We generally consider the king of the trading platform is Forex Trading which many of us known as FX. I have been associated with it since 2007. In the Forex market an average trading volume more than 5 trillion dollars per day. By this trading volume we can assume what a big trading platform it is?
I agree with you if bitcoin is added to Forex trading trader will be able to diversify their portfolio. Bitcoin has shown its past behavior globally. Which will make their portfolio more attractive. Since Bitcoin transactions are included in the blockchain ledger, it provides transparency to transactions which will help reduce the risk of fraudulent activity by traders in Forex trading.
Moreover, Bitcoin will play a major role in facilitating faster transaction process for Forex traders as well as reducing the transaction fees that a Forex trader incurs.
As Bitcoin is decentralized it does not require any intermediaries. As a result, a user can easily deposit with Bitcoin from anywhere in the world. In this way a user can easily express his interest to enter the Forex market. Users will get various facilities by accessing to withdraw or deposit money through the use of Bitcoin.
Forex trading is a transaction system where one currency is exchanged for another currency. That is, converting a specific currency into another currency for foreign exchange.
Forex trading platform has the facility of trading round the clock and generally 5 days are open for buying and selling currency. Forex trading is one of the largest trading platforms with a daily trading volume of around $6.5 trillion which has increased slightly over the past years. Before this, Forex trading had a trading volume of around $5 trillion.
Although Forex trading is very risky so we should always trade with caution on this training platform.