Sumber:Lobakmerah
Best Country To Trade Forex
When I started trading forex between 2007-2008, there were not many forex brokers around in Australia.
As a matter of fact, I couldn’t find a good forex broker in Australia so I ended up opening up a forex trading Account in United Kingdom with Alpari UK.
It is now 2016 (at the moment this post is being written) and I can tell you that there’s been a lot of change over the past decade.
There’s a lot of forex brokers in Australia and forex trading volume now exceeds the daily total turnover for the ASX.
WHY AUSTRALIA IS NOT A HOT-BED FOR FOREX TRADING
The reasons are simple:- the country’s trading culture is really good
- and the country has a safe jurisdiction for forex brokers to establish themselves and market themselves around the world
Another reason could be the fact that in the wake of the Global financial crisis in 2008 period, the United States simply put brake on all forex trading and passed regulations to limit leverage up to 50:1 but in Australia, forex brokers offer leverage up to 500:1 and from my knowledge, this really hasn’t change much at all.
This means that forex traders in United States would have to open forex trading accounts outside of USA to have access to much higher leverage that what’s offered in United states and I would’t be surprised if there are thousands of forex traders from America having live trading accounts with forex brokers in Australia or even UK.
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