Five reasons why you should trade forex

Julie Brownlee, Fsp Invest, 13 Aug. 2015

Tags: forex, trade forex, trading forex, forex trading, why trade forex,

If trading is something you want to try, you need to decide what you’re going to trade. You can trade a number of different markets.

The most liquid and largest financial market in the world is the forex market.

So why should you consider trading it?

Read on to find out…

Reason to trade forex #1: You can trade forex day and night

The forex market trades 24 hours a day, five days a week. This means you should be able to find time to trade this highly liquid market.

This is different to the stock market, which only trades during general office hours.

Reason to trade forex #2: Easy to trade

You can trade the forex market as long as you have an Internet connection. This means you can trade whilst overseas on holiday or on a business trip.

Reason to trade forex #3: Low transaction fees

The forex market is very reasonable to trade. You generally only pay for the spread between the bid and ask price.

This makes it a cheaper way to trade than trading stocks, for example.

Reason to trade forex #4: The market is very liquid

You will always be able to trade the forex market. As the most liquid market in the world, there is always a buyer and a seller.

This is different to trading shares where it may take some time to match up deals between buyers and sellers.

Reason to trade forex #5: You only need to trade a handful of currencies

Unlike trading the stock market where there are hundreds of listed shares, with forex trading, you can concentrate on trading the major currencies.

This means less time researching in comparison with stocks. It’s a much simpler way to trade.

So there you have it. Five reasons why you should trade forex.

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