with each other and do business on the go through online trading system. The major centers for online trading are New York, Frankfurt, London, Paris, Tokyo, Hong Kong, Bombay among others, and all these centers also communicate and deal through online trading. The benefits of online trading are listed below:
- Currency market never sleeps: online trading allows you to keep track and deal from anywhere at anytime.
- Mini accounts: some websites offer mini accounts that allow you to get started with as less as $200.
- No Commission! Online trading is commission free, theres no exchange or hidden fee either. Your broker earns from the spreads.
- Instant: its instant unlike offline trade which may involve paperwork.
The nature of the market is such that risk comes inherent and can not be separated but risk can be minimized if you are trading at the right point of time and the right point of time can be anytime only online trading allows you to be there at the right time as all other methods as explained above are slow and usually take up a lot of time in processing.
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