What is Forex ?
The currency trading market, or more commonly known as Forex, is a place where individuals, companies and even governments trade various currencies.
Simply put, the trading market is the market where currencies are bought and sold by you or a third party.
Open 24 hours a day, 5 days a week, unlike the stock or bond markets, the foreign exchange market does not close at the end of each day. Instead, trading simply moves to different financial centers around the world. The day begins with the session in Sydney, Australia and then moves on to Tokyo, Japan, then London, England, then Frankfurt, Germany and finally New York, USA before it’s time for Sydney to start the infinite loop again!
Compared to various stock, commodity and bond markets around the world, the foreign exchange market is by far the largest financial market in the world. The New York Stock Exchange sees an average of $22.4 billion in daily trading volume, while the London Stock Exchange sees an average of $7.2 billion in daily trading volume.
Those are very big numbers, right? Well, the foreign exchange market is an absolutely huge $74.3 billion, compared to all of them!
The most attractive thing about forex trading is how easy and accessible it is to trade for ordinary people like you! Known as “Forex Trading”, these are people who trade in the foreign exchange market from their own homes with nothing more than a computer, an internet connection and their own personal trading account at a foreign exchange broker such as Vantage FX.
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Can you trade alongside companies, governments and central banks?
We offer you to open a demo account with Vantage FX.
Why trade Forex?
If you were to ask someone on the street what their opinion was on Forex trading, you would probably get the following answers:
“Why the hell would you want to throw your money away like that?”
“Your broker is going to steal your money.”
“You’re much safer to invest in blue chip stocks over the long run.”
For one reason or another, Forex is unfortunately considered by many to be a risky scam, to get rich quick. But is that a fair assessment? Well, the answer is both yes and no.
Like most things in life, people fear what they don’t really understand and if you don’t educate yourself and dive head-on into your life savings trading with an unregulated broker, what the hell do you expect? Of course, you could lose your money…
On the other hand, if you take the time to educate yourself as a trader, understand the leverage you have, the financial regulations of your broker and, most importantly, how to manage your risks, Forex may be the ideal market for you. trade!
So, what are some of the advantages that forex trading has over commercial stocks and other markets?
Forex Trading Is Simple Enough
Unlike other forms of investment, it’s easy to get into forex trading. When you compare what you need to start trading currencies with what you need to start buying stocks, options or futures, you will find that they are nothing in comparison.
All you need to trade currencies is a computer, an Internet connection and a mind that wants to learn! Open an account at a foreign exchange broker such as Vantage FX with as little as $100 and take advantage of the copious amounts of free forex education available on the Vantage FX website!
Forex Trading, Is For All Portfolio Sizes
As you just read, forex trading does not require you to deposit tens of thousands of dollars into your account to begin with. You can open an account and start trading forex with as little as a $100 deposit.
Another huge advantage of trading stocks, options and futures is the cost of entering and exiting a trade. With other instruments and financial markets, you can pay huge fees to enter and exit a single trade. Forex, on the other hand, allows you to trade as little as 0.01 of a standard lot, paying only the spread.
The Ability to Trade Currencies Anywhere, Anytime
Unlike your 9 to 5 day job, forex trading doesn’t limit you to your desk or site. If you don’t want to be indoors, don’t! Forex gives you the ability to trade anywhere, anytime. Trade wherever and whenever you want, it’s up to you.
Access your MetaTrader 4 account on a computer, laptop, web browser, tablet or mobile phone. All you need is an Internet connection. Always be connected to the market and never miss a trading opportunity and wish you could take advantage of it!
The world’s largest market
Here’s a question for you. How many stock charts have you looked at and have you seen gaps scattered throughout the chart?
Remember that gaps mean you can’t get in or out of a trade at these prices, because no one is just looking to buy or sell there. This adds a whole other element of risk to securities traders that currency traders need not fear.
The foreign exchange market is the largest and most liquid market in the world.
Get started now by opening an account at our preferred Forex Broker and receive a $250 bonus for a $500 deposit.