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Forex is recognized as the world's premier trading venue by all styles of traders. With unparalleled liquidity, foreign exchange is the world's largest financial market with more than $1.5 trillion USD traded daily. Forex is no longer the exclusive domain of the world's largest banks and corporate establishments. In fact for the first time in history, it's barrier-free offering an equal playing-field for the emerging number of informed traders who are eager to trade the world's largest, most liquid and accessible market
Forex trading is not bound to any one floor or specific market and is done electronically between networks of banks continuously over a 24-hour period. There is no centralized location for trading activity and trading occurs over the Internet at locations worldwide.
The advent of the Internet has opened a whole new world for the small investor allowing him to trade this profitable market place from the comfort of his dwelling or office. All trades are calculated on very sophisticated trading software systems and finally executed via a designated dealing desk.
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Limited
floor trading hours dictated by the time zone of the trading location,
significantly restricting the number of hours a market is open and when
it can be accessed.
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The
Forex market is open 24 hours a day, 5.5 days a week. Because of the
decentralized clearing of trades and overlap of major markets in Asia,
London and the United States, the market remains open, liquid throughout
the day, and overnight.
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Threat
of liquidity drying up after market hours or because many market
participants decide to stay on the sidelines or move to more popular
markets.
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Most
liquid market in the world eclipsing all others in comparison. Most
transactions must continue, since currency exchange is a required
mechanism needed to facilitate world commerce.
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Traders are
gouged with fees, such as commissions, clearing fees, exchange fees and
government fees.
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Commission-Free
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Large
capital requirements, high margin rates, restrictions on shorting, very
little autonomy.
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One
consistent margin rate 24 hours a day allows Forex traders to leverage
their capital more efficiently with as high as 100-to-1 leverage.
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Short
selling and stop order restrictions.
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None.
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Pattern
day traders subject to restrictions requiring account balances in excess
of $50,000.
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No
restrictions. Very low account balances.
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