Why Trade Forex
There are too many reasons that attract you to trade Forex, some of them are below.
Ease of entry
The barriers to entry are much lower than the traditional financial markets. You can easily trade micro lots with as little as $100.00 in your account! Moreover, accounts can often be funded by credit cards and opened/traded the same day. Truly, anyone with the desire to trade can get a start in the Forex market
Trading goes on all around the world during different countries’ business hours. You can, therefore, trade major currencies at any time, 24 hours per day, and 5 days per week. Since there are no set exchange hours, it means that there is also something happening at almost any time of the day or night.
Win from both bull and bear markets
Unlike many other financial markets, where it can be difficult to sell short, there are no limitations on shorting currencies. If you think a currency will go up, buy it. If you think it will fall, sell it. This means there is no such thing as a “bear market” in Forex – you can make (or lose) money any time.
Because of the deep liquidity available in the Forex market, you can trade Forex with considerable leverage (up to 200:1). This can allow you to take advantage of even the smallest moves in the market. Leverage is a double edged sword, of course, as it can significantly increase your losses as well as your gains.