferences, expos and forums to its name. For more details you may log on to: www.arabcomgroup.com
Or contact:
Sheracel Prudencio
Arabcom Group
Tel No. +971 4 390 3511
Fax No. +971 4 321 1165
Email: sales@arabcomgroup.com
© Press Release 2011
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