Trade the world’s largest liquid financial market.
The Foreign Exchange market or Forex market is the world’s largest financial market with an average trading size exceeding 5.3 trillion per day. Currency trading is one of the most attractive markets for both new and experienced traders.
Benefits of Forex Trading
Markets are open 24 hours, 5 days a week with round-the-clock online availability. Traders can access the market when it suits them across the MetaTrader 4 platform and devices.
Low Barriers to Entry
Compared to trading stocks, options or futures, the start up cost for trading Forex is minimal. Account deposit amounts starts from $200 and the ability to trade in micro lots (0.01 Lots) is standard. This gives traders the ability to manage their risk and trade accordingly to their account balance.
Leverage allows the trader to use a small deposit to control a much larger total contract value and position. For example, a $1,000 trading account with a leverage of 100:1 would allow the trader to open a position with a value of $100,000. However, it is important to note that leverage equally enables the trader to maximise both potential profit and loss.
The Forex market has superior liquidity due to its sheer size. Liquidity means that your assets can be quickly converted to cash without a price discount, this makes it easy to convert a large sum of money into a foreign currency with little impact on the price.
Trade both Rising and Falling Markets
Unlike equity markets that are known by their “Buy Low, Sell High” slogan and short selling restrictions, there are no restrictions in the Forex market as to which direction to trade. Traders are able to go long and short in line with their view.
Unlike other exchange based markets where larger players have been known to move stock to gain an advantage, the deep liquidity and large number of participants in the market means that no single entity can control the market price for an extended period.