Understanding the Magnetism of Forex Trading and its Legality in India Have you ever wondered why forex trading is so lucrative? ♦ The Bank for International Settlements has reported that the daily global trading in the foreign exchange (forex) market is $7.5 trillion. This shows the forex market's size and global importance. ♦ The forex market is open Monday to Friday, allowing traders to operate flexibly. This accessibility makes it easy for anyone to trade at a time that suits them. ♦ One key characteristic of the forex market is its tendency to return to its average price over time. This makes trends in the forex market longer and more stable than in other markets, like stocks, which is good for trend-following traders. ♦ Chart patterns like demand and supply zones often work better in the forex market, helping traders predict future prices and make better decisions. ♦ The forex market offers higher leverage, which can potentially increase traders' returns. ♦ Due to its liquidity and volatility, the forex market attracts traders looking for profit-making opportunities. ♦ Forex trading can offer unique diversification opportunities as it has a low correlation with other markets, providing a hedge against market volatility.
Great job, Kabir .!
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9moVery well explained 💯