An article for a naive in the largest financial market

If you ask yourself that, is there anything which is larger than the stock markets?The answer is yes, and it is the currency market which is also famous as the Forex Market or FX Market that does the 5 trillion dollar business each, which is many time more than what the world’s stock market do collectively in a single day, and this can be distinguished as sea and ocean. To understand more about currency trading or Free Online Trading in UAE visit ELP Markets website which is one of the best online trading sites where the Meta Trader 4 Brokers are ready to assist you.

So we can conclude that even an iotaof Forex Market is equivalent to millions of dollars, and when one talks about the reviews then there are a lots of spam to misguide you in the form of message that promises to be a fortune maker, which is remote from the reality.

Some of the facts of the Forex Market

The definition of the globalization near a novice is that the world got connected through the air, sea and land transportation, or with the help of internet it is easy to reach world corners, but here one thing is very important that without money it is not possible for the world to come on single platform. So to serve the purpose of the globalization financial institutes are the key players as without money nothing is possible.

So it can be concluded that without the money and financial institutions the concept of Globalization is not going to exist.

Without Forex Market the International Trade Commerce cannot exist

The gold standard of the trade is very important but there was a problem that gold can be mixed with the other metals also so it became a difficult task to analyse the purity of the gold. But the paper currency concept successfully took over the gold standard but the problem was not solved completely because all the countries created their own currencies.

Currently there are around one hundred and eighty currencies all around the globe. Suppose you are the resident of United Arab Emiratesand this summer you want to visit Canada so to live and shop there for short period you need the currency which is used in Canada. So to get Canadian dollars one has to buy it against the Arab Emirates Dirham. Enjoy Free Online Trade UAE, and meet Meta trader Brokers UAE from the best online trading sites UAE for free online trading In UAE!

In the case of apple when it gives contract to the Chinese workers has to pay them in Chinese currency Yuan. So all these exchanges take place in Forex or FXcurrency market, and we can understand that how the globalization was possible. Consult with the Meta Trader 4 Brokers UAEon the best online trading website UAEand know more about currency trading UAE, which is also famous as one of the Free Online Trading Sites in UAE.

Commodity vs Currency Trading: Which One To Go With?

Commodity trading and currency trading are two completely different types of trading and can be done online. Both the trading options have their own pros and cons, and have their own share of traders. In commodity trading, one deals with tradable commodities that include metals like gold and silver, agricultural products like sugar, coffee, wheat, and many more. Currently, there are around 50 important markets for commodity trading in the world where more than 100 commodities are traded. The process includes purchasing and selling the commodities and making profit.

If we talk about currency trading, it works in a different manner. The very first difference is the number of items used. In online commodities trading Dubai, one can deal with a single tradable commodity and earn money; but in currency trading, the scenario is different. You have to deal with two currencies that are known as currency pairs. You trade using currency pairs, and not just one currency. So, you depend more as two currencies and their fluctuations are to be taken into account. Here are a few factors that are common and affect both of these. You can go through them and pick the type of trading which is more suitable for you:

Geographical Conditions

Both the options get affected by the geographical conditions but in completely different ways. In instance of a natural disaster such as drought or something similar, currencies tend to fall and it may be a tough time for the ones practicing online currency trading Dubai at that moment. However, commodity prices tend to rise due to increase in demand in such cases, or at least remain constant which makes online commodities trading Dubai a better option in such scenarios.

Regulations

If we talk about regulations, the comparison is very easy. While online commodity markets are highly regulated, that’s not the case with currencies. Currency markets are almost like a wild game and regulation is a bit looser. So, if you are someone who loves to adhere to rules and regulations, you should prefer commodities; and if you are a free soul, online currency trading Dubai is perfect for you.

Leverage

Another comparable factor is the leverage for both the trading options. Currency markets offer a great amount of leverage and allow traders to control thousands just by funding their accounts with a few hundred dollars. Though commodities markets too offer leverage, currency markets are far better in this aspect.

Comfort

Different people have different comfort zones. While commodities are more physical in nature, currency trading is a virtual world. So, you can choose one as per your comfort. There are many free online trading sites in UAE that can help you with more information on this.

Ellipsys Financial Markets
4th Floor, C&R Court,
49, Labourdonnais Street,
Port-Louis, Mauritius.

info@elpmarkets.com