Learning Forex (Preschool) - Why Trade Forex?
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Why Trade Forex: Advantages Of Forex Trading
Here are just a few reasons why so many people are choosing this market:
- No fixed lot size lot or contract sizes are determined by the exchanges
- Low transaction costs
- A 24-hour market
- No one can corner the market The FX market is sufficiently liquid that significant manipulation by any single entity is all but impossible during active trading hours for the major currencies.
- Leverage
- Deep Liquidity Extremely liquid
- Low Barriers to EntryÂ
- Free Stuff Everywhere! You can use DEMO account
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Why Trade Forex: Forex vs. Stocks
- With forex, there are dozens of currencies traded, but the majority of market players trade the seven major pairs.
- Most forex brokers are open from Sunday at 5:00 pm EST until Friday at 5:00 pm EST, with customer service usually available 24/7.
- Most forex brokers charge no commission or additional transaction fees to trade currencies online or over the phone.
- Higher Trading Volume and Liquidity
- Unlike the equity market, there is no restriction on short selling in the currency market.
- Minimal Market Manipulation
- Analysts and brokerage firms are less likely to influence the market
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Why Trade Forex: Forex vs. Futures
- The futures markets can’t compete with its relatively limited liquidity while the forex market is always liquid.
- 24-Hour Market
- Minimal or no commissions
- When trading forex, you get rapid execution and price certainty under normal market conditions. In contrast, the futures and equities markets do not offer price certainty or instant trade execution.
- Risk is minimized in the spot forex market because the online capabilities of the trading platform will automatically generate a margin call if the required margin amount exceeds the available trading capital in your account.
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I want to make summary of what I have learned about Forex so that I can refresh it again.
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