Why is forex the most attractive market to trade?

There is a lot of information about the foreign currency markets available on the internet today. Much of it is useful, but of little practical value to someone who just wants enough to get started.

Size is important

You will often read or hear that foreign exchange is the largest market in the world, with daily trading volumes of nearly USD 2 trillion. But what does that mean to you, the trader?

The fact that so much money is traded every day is important for one prime reason: It means that you will always find a buyer when you want to sell, and you will always find a seller when you want to buy. You will never have to wait to buy or sell currencies online.

Trade with the world

The currency market is an over-the-counter (OTC) market which means that there is not one specific location where buyers and sellers can actually meet to exchange currencies. Instead, transactions are conducted online or less often nowadays by phone.

This is important as you can trade 24 hours a day from the opening times of the Far East markets (21:00 GMT) on Sunday evening, until closing time of the New York markets (21:00 GMT) on Friday evening – no other trading opportunity offers you this many hours of opportunity to trade with investors around the world.

Have fun

Francesco