{"id":2437,"date":"2022-02-22T05:26:54","date_gmt":"2022-02-22T02:26:54","guid":{"rendered":"http:\/\/doctor-igor.vhost.kiev.ua\/wp\/?p=2437"},"modified":"2022-04-13T02:01:57","modified_gmt":"2022-04-12T23:01:57","slug":"what-are-the-benefits-of-forex-trading","status":"publish","type":"post","link":"http:\/\/doctor-igor.vhost.kiev.ua\/wp\/?p=2437","title":{"rendered":"What Are The Benefits Of Forex Trading?"},"content":{"rendered":"

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In 2007, the Aite Group estimated that there were $369 billion of remittances (an increase of 8% on the previous year). The largest and best-known provider is Western Union with 345,000 agents globally, followed by UAE Exchange.<\/p>\n

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If a central bank wants to decrease inflation, it can increase interest rates in a bid to stop spending and lending. dotbig.com This generally increases the value of money in an economy, as there is less, or \u2018more expensive\u2019, money available in the economy. When trading forex, you speculate on whether the price of the base currency will rise or fall against the counter currency. So in GBP\/USD if you think GBP will rise against USD, you go long the currency pair. dotbig website Alternatively, if you think GBP will fall against USD , you go short sell the currency pair. dotbig If you currently have a brokerage account, you likely can begin forex trading through your stockbroker.<\/p>\n

What Are The Benefits Of Forex Trading?<\/h2>\n<\/p>\n

Fundamental analysis trading is generally more favored by long-term traders \u2013 those who buy and hold a currency pair for an extended period of time. Fundamental analysis is analysis that is based on economic conditions, both within specific countries and globally. dotbig ltd Governments, through their central banks, are also major players in the forex market. Central bank interventions in the forex market are similar to policy-driven central bank interventions in the bond market. dotbig contacts By comparison, the approximately $700 billion a day bond market and $200 billion a day in stock trading worldwide appear relatively small in size.<\/p>\n