Wednesday, August 5, 2009

Why Trade Currencies?

Forex is the world's largest market. With about 3.2 trillion US dollars in daily volume and 24-hour market action, we believe it is a true "step above" the equities market for the serious trader. Some key differences are:

  • Many firms don't charge commissions – you pay only the bid/ask spreads.
  • There's 24 hour trading – you dictate when to trade and how to trade.
  • You can trade on leverage, but this can magnify potential gains and losses.
  • You can focus on picking from a few currencies rather then from 5000 stocks.
  • Forex is accessible – you don’t need a lot of money to get started.

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