Which country is best for Forex trading? That is a question often asked and the answer isn’t always obvious. Each country has it’s own strengths and weaknesses and while there is no better country for Forex, there are some countries that do better than others. Let’s take a look at the top five and see if we can help you decide which countries would be best for you!
Largest Buyers of US Dollars
One country that comes to mind immediately is China. Not only do they have an economy growing at a rate of about 10% a year, but also they are one of the largest buyers of US dollars and have thus far helped us to gain against our currency, helping us to keep our currency strong. Of course, with all three of the BRIC countries now buying as much of the US dollars as they can, this isn’t going to last forever and may turn rather sour quickly if the economic situation in the US or the UK worsens. However, for now China has become one of the world leaders and if you want to invest some money in the markets, then China is definitely one of the first countries you should look into!
Japan is another country that comes to mind when you think of countries that are probably going to be around for a very long time. They too are growing fast and have started to provide the US with some help in terms of the trade deficit. Although, Japan is not as strong as China right now, they have been one of the strongest creditors throughout the recent economic crisis, so they may be around for a while. If you’re looking to invest in the markets, then Japan is definitely one of the countries you should be considering for best cash forex Russia!
India is another strong contender for this title. After slowing down a bit in the past few years, India has picked up it’s economy again and is starting to rise out of its recession. With the increase of the Indian economy, more US Citizens has begun to take advantage of the Indian markets and invest here. There are many reasons why the Indian markets are ideal for investing, but one that sticks out the most is the political stability of the country.
Major Financial Crises
No one wants to mess with a country that is unstable. Even though India hasn’t faced any major financial crises yet, that still doesn’t mean that they are completely stable. We all know that there have been periods of time when the Indian government was corrupt and there were great political struggles. So, is there anything we can do to ensure that we invest in the right currency?
Well, one way of making sure that you choose the right market is to look at the economic indicators from various countries. Usually, all the major indicators such as gross domestic product, interest rates, inflation, and trade balance will show a trend of one market over the other. This is one way of determining whether or not to buy or sell your currency depending on the market trends.
One of the other reasons that you would want to look at the market trends of India is because of the different investment opportunities available here. For example, India has traditionally been a big exporter of goods and services. In order to take advantage of this, you would have to invest in commodities such as petroleum, fertilizers, and even textiles. The other popular option here is to invest in gold. Since gold tends to go up in value over time, this can be a very good form of an investment as well.
Looking at the current market, the best country which is now considered to be the best for forex trading is India. India is emerging as a major player on the global scene and its economy is growing faster than almost any other country. The country has a stable government with a strong currency, which is very appealing to many foreign investors who are looking for growth opportunities in the country. Although there are many other countries which are also thought to be the best, in terms of becoming a main exporter, India is by far the most attractive.