7 Most Important Forex Trading Advantages

Lots of traders are starting to trade Forex due to the Forex market advantages. Here are the most important Forex market advantages:

1 – 24 hours a day market
The Forex market is open 24 hours a day (except on weekends). So, no matter where you are based, you can trade Forex at your favorite time.

2 – High liquidity
Forex market is the biggest financial market in the world averaging over 3 trillion USD daily.

3 – Leverage
The leverage on Forex can be as high as 200:1 which means that you can trade up to $100K with just $500.

4 – Easy Short selling
On Forex it’s as easy to buy a currency pair as to short sell it. There’s no uptick like on Nasdaq.

5 – Free commission fees
Commission fees are 0 on Forex. The only cost in buying a currency pair is the spread.

6 – Free trading platforms
On Forex most brokers offer good trading platforms for free.

7 – Free Demo accounts
Most Forex brokers offer free demo accounts which allow you to start practicing with virtual money. This way you can learn Forex without risking your money.