Although most individuals have never heard of the Global Interbank Currency market, the Forex market is the largest financial market in the world, with over 1.5 trillion dollars changing hands daily and soon expected to top $2 trillion in the year 2002. This market alone is more than three times the total amount of the US Equity and Treasury markets combined.
In an economic climate where investors look to the stock market and real estate for investment outlets, Forex Trading offers a competitive alternative.
Forex trading is not bound to any one floor but done electronically between networks of banks continuously over a 24-hour period. The word “market” is a slight misnomer in describing Forex trading. There is no centralized location for trading activity (“pit”) as there is in stocks and futures. Trading occurs over the phone and through the computer terminals and over the Internet at locations worldwide.
You can now become part of this fast-moving, complex and enormously lucrative market by using your PC or in the comfort and privacy of your home, office, PDA or web-enabled mobile phone
Start earning your financial freedom today!
How does Forex compare with other financial markets?
The Forex market is open 24 hours a day, 5.5 days a week. Because of the decentralized clearing of trades and overlap of major markets in Asia, London and the United States, the market remains open and liquid throughout the day and overnight. Most other markets are dictated by the time zones of their trading locations.
Whilst most financial markets may incur commissions, clearing-and exchange fees, Forex is commission free.
There are no restrictions on short selling and stop orders in Forex as there are in the other financial markets. One 24-hour a day consistent margin rate allows Forex traders to leverage their capital more efficiently with as high as 100-to-one leverage. With a start up requirement of $2500, Forex trading is much more accessible than other markets with high margin rates and huge capital requirements.
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