Advantages of Forex market:
24 hour market: The Forex market is no waiting for the opening comment. From the Monday morning opening in 2.30 (GMT+5.30 time zone) or Australian session in the Saturday early morning 2.30 (GMT+5.30 time zone) or Friday afternoon close in New York session, the Currency market never sleeps. This is suitable for those who want to trade on a part time, because you can take your entries when you want to trade.
No fixed lot size: In the Forex market lot or Volume or position size is determined by you, But in the future markets lot or volume or position size determined by the brokers. Minimum lot size starts from 0.01 in Fx market, it will help you for choosing the volume size based on our equity or deposit and Partial volume closing also there.
No commissions: In Forex trading you no need to pay clearing fees, Government fees, Exchange fees, Service charge and Brokers charge etc, Brokers are compensated for their service charges through spread “bid ask difference” values
No middle men: You can trade directly with the Forex market at current market value because spot market trading eliminates the middleman.
No one can corner the market: The Forex market is so huge market and it has so many participants (Banks, Commercial companies, Fund managers, Retail traders) that single signal cannot control the market price.
Sell before you buy: The Forex market allows you take sell before you put a buy because in Forex trading trade in pairs only, if you sell any currency at the same time you are buying another currency. If you think market or a currency pair is going up; you can buy, if you think market going down; you can sell it.
Leverage: Your small deposit amount can control huge contract value in Forex trading. Leverage helps you to make good profits at the same time you should keep risk to a minimum.
For example, most of the brokers may offer leverage 1:100, which means that a $100 dollar deposit would enable a trader to sell or buy $10000 worth of currencies.
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