The forex market is unique – and as such, it attracts millions of traders daily, who are busy making money online. What’s more, it is open for all investors worldwide. Practically, anyone can trade forex.
What is the benefits of Forex?
Forex is the biggest financial market in the world with a trading volume of over $4 trillion a day. This makes it 53 times bigger than the New York Stock Exchange’s daily trading volume. In such a liquid market, you have instant access to money as you can sell your investment quickly and at fair market price.
TRADING ROUND THE CLOCK
As opposed to any other financial market, the forex market is open 24 hours a day and 5 days a week (22:00 GMT Sunday – 22:00 GMT Friday). You can make your forex deals whenever you are online, and at any time, day or night.
TRADE LONG OR SHORT – YOUR CHOICE
Whether the market is rising or falling, forex offers you continuous profit potential – something the stock market does not offer. Because forex trading is about buying one currency and selling another, you are always free to trade long or short without any limitations.
BIGGER LEVERAGE – BIGGER PROFIT POTENTIAL
While for stocks the typical leverage is 2:1, forex trading allows you a leverage of up to 400:1, or even more! No other financial market apart from forex offers this kind of leverage. You can choose the leverage that suits you best.
SMALL INITIAL INVESTMENT TO START TRADING
You can easily open a trading account with a modest initial investment to start buying and selling currencies. You are free to do this on different levels, depending on your knowledge, skills and risk appetite.
NO MANIPULATIVE INFLUENCE
The daily volume of forex is huge! As a result, there are no top dogs who can manipulate the prices. Why should your potential profit (or loss) depend on how big investment companies trade?
No hedge funds, banks, analysts or brokers can influence the market for an extended period of time. Not only is forex open to everyone, but it also applies the same rules to all investors, no matter how big they are.
Forex trading is conducted directly between buyers and sellers. Consequently, you have direct online access to the markets without any middlemen charging you extra fees.
VERY LOW TRANSACTION COSTS
Forex market operates without any clearing fees, exchange fees or brokerage fees.
MARKET ORDER EXECUTION IN LESS THAN 1 SEC.
Unlike stock and futures markets, the forex market is very liquid and as such you can always execute an order.
FREEDOM TO CHOOSE YOUR TRADING STYLE
You can use automated trading and let the expert advisors work for you. It’s all online, so all you need is Internet access on your PC, laptop, tablet, or smartphone.