There are many benefits and advantages of trading forex. Here are just a few reasons why you should choose this market like so many people else!
Low transaction costs
The retail transaction costs (the bid/ask spread, and commission) are typically less than 0.1% under normal market conditions. For larger transactions, the spread could be as low as 0.07%.
A 24-hour market
There is no waiting for the opening bell, the forex market never sleeps. This is awesome for those who want to trade on a part-time basis because you can choose when you want to trade: morning, noon, night, during breakfast, or in your sleep.
No one can corner the market
Theforeign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
In forex trading, a small deposit can control a much larger total contract value. Leverage gives you the ability to make nice profits, and at the same time keep risk capital to a minimum. But remember that leverage is two edges sword.
Because the fx market is so enormous, it is also extremely liquid. This is an advantage because it means that under normal market conditions, with a click of a mouse you can instantaneously buy and sell.
Low Barriers to Entry
You would think that getting started as a currency trader would cost a ton of money. The fact is, when compared to trading stocks, options or futures, it doesn't. You can try risk-free demo trading first and open a mini account with us that requires a small deposit indeed.
Open account now
Get up to 100% bonus
Risk free practice with virtual 100,000 USD
Trade more than 70 instruments and with 500:1 leverage
Deposit within 5 mins by online payment gateway
Compelete tasks to receive bonus up to 100% of your initial deposit