More and more private investors give their preference to online currency trading as it offers wide possibilities of making profit from fluctuations of currency rates. Forex gives more benefits than stocks or futures trading among which the following should be mentioned:
Inter-Bank Market
Forex market comprises both major financial institutions and private investors. Major central banks communicate and trade with each other and their clients by means of electronic networks and telephones. However, no entity, even a central bank is able to control prices for an extended period of time.
Easy to start, easy to trade
Online account management system and advanced trading platform allow you to open an account within minutes and trade instantly at the dealable prices with no execution barriers and no daily trading limit.
True 24-hour trading
You can trade Forex any time of the day, when it is convenient for you as the market opens at 0:00 a.m. on Monday and closes at 11:00 p.m. on Friday. Forex traders enjoy advantages of all profitable market conditions at any time as there is no need to wait for the market «opening bell».
Margin trading
You trade Forex using leverage, which means that you have to allocate only a fraction of the position to secure the deal. The leverage enables you to increase potential returns while investing only a part of the position volume.
No commission
Forex does not charge any commission for trading currencies and provides free software and market news for real account holders. The only amount charged is spread, a so-called «cost of trade», which is the difference between «Ask» and «Bid» prices.
Go short
Trading in the over-the-counter currency market allows you not only to earn from rising rate, but also from falling rate in the bear market. In case when the outlook for a currency is bearish, the market is bull for other currencies providing profit from selling the currency versus other currencies. Thus, profit is gained from both rising and falling market.
High liquidity
Forex Market is characterized by the highest degree of liquidity as here money is an asset. The average turnover in the Forex market is about $4 trillion per day, so you can open and close positions at the most favourable prices;
Low investments
The minimum initial deposit in Forex is $100 / €100 / £100.
To evaluate the advantages of online trading with Forex we recommend you to download MetaTrader 4 trading platform, install it to your computer and open a Free Live Account.