Forex trading is one of the sources of income that an investor can have. Forex trading requires very little capital and can generate unlimited income depending on the strategies used by the forex trader. Forex trading offers many benefits from approved forex broker in malaysia.
1. You will need to invest a small amount of capital.
You only need USD250 to open an account and start trading. A majority of forex brokers offer what are known as a “mini” and “micro” trading account. This will allow beginners to get an idea of the market and to start trading with more money. Forex trading is not possible with shares, futures or options. The minimum investment amount for forex trading is USD1000. A small investment of USD250 can be enough to double your potential profits in a month, depending on your trading skills and frequency.
2. Transaction cost is low
We don’t have to pay the usual fees associated with trading shares like clearing fees, government fees or stamp duties. Broker fees are not required, but we do still need to trade through brokers. The bid-ask spread is the amount they are paid for their services. The selling and buying price differences.
3. You can trade at any time of the day.
The forex market or fx market is open 24 hours per day. If you live in Singapore or Malayisa the forex market opens at 6 a.m. on Monday and closes at 6 a.m. on Saturday. You have the option to choose your trading hours that work for you, regardless of whether you are a homemaker or a professional. Part-time forex trading is possible before fully committing to it. This will not happen if you are trading other instruments.