The Potential Profit in Forex Trading will Continue to Emerge

Check out 4 reasons why forex trading have big profit potential:

Open 24 Hours

According to The Balance, forex trades 24 hours a day during the week and offers a lot of profit potential due to the leverage provided by forex brokers. The market opens from Sunday night in Australia and closes on Friday in New York. This means you have unlimited opportunities for 5 full days to trade and benefit from the right trading strategy.

Very High Asset Liquidity

Imagine you own land that you want to sell immediately, but no one is interested in buying. In that case, your land is said to be an illiquid asset, or difficult to liquidate.

In contrast to forex trading. Whenever you decide to take advantage of the price differences that arise in trading, you can immediately liquid your assets, without intermediaries, or large additional costs.

Use of Leverage to Double Profits

The leverage facility in forex trading allows small money to control larger amounts of money. For example, 100: 1 leverage allows you to control trades of up to Rp 100,000 with only capital of Rp 1,000. With the right strategy, the use of leverage allows the potential profit you get to be even greater.

No Need Big Capital

Compared to stocks, options, or other commodities, forex trading does not require a large capital. This makes you who are learning to trade do not need to save money to collect a large capital first. In addition, the large flexible transactions on forex trading also give you the freedom to trade according to the risk you want.