Wednesday, March 25, 2015

Why trade forex?

Forex trading enables you to speculate on the relative strength of one currency against another.

Forex is the world’s most popular financial market, with an immense volume of trades taking place every day. The majority of these are by speculators buying and selling on intraday price movements.

 There is an estimated daily turnover of over $4 trillion in forex trades worldwide. Commercial and financial transactions make up only about 10% of this trading volume.

The large number of traders and immense quantity of currency traded on a daily basis give the forex market exceptionally high liquidity.

This means it’s a very easy market for anyone to access – you can normally buy a currency on demand, because another trader somewhere will be glad to sell it to you, or vice versa.

The forex markets are also free from the commission systems which can complicate some other markets.

Generally you only need a small margin to get started, and there are low transaction costs.

You can trade around the clock and take advantage of high levels of leverage.

1 comment:

  1. eToro is the #1 forex trading platform for newbie and pro traders.