Why Trade Forex and CFD’s?
Online Forex and CFD’s trading has become the most popular traded assets in the past decade because they offer traders several unique advantages:
Forex is traded 24 hours a day!
The Forex market is open 24 hours a day all around the world during different countries and business hours. This allows you to trade FX at all times, 24 hours a day, 5 days a week. Since the Forex trading is mostly traded between banks and not though a specific exchange (like the New York Stock Exchange that is open only 6 hours a day), means that there is also something happening at almost any time of the day or night, meaning 24 hours of trading and making money opportunities.
Always can go long or short
Unlike many other financial markets, where it can be difficult to sell short, there are no limitations on shorting currencies. If you think a currency will go up, buy it. If you think it will fall, sell it. This means in Forex – you can make money any time.
Super low trading costs
Most Forex accounts and brokers have commission’s free accounts with super-tight spreads. You trade the direct quotes from global banks which provide high liquidity and this allows you to trade with no commission and low spreads.
Set your stop loss and take profit
Every Forex trader has to option to set a stop loss point to minimize losses and to set a take profit to maximize his profit, this allows you 100% control over your account, trades and risk management which are key for traders success.
Largest liquidity pool in the world
Because Forex is a $5 trillion a day market, there are millions of people trading you can trade with. This makes it typically very easy to get into and out of trades at any time, even in large sizes trades.
Leverage your money
Because of the deep liquidity available in the Forex market, you can trade Forex and CFD’s with considerable leverage (up to 1:200). This can allow you to take advantage of even the smallest moves in the market and turn them to high profits.
Global exposure
Forex is traded all over the world with different banks and people, as the world becomes more and more global, investors hunt for opportunities anywhere they can. If you want to invest in another country, Forex is an easy way to gain exposure in those markets.
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