The most unique feature of Forex market is that it is open 24 hours a day. Unlike trading stocks where you have to wait for an opening bell, you can buy or sell currencies whenever you want in the Forex market. This also gives you the added advantage of choosing the right time to make your transactions.
• Forex market has a huge trading volume in the range of about $1.5 trillion. The Forex market is about 30 times larger than all of the U.S equity markets put together.
• As far as Forex day trading is concerned, you can make a profit out of a raising market, as well as from a falling market. This is because you have the power to decide whether to buy or sell a currency after carefully analyzing the market trend.
• You can trade in the Forex market from anywhere in the world. If you have a computer with an internet connection, you can make your transactions from anywhere.
• Forex trading requires considerably less initial investment. You can even start your Forex career with an investment of as low as $300. Once you learn the ropes of the trade and make a success out of your strategy, you can increase your trade up to 200 times your initial investment. Moreover in Forex market you just need to post a meagre 1% margin when compared to a 50% margin in the stock market.
• The price movements are easily predictable in the Forex market. Though the price movement themselves are highly volatile, the foreign currency market follows a pattern that is easily predictable with proper technical analysis.
• In Forex trading you don’t have to pay any commissions to brokers on transactions.
To sum it up, Forex trading has far more advantageous than other trading platforms and gives you more control over the features and freedom to choose. You can make huge profits if you know what you are doing.
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