8 reasons to trade Forex
Due to the sheer size ($5.3 trillion traded daily) and a continuous advancement in technology, the Forex market is being accessed by more and more traders. This also makes it attractive and convenient for traders of all skill levels.
Why trade Forex? Traders find the market appealing because:
- Largest financial market in the world
- Open 24 hours a day, five days a week
- De-centralised, transparent market
- Deep liquidity
- 60+ actively traded currency pairs
- Simple to understand, simple to trade
- Profit from movement in either direction (long/short selling)
- Use leverage to maximise potential profits, with reduced outlay.