Why I trade Forex?

Many people ask me why I trade Forex, Well I think similar to people when I was introduced to Trading I didnt learn about the Forex market. It had been only natural to look in the stock market for trades. However, I found my trading was very limited, by the full time I got home from work at night all the action was over. I moved to Forex largely to benefit from the 24-hour opening hours, I'd often be found at my computer in the middle of the night waiting for the next bar to appear.

Unlike Futures, there are no trading exchanges therefore. Trading is being done from major bank institutions around the world, With commodities you are usually restricted to trading only for several hours they are open, if major news breaks and the price starts planning against you when the market is closed, you can end up losing big time while you are forced to wait for the market to open. Discover further on the affiliated paper - Click here: options trading software. With Forex you will always have a way to trade 24-hours daily 5 days a week. It also wakes up the areas in New York, London, Europe, Asia, Australia to call several as the sun wakes up each place on its journey.

The Currencies of the world are traded against each other, the hottest being the Euro the US and Swiss Franc, British Pound, Australian money and japan Yen.

Because of 24 hour trading, it's unusual to see large gaps in value like stocks have on the beginning and you often see prices in currencies trending more than stocks.

There are many advantages in trading Forex instead of Stocks, costly Data providers that you need with Stocks is exchanged for free charting pc software offered by many Forex agents. With over $1.5trillion (thats 46 times bigger than most of the future markets set together!) being traded in one single day you're always sure of a business, With Low transaction costs, no commissions or trade charges can it be no wonder more and more investors are turning to Forex.

Beware though, also with every one of these benefits trading is a high-risk sport and should only ever be trading with money you are able to get rid of. With a good Trading Strategy and Money Management in position there is no reason never to join many Traders profiting from trading the Forex markets.