10 advantages and 10 disadvantages of foreign exchange rate
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Explanation:What are the advantages of foreign exchange?
10 Main Benefits of Forex Trading
It's a Large and Global Market. ...
It's Good for Beginners. ...
You Can Trade 24 Hours a Day. ...
There Are Low Transaction Costs. ...
You Can Benefit From Leverage. ...
It's a Market With High Liquidity. ...
Volatility of the Forex Market. ...
You Can Buy or Sell Currency Pairs Depending on the Market.
The disadvantages of a fixed exchange rate include:
Preventing adjustments for currencies that become under- or over-valued.
Limiting the extent to which central banks can adjust interest rates for economic growth.
Requiring a large pool of reserves to support the currency if it comes under pressure.
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