Benefits of Forex Trading

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column width=”1/2″ el_class=”padd-col-left-contact”][vc_column_text]Welcome to G7FX! We’re here to introduce you to the busy world of Forex trading to help leverage your skills and abilities so you can up your game. We have one vision: to grant everybody equal opportunity to succeed in Forex trading by offering structured courses and tools. Everybody can win; we’re here to improve your chances of success in the Forex business. 

If you want to accelerate your acquisition of the correct knowledge and skills and learn the right strategies, we’re your go-to mentors. We offer professional courses to teach you how to trade profitably in the long term, knowing that Forex is not a get-rich-quick scheme. That’s lesson number one. Forex is a long-term investment in a dynamic and ever-changing market. 

If you’re in it to increase your wealth, you need the right tools, skills, and a thorough understanding of the global Forex market. Read on to discover the benefits of Forex. [/vc_column_text][vc_empty_space height=”20px”][/vc_column][vc_column width=”1/2″][qode_elements_holder number_of_columns=”one_column”][qode_elements_holder_item advanced_animations=”no” custom_class=”seo-forms-padd”][vc_column_text el_class=”lighttext top-half-seo-para”]

Contact Us

To get in touch regarding our learn to trade educational services, email nv@g7fx.com to arrange a call outside of market hours.[/vc_column_text][vc_column_text el_class=”landingpgform”][forminator_form id=”639″][/vc_column_text][/qode_elements_holder_item][/qode_elements_holder][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][qode_elements_holder number_of_columns=”two_columns” switch_to_one_column=”1000″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”319″][vc_empty_space height=”350px”][/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no” custom_class=”big-padded-left”][vc_column_text el_class=”top-half-seo-para”]

A Quick Introduction on Forex Trading 

Foreign exchange trading, or Forex trading, refers to the buying or selling of global currencies to make a profit. Forex trading can happen anywhere worldwide, and the largest markets to ever exist are in the biggest financial cities: New York, London, Tokyo, and Hong Kong. 

Numerous entities are involved in the Forex market, such as banks, brokers, individual traders, and financial institutions. All these have their eyes wide open monitoring the changing values of currencies relative to one another. 

What Is Forex Trading? 

Forex is a marketplace where people and companies trade currencies through transactions involving exchange rate pairs such as EUR/USD. Note that Forex goes by many terms like FX, foreign-exchange market, and the currency market. 

The global presence simply implies that Forex is an over-the-counter market, or in other words, a decentralised marketplace. This means that different rates exist for various currency pairs, depending on which financial entity is trading and its location on the global map. So, who can invest in this specialised trading marketplace? [/vc_column_text][/qode_elements_holder_item][/qode_elements_holder][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][qode_elements_holder number_of_columns=”one_column”][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”322″ custom_class=”standard-5-padding about-course”][vc_column_text]

Who’s It For? 

Anyone can start Forex trading. You can start regardless of your location, background, social status, or job. If you want it to be a full-time or part-time Forex trader, that’s totally up to you. 

Of course, without effort on your part, success is not an option. However, we truly believe that everybody can succeed, given the right resources, mindset, and education. That belief is what motivated us to create these courses for ambitious people like you. And we’re still dedicated to helping you achieve your goals, one course at a time. 

Read on to learn why Forex is so popular and why anybody can do it. If you’re still hesitant, we will show you the opportunity Forex brings, and the risks involved in Forex trading.  

Why is Forex Trading so Popular? 

Forex is one of the most popular means to increase wealth and invest money for valid reasons. To give you a sense of the popularity, consider this: research shows that trillions of dollars are exchanged every day using Forex trading! 

The main reasons why Forex trading is so attractive to new traders are accessibility and the low initial investment required. After researching the Forex trade, even inexperienced traders are eager to hop on the Forex train; the road to trading is easy and accessible to anybody. 

You can try to trade Forex by yourself on a demo account where you get to learn by acting with virtual, non-real capital. Forex trading is that easy. [/vc_column_text][/qode_elements_holder_item][/qode_elements_holder][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][vc_column_text el_class=”top-half-seo-para”]

What are the Benefits of Forex Trading? 

The Forex market offers multiple advantages over other trade methods, and these benefits entice new traders and investors to trade internationally. After you’ve learned the ropes with us, you’ll see how each benefit that we’ll discuss below is unique to the Forex market. To the beginner who’s been researching multiple investment methods, the Forex option looks too good to be true. It guarantees no regulatory fees, data fees, and no commission. 

There are many benefits to trade Forex; there are also associated risks to trading Forex, just like any other market. Hence, inexperienced traders should not take learning to trade Forex for granted and learn the ropes early on. 

Usually, Forex traders have many reasons for entering this market, like speculating on geopolitical events and diversifying portfolios. Also, Forex trading is a haven for businesses operating outside their foreign market since they get to hedge against currency risk and fluctuating interest rate. 

Let’s dive into each benefit and see for yourself if Forex trading is worth the shot to become fully dedicated to the Forex world. 

Anyone Can Do It 

We cannot sufficiently emphasise that anybody can get into trading Forex. This is a good option for a side gig if you have a full-time job or even if you want to invest part of your savings to gain long-term wealth. 

Unlike other markets, Forex is accessible to anyone, even with low start-up capital, which is why hobbyist traders consider it the number one trading option. 

Of course, this doesn’t imply that you’ll become instantly good at it. Take it slow and warm yourself up using demo accounts before investing your own capital. 

Biggest Financial Market in the World 

We already gave you a glimpse of how big this market is. The good news is that this behemoth keeps on growing, and the numbers show that it will not cede its status as the largest market anytime soon.  

Every day, between four and five trillion dollars are traded on average. Consider these statistics to help you get your head around this number: that’s around 200 billion dollars every hour or three billion dollars per minute. 

There are Always Trades to be Made 

You might be wondering why it is even wise to enter the biggest marketplace in the world. Well, we’ve got one word for you: liquidity. There are always trades to be made. At any hour, any sum can be traded regardless of its volume. With just one click on a digital Forex platform, you can get the deal you want, and the party you’re trading with will be happy too. 

Like any market, the Forex marketplace has its silent hours, but we can safely claim that there are always trades to be made. 

The Forex Market is Decentralised  

Trading in the biggest marketplace also has other perks. In fact, no single financial institution can control the prices for a significant amount of time. The Forex trade is decentralised, so it calibrates itself back and evens things out. Forex trading is only influenced by the economy itself, no entity involved in the trading. Everybody’s equal, so you have nearly the same influence as the largest bank in Forex trading. 

Even more, no middlemen are required for the exchange to happen, but you can have a broker that facilitates the transaction. 

The Forex Market Never Sleeps 

We talked about the Forex market having some inactive moments, but we never emphasised the fact that it never sleeps. To be more specific, it opens when the Sydney session starts and closes when the New York session ends. The Forex market is open 24 hours, 365 days a year, but for traders like us, it’s open five days a week, with a break from Friday 5 pm till Sunday 5 pm.  

This means that you don’t need to stick to a certain time to get the right opportunity to trade. This way, Forex allows you to trade at your own pace and schedule. The market doesn’t dictate anything, so you get to trade on your own terms. If you want to be passive or active, it’s totally up to you. In the Forex world, you’re free. 

Commission Free on Most Accounts 

Most brokers may or may not charge a flat commission fee or a fee based on trade transaction percentages. Generally, there are no commissions for trade, or there are low commission rates for big volume trade processes. This exists because most brokers earn their revenue via the “spread”. This is the difference between the bid and the asking price.  

These spreads tend to be particularly low for Forex traders, making it a very cost-effective trading market. The good news is that spreads are usually minimal with no incurring fees to brokers, as we’ll see in the next section.

Transactions Costs are Cheap 

In general, when you are trading, you pay transaction costs for the effort that brokers applied to facilitate the trade. In Forex, large volumes can be transferred from one currency to another with small spreads measured in pips. A pip is 1/100 of a per cent, or in other words, the fourth place after a decimal. So, if one bid price is 1.3242 and the asking price is 1.3245, the spread for the transaction is three pips. 

When a company is buying or selling goods and services in a foreign country, they are always exposed to fluctuations in the values of currency pairs. Forex is ideal for companies in this situation since it fixes a rate at which their transactions can be completed. 

Trading with few transaction costs is clearly a competitive advantage for Forex when compared to other markets. However, when transaction costs or commissions do exist, what might sound like a good deal to inexperienced traders might not be the best bargain out there.  

So, at G7FX, we teach you how to evaluate the fees you give to brokers and how to find one suitable for your needs. 

It’s Easy to Learn with a Risk-Free Demo Account 

We believe getting you started on a Forex demo trading account would be the risk-free environment you need to take on trading confidently on your own. This type of “tester” service highlights your trading mistakes in Forex for you to learn from them. 

You will become familiar with the market trading patterns and even develop your own Forex risk management techniques, all with no commitments and no capital invested. [/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][qode_elements_holder number_of_columns=”two_columns” switch_to_one_column=”1000″][qode_elements_holder_item cover=”yes” advanced_animations=”no” background_image=”293″][vc_empty_space height=”350px”][/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no” custom_class=”big-padded-left”][vc_column_text el_class=”top-half-seo-para”]

Tips for Successful Forex Trading 

It is necessary to consider a lot of aspects before delving into a new Forex trading venture. Let’s discuss Forex and trading tips that are necessary for all traders to consider before trading. 

Study the Markets Thoroughly  

If you have developed an interest in the Forex world of trading and are considering investing in a trade, you will first need to make sure that your circumstances are the best fit for this trade. 

We believe it is very important for you to educate yourself on the Forex market. You must take some time to learn about the market and currency pairs and their patterns before delving into trading. This is the best investment you can make in the Forex market. 

So, before you invest your own money into the Forex trade, you must research extensively and have a solid knowledge base in all the aspects involved in the Forex trade. With G7FX courses, you can learn the ropes and understand the ins and outs of the Forex market. We don’t want you to put in money with a high risk of losing just because you’re not familiar with the concepts, technical terms, and strategies. [/vc_column_text][/qode_elements_holder_item][/qode_elements_holder][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][vc_column_text el_class=”top-half-seo-para”]

Create a Trading Plan and Stick to It 

It is crucial to lay out a set of plans and goals before delving into a new opportunity, as they will shape the way for you to get there. But what makes trading really interesting is that it would be designed for you. Every trading plan speaks volumes about its holder, as it is highly customisable. Every plan reflects its holder’s personality, and consequently, shapes their trading technique. 

Before taking the leap into trading, you must first make sure your own personality best fits the type of trading you target. Otherwise, a clash in styles will lead to anxiety and hence trade losses. 

You will have to learn how to make decisions to trade first and foremost. Some people like to study the economy and draw out patterns to find the best time to execute a trade. Others only rely on technical trade analysis. Whichever technique you choose, make sure it grows to be adaptive and constant. Wild cards don’t play out well in the Forex world of trading. 

Practice with a Demo Account First 

If you’ve ever tried trading before or know someone who did and failed, you probably are aware by now how false information about Forex is abundant on the internet. The good news is that you came to the right place to acquire industry-level knowledge. We want you to invest only when you’re ready to take educated risks with your investment. 

You can also take advantage of a Forex demo trading account to get a feel for how it works. This account offers you a real deal trading experience, except with fake money. The best part is that this trading is completely free of charge, with no strings attached and no Forex capital involved.  

Trade with What You Can Afford to Lose 

When you have reached the stage of having funded your account, you must always remember that your money is in a very high-risk area. So naturally, the money you mean to invest through your account should not be money you need for living expenses.  

We advise our students to treat their trading money the way they would treat their vacation money. Consider that once the vacation is over, the money would be gone. This is the safest attitude towards trading. 

Use Trailing Stop Losses 

Throughout our many years of experience in trading Forex, we have found that the best way to control your losses is through using trailing stop losses. A trailing stop loss represents a sort of limit you can set on the maximum value of losses you can suffer on a trade. This brings a particular benefit since the stop price varies according to the security price you set and is relative to whether it rises or falls with or against you. [/vc_column_text][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern” el_class=”standard-row-padding” z_index=””][vc_column][qode_elements_holder number_of_columns=”two_columns” switch_to_one_column=”1000″][qode_elements_holder_item advanced_animations=”no” custom_class=”the-challenge-block”][vc_column_text el_class=”top-half-seo-para”]

Learn to Trade with G7FX 

Here at G7FX, we have collectively accumulated over 16 years in the Forex and trade teaching business. The founder of G7FX has even gotten their own training at the two of the best institutional firms in the region and has a demonstrable track record of successful trading. This aspect matters a lot since we feel that only someone with practical experience can teach others. 

About G7FX 

G7FX is a company that was founded solely on the vision of supplying aspiring traders with the skills, knowledge, and tools they need to succeed in their future trading Forex.

Our founder and CEO, Nirav, or NV, as he likes to go by, has accumulated 16 years’ worth of success throughout his career and wishes to share his knowledge of the world of Forex. NV is very passionate about Forex and the trading world and intends. His intention is to forge new trading experts and help others make their way in the world of Forex trading. 

G7FX Trading Courses 

There is a lot of common trading misinformation all over the internet that leaves new trading and Forex venturers vulnerable to great losses. It is rare to find genuine trading experts willing to share their Forex and trade knowledge within a structured training form. 

Our experts simply wish to pass along their acquired trading and Forex knowledge on to you. This training will provide you with the trading and Forex secrets you need to thrive within the trade. We will also introduce you to the different trading platforms within the world of Forex trade. 

You will leave the course with a great deal of trade and Forex knowledge that will broaden your trading horizons and give you a better grasp of algorithmic trading. We are confident you have it in you to start trading in the Forex world. [/vc_column_text][vc_empty_space height=”20px”][/qode_elements_holder_item][qode_elements_holder_item advanced_animations=”no”][vc_video link=”https://youtu.be/-yHws3ouKkI”][/qode_elements_holder_item][/qode_elements_holder][/vc_column][/vc_row][vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”center” background_image_as_pattern=”without_pattern” el_class=”big-cta-row” css=”.vc_custom_1613751550190{background-color: #1abc9c !important;}” z_index=””][vc_column][vc_column_text el_class=”lighttext”]

Contact Us  

If you have been interested in delving into the world of Forex trading but have not been sure where to start, look no further than G7FX. Our team of Forex experts have accumulated over 16 years of teaching experience and they are excited to make you the next best Forex trading mastermind.  

We offer world-class standards of Forex and trading education. We believe everyone should be able to pursue their dreams, and we aim at delivering the means and tools to achieve your goal. We offer the same Forex and trade training programs like those offered by the best international institutions. 

So, what are you waiting for? Seek out our courses and kickstart your trading career. Email nv@g7fx.com to arrange a call outside of market hours. We believe Forex is an investment anyone can benefit from, including you. [/vc_column_text][/vc_column][/vc_row]