Why Trade Forex?
Until the late 90's Forex trading was dominated by large institutions like banks, hedge funds, major currency dealers and the occasional high net worth individual. The barriers for entry to the Forex market meant most individual investors and speculators could not take advantage of the many benefits Forex offered over other markets.
The entrepreneurial vision of some of the smaller financial institutions and the dramatic evolution of the Internet combined to make forex trading accessible to any interested individuals at a retail level.
Today millions of individual traders form across the globe in all walks of life are taking advantage of these opportunities.
The entrepreneurial vision of some of the smaller financial institutions and the dramatic evolution of the Internet combined to make forex trading accessible to any interested individuals at a retail level.
Today millions of individual traders form across the globe in all walks of life are taking advantage of these opportunities.
- Largest most liquid market in the world. (Because currency is the basis for all the worlds commerce there is constant market liquidity, especially with the major currencies)
- The forex market is open 5.5 days a week 24 hours a day. (Unlike regulated markets that have fixed trading hours the forex market allows you the freedom to choose trading hours that suit you.)
- Low spread cost per trade. (The low spread cost is built into the buy and sell prices, therefore no additional bills for commissions, clearing, government taxes, line feeds and charting)
- Leverage of up to 400:1 (High leverage has made forex trading accessible to all. It is vital to know that without appropriate risk management, a high degree of leverage can lead to large losses as well as gains.
- Free charting and analysis tools. (open a free practice account and learn to trade without risking real money.)
- Start trading with as little as $250. (Once you have learned to trade on a demo account you can gain experience in the live market without having to risk a fortune.)
- Trade from almost anywhere in the world. (Provided you have Internet access and a computer you can trade even when you are away from home or office.)
- Freedom to work from the comfort of home.(Provided you have a fast Internet connection and home computer or laptop there is no need to incur additional expense to trade from a formal environment.)
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