Forex is the most traded market in the world and when you understand the benefits of the market, it is easy to understand why.
24 Hour trading, 5 days a week
Since forex exchange markets are worldwide, so we can trade forex 24 hours a day, five days a week. The foreign exchange markets are worldwide. Unlike other markets, forex trading is much more convenient for everyone. Every Monday morning is the beginning of the trading week for Forex at Sydney, Australia and follow by the sun westward. The world’s major capital markets open and close from Tokyo to London and New York will be the final closing on Friday evening.
No commissions or hidden costs
There are no hidden fees or commissions, so you can be confident knowing how much your trade is costing you.
Trading opportunities in bull and bear markets
The forex market offers traders the unique advantage of trading opportunities in both rising and falling markets. And unlike other markets, there are no restrictions or additional costs for short selling.
Trade more with less
Forex is traded with a degree of leverage, allowing you to take a position in the market with a fraction of the capital you would usually need. As much as leverage may increase your gains, it can also increase your losses so it’s important that you understand the risks of trading on margin.
With daily turnover reaching $5.1 trillion, forex is the most liquid market in the world. This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations.
Wide range of markets
Forex trading allows you to easily gain exposure to markets around the world. While most trading is done in the world’s major currencies, you also have access to emerging markets such as Mexican Peso (MXN) and Polish Zloty (PLN).