Forex is a true 24-hour market, open continuously from 5:00pm ET on Sunday to 5:00 pm on Friday. With three distinct trading sessions in the US, Europe and Asia, you can trade on your own schedule and immediately respond to breaking financial news, whether it will be morning, noon or night. So let's discuss some of the benefits that might make you want to go and learn Forex currency trading online.
There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market: no commissions and exchange fees, direct trading with no middlemen, no fixed lot size, low transaction cost, a 24-hour market, no single entity (not even a central bank) can control the market, leverage, high liquidity, mini/micro trading, free demo accounts, news, charts, and analysis. Not to mention that you're your own boss, you decide which days you wish to work, and you don't have to deal with neither customers, nor employees.
How is it all possible? In spot Forex, brokers are compensated for their services through the bid-ask spread, so you don't need to pay any additional fees. The retail transaction cost (the bid/ask spread) is built into the bid/ask spread and is usually less than 0.1 percent under normal market conditions. Dealing spreads of as low as 3 pips (.0003) are now available in currency trading. This may sound compelling enough however, you must remember that to become a successful trader you will still need to seriously learn Forex currency trading online for at least 6 month.
You can also determine your own lot size which allows to trade even with small accounts, starting as low as $250. Because of leverage, in Forex, a small margin deposit can control a much larger total contract value. For example, Forex brokers offer 200 to 1 leverage (200:1), which means that, say, a $50 dollar margin deposit would allow a trader to buy or sell $10,000 worth of currencies and so on. But leverage is a double-edged sword that can sometimes result in large losses if used without proper risk management.
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