There are many benefits and advantages for trading currencies on the Foreign Exchange, better known as Forex.
The Forex Exchange was established in 1971. This market grew at a steady rate throughout the 1970s, but in the 1980s Forex grew from trading $70 billion per day to over $1.5 trillion each day.
There are many huge players in Forex, but it is accessible to the individual trader. Each lot traded is worth approximately $100,000. By using leverage, an individual trader is only required to have a $1000 investment in the trade. This is a 100:1 leverage. No other market offers this amount of leverage.
Forex is also an extremely liquid market. Because it is so large, you can buy or sell in only seconds where your trade is only a mouse click away. You can also preset an automatic close for your position. This means you dont have to sit and watch your position, just place the trade, set an exit point and go what you want.
Forex trades virtually 24 hours, 7 days a week. It only closes from Friday afternoon until Sunday evening. This makes it possible to set your own trading hours. If you trade part time and want to place your trade at 3am,...
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