The Forex market is vast – the largest market in the world with more than $5 trillion traded on a daily basis, compared to the futures market that trades a mere $30 billion every day. All this liquidity means orders can be executed with little to no slippage and there’s always someone willing to take the other side of the trade.
Around The Clock:
Forex is the 24-hour market – around the globe trading. No waiting for exchanges to open. Trading begins at:
- 5 p.m. EST for the Sydney market
- 7 p.m. EST for the Tokyo market
- 3 a.m. EST for the London market
- 8 a.m. EST for the New York Market
Before trading closes in New York, the market in Sydney opens up – 24 hours of market trading.
Buy or Sell Makes No Difference:
Unlike the equity market, there is no restriction on short selling in the currency marketing. Trading opportunities exist in the currency marketing regardless of whether a trader is long or short or whatever way the market is moving. Since currencies get traded in pairs, it always involves buying one currency and selling another. Therefore, there is no structural bias to the market. This means you always have equal access to trade in a rising or falling market.
Many brokers offer high leverage, which means you can start trading with just a few hundred dollars. Although we don’t recommend using more than 1:100 leverage and start with $2,500 if you’re a beginner.
Forex trading strategies can be easily replicated on large or small account. It does not matter do you have $2,500 account or a $1 million account, you can trade the same trading systems and expect the same order fills and same account growth.