You have to have some trading skills to be able to trade in the Foreign Exchange Markets “FOREX “. This means you need to have some time to train yourself. This is what we are providing you here throughout our free training courses to learn how to trade forex.
Forex Market, which is known also as the foreign exchange market becomes very popular around the globe. An attractive number of the traditional securities markets traders are shifting their investments to the forex markets. Why is that? And is Forex trading suitable for you? Answers to those questions is easy considering the below features.
- Easy access to markets:
This is the most important reason why forex becomes so attractive. As the obstacles against getting into this market is way less comparing to the traditional markets. In traditional markets, for example, you need to have a minimum of $25,000 in your trading account, the futures broker also requires a high margin levels with thousands of dollars. Forex market, on the other hand, allows you to access the international markets with a fraction of money with no more than $250..!! it also allows you a mini contracts with a leverage up to 1/400 which let you trade a lot worth of $10,000 with no more than $25. Funding is also available on credit card and you can trade at the same day if all of your documents are correct.
- Trading on 24/7 basis:
The foreign exchange markets follow the sun around the word. No matter whether it’s a day or night, you can find a forex pair to trade anytime. The forex market is open 24 hours a day, 5 days a week. This makes the full time employees or the busy businessmen trade this market in their free time.
- Free trading tools & applications:
Traditional stock & future markets traders are used to pay for specific pricing & technical analysis programs , they are also paying a fees for getting access to the trading platforms of these markets. Forex brokers, in contrast, offers all daily markets analysis, forex news, seminars & webinars in a user friendly way . usually those tools cost more than $250 a month if you are using them for traditional markets brokers.
- No commission:
traders pay only the difference between the bid & the ask price, which is called “ spread “. And this is the only revenue the brokers are getting in general.