Trading Forex Dubai - 3 reasons

Even though Dubai has suffered a meltdown in 2009 because of the economic recession, the emirate has been seeing a significant rise in volumes of trades indicating its rebound from its biggest financial crisis. Dubai’s economy, which contracted by 2.4% in 2009 is anticipated to expand by as much as 5% this year, as stated by economists.

Much has been said about the potential of Forex trading as an online business whether in Dubai UAE or other parts of the world. In fact, it could be the most lucrative online business around provided that a trader has enough knowledge and experience.

While Forex trading in Dubai can be done physically through many brokers’ physical delivery service, there are several reasons why trading online is preferred by most traders. Below are the major ones:

Reason #1; It’s Fast and Convenient

Dubai Trading is a lot faster and more convenient compared to trading via brick and mortar exchanges. You can do this from the comforts of your home provided that you have a computer and an internet connection. In online trading, your orders are executed, filled and confirmed usually within just seconds. And because this is all done electronically with no human intervention involved, there is little to slow it down.

Reason #2: Real Time Forex News, Quotes and Charting Services

Dubai trading online provides instantaneous trade executions from real time quotes which are displayed on the trading platform. As long as you choose a good trading platform, there should be no discrepancy between the displayed price and the execution price during normal market conditions. This occurrence is also known as slippage. During news or period of high volatility however, you may still experience slippages.

Reason #3 No Middlemen Intervention

Perhaps the most distinct attribute of online trading from physical trading is that it does not involve dealing desk trade execution. Online traders do not trade with, or in some cases, against a dealing desk. Each trade that is placed is executed through the platform provided by the Dubai Forex brokers. When it comes to commission, Forex brokers get a small percentage of the bid/ask spread, and that’s it. The beauty with Forex online trading is that it’s a transparent market with no exchange fees or any other hidden fees.

Reason #4: Safe and Secure

Online transactions are generally safe and while many people are still apprehensive about doing transactions online, fact is - a lot of online businesses today put privacy and security in their top priorities, therefore applying rigorous security standards which are implemented by international financing and Dubai banking institutions. 
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