Lack of commission

No bank transfer fee, no conversion fee, no government fee, no brokerage fee. Most of the costs associated with Forex retail services are covered by something called a “spread”.

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Lack of fixed lot size

In futures markets, the lot or size of the contract is determined by the stock exchange. For example, a standard silver futures contract is 5,000 ounces.

In Forex you can trade smaller positions or smaller lots. In this way, traders will be allowed to open trades as small as 1,000 units.

Low cost of transactions

The cost of retail transactions (buy / sell spreads) in normal market conditions is less than 0.1 percent.

For larger trades, this spread can be as small as 0.07%. Of course, this depends on your leverage, and a number of other topics that will be explained later.

A 24-hour market

There is no waiting for the market to start ringing. From the opening of the market on Monday morning in Australia to the closing of the market on Friday afternoon in New York, the Forex market never sleeps.

This is great for those who want to trade part-time because you can choose when to trade: morning, noon, night, while eating breakfast or sleeping.

No one can manipulate the market

The Forex market is so liquid that it is impossible for any entity to manipulate tangible currencies during trading hours.

The Forex market is so large and has so many participants that no single entity (not even the central bank or Arnold itself) can control the market price for a long time.

Lurij

In Forex trading, a small deposit can control a much higher value contract. Leverage allows the trader to make a good profit while minimizing capital risk.

For example, a Forex broker may offer a leverage of 1 to 500, meaning that a $ 50 margin deposit allows the trader to buy or sell $ 25,000 in currency. Similarly, with $ 500, you can trade worth $ 250,000, and so on.

Although it looks attractive, we must keep in mind that  leverage is a double-edged sword . Without proper risk management, this high degree of leverage can lead to huge losses, like profits.

Deep liquidity

If you are a little familiar with the stock market, you must have heard about buying and selling queues. There is no such thing as a buy-in queue in Forex.

Because the Forex market is so huge, it is extremely cash-strapped. This is an advantage because it means that under normal market conditions, you can buy and sell immediately with a single click or click.

You never get stuck in a deal. You can even set up your online trading software to automatically close your trade after reaching the desired profit level (order limit), or to close the trade automatically if the trade is against your direction (loss limit order ).

Slight barriers to entry

You might think that starting out as a currency trader would cost you $ 1 million. The fact is that this is not the case when Forex is compared to stocks, securities or futures. Online Forex brokers offer “mini” and “micro” trading accounts, and some even open accounts with a minimum deposit of $ 10.

We’re not saying you should open an account with a minimum balance, but it does make it easier for the average person to trade forex with little initial capital to trade.

Everything is free everywhere !

Most Forex brokers offer “demo” accounts to practice and train you, along with instant Forex news and chart analysis services. Which is completely free.

Demo accounts are a very valuable resource for new Forex traders. You can easily feel the real market atmosphere in these accounts without risk. With charts and buying and selling tools, you can practice and prepare thoroughly before entering the real market.

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