Why do we trade FOREX?
2022-05-09Why do we trade FOREX?
- 1. Forex is a 24-Hour Market with margin trading. The FOREX market is opened around the clock, so you can trade at your preferred time.
- 2. FOREX trading is usually leveraged. Investors can control a very large amount of total contract value with a small margin. Leverage gives investors the ability to make high profits (but at the same time the losses are amplified).
- 3. High liquidity, low barriers to entry, and the ubiquity of a variety of free tools on the market are also benefits of FOREX trading.
- 4. This global market with an immense daily trading volume, no individual investor in FOREX is able to dominate the FOREX market.
- 5. And trading costs are relatively low. It is only concerned with spread.
So, FOREX has many unique advantages over other markets.