2. Forex Market is easy to operate and has been
witnessing increasing patronage among investors for
the following distinctive advantages. The Forex market
is also one that almost never sleeps, opening every
Sunday at 22:00 GMT and closing every Friday at 22:00
GMT
3. The volume of currencies traded everyday in Forex is
close to USD 4 trillion, meaning so much of money
moves across hands every day. Such high
liquidity, especially in major currency pairs is not
possible in any other financial market. Foreign
currency exchange rates can vary from one broker to
another, so be sure to choose a regulated reputable
Forex broker that offers competitive forex spreads
4. As currency is the commodity, weakening of one
currency results in strengthening of the other
currencies thus ensuring stability and lowest possible
spreads (cost of trading)
5. Forex Market is open 24 hours, 5.5 days a week. You
can trade from any location and at any time.
6. Generally there are no commissions or charges on
Forex trading. Except when you trade on
ECN’s(Electronic Communication Network)
commission charges do apply.
7. Leverage is a very powerful tool. It means you need to
deposit 500 USD to trade 250,000 USD. Such high
leverage combined with rapid rate fluctuations make
Forex market highly profitable but at the same time
risky.