There are many advantages to trading in
Forex, including:
- Liquidity: Because of the size of the Foreign Exchange Market, investments
are extremely liquid. International banks are continuously providing bid and ask
offers and the high number of transactions each day means there is always a
buyer or a seller for any currency.
- Accessibility: The market is open 24 hours a day, 5 days a week. The market
opens Monday morning Australian time and closes Friday afternoon New York time.
Trades can be done on the Internet from your home or office.
- Open Market: Currency fluctuations are usually caused by changes in
national economies. News about these changes is accessible to everyone at the
same time - there can be no 'insider trading' in
Forex.
- No commission Fees: Brokers earn money by setting a 'spread' - the
difference between what a currency can be bought at and what it can be sold at.
