BENEFITS OF FOREX

Below are the benefits of trading the Forex markets:

Minimum Brokerage Commissions
Transacting in the FOREX market does not require much brokerage commission expense. As any experienced trader knows, equity transactions and futures transactions both require brokerage commission that, in some cases, constitute a significant expense. Minimum brokerage commission is an immediate cost saving to the FOREX trader.

Minimum Starting Balances
The minimum starting balance for accounts is $300 thus placing FOREX trading within reach of those individuals who have only a modest amount of risk capital. Furthermore, an operational FOREX policy automatically closes all open positions the moment margin in an account drops below the required level. This helps to ensure that the trader never loses more money than that originally deposited.

Streaming Real-Time Quotes
In the FOREX market, traders execute directly off streaming real-time bid and offer quotes. The bid or ask one sees quoted is typically the price at which one is able to deal. Whilst there may arise discrepancies between the two, it should be noted that in most markets, a trader may face uncertainty with regard to price fills for an order, especially when transactions are executed on an exchange floor to which the trader does not have direct access to.

Open 24 hours a Day
The FOREX market operates continuously from its open at 2pm Sunday afternoon New York time with the Sydney-Auckland market until its close at 5pm Friday in New York. FOREX trading follows the day around the world: from Sydney to Tokyo to London to New York. The seamless 24-hour nature of the FOREX market enables the trader to react to news as it occurs - regardless of the time. It gives the trader the flexibility to set their own hours of the trading day.