The foreign exchange market is the most liquid market in the world and offers the possibility to trade significant volumes without the risk of being locked in unfavourable positions. The daily trading volume of the forex market is of the order of $2000 billion ($2 trillion), which is 40 times bigger tahn the average daily trading volume of the New York Stock Exchange.

Like the futures markets, spot currency trading is an excellent vehicle for pattern daytraders who desire to leverage their current capital to trade. Spot currency or forex trading provides more options, greater volatility and stronger trends than currently available in stock futures indexes, which makes it an excellent companion to technical analysis trading.

Some of the advantages of the foreign exchange market include:
• Quicker access and cheaper cost.
• The large trading volume.
• Analysts and big players are less likely to influence the market.
• Spot currency involves no commissions.
• Availability of big leverage.
• The extreme liquidity of the market.
• The large number  and variety of traders in the market.
• The  geographical dispersion.
• The long trading hours - 24 hours a day (except on weekends).
• The variety of factors that affect exchange rates.
• Only 4 major currency combinations compared to thousands of stocks.

For additional information please contact us.