Forex Day Trading Prospects
Compared to Equities or Futures, it can be easily said that the
Forex market has several advantages and benefits. And Forex being
a 24-hour market gives Currency trading the biggest advantage
With no external control and a market open to all, Forex is the
perfect currency trading platform to invest in. with the power in
the hands of the currency traders, to choose any time of day to
trade, whenever they want to, Forex trading basically puts the
traders or investors in charge of how they want to trade and how
much as well.
This is also because of the fact that Forex currency trading
requires a very less amount of starting investment, which can
easily enable a trader to open an account and start trading,
unlike the cases in Stock Exchange and Futures market, where in, a
fair amount of capital is required to start trading.
This facilitates trading for individuals or small traders, who can
easily start trading small in the Forex market.
Being a round the clock market, Forex day trading enables the
investor to select any time to trade, whatever is more suitable to
him/her. Allowing trading for 5 and a half days a week, 24 hours a
day, provides Forex traders with incomparable freedom leaving the
decision for currency trading in their hands, whenever they want
to, and not when the market allows them.
The Forex market is known as the Day Trading market because of the
reason that basically, it trails the sun going around the world,
and shifting from one main economic or banking center to another,
starting from the United States to Australia, to New Zealand to
the Far East, and towards Europe and then, again back to the
With Forex, all through a trading day, the currency trading volume
on the whole is established by two factors, one being which
markets are open, and second being the time when every one of
these Forex markets partly overlap one another.
The currency price at Forex day trading market, changes every
second. One second a currency is up, the other second the other
beats it to go high. Currency trading volume at Forex market
remains high throughout, but it hits the highest point when the
U.S, London and European markets are open, all at the same time,
which only happens between the time periods of 1 p.m. to 4 p.m. by
the GMT (Greenwich Mean Time).
As compared to the high volume of the U.S market, the level of the
Pacific border markets, Japan and Hong Kong for instance, is quite
low, but this still provides a Forex investor the opportunity to
study and explore the vastly traded markets and currencies of the
With more than $2 trillions of money being traded every day, Forex
market is indisputably the biggest fiscal or financial market in
the whole world. Here, the investors need to focus only on a few
major currencies, rather than hundreds of equity or stocks. Forex
market also is known for its fair costs and thin spreads.
Furthermore, Forex market has high levels of liquidity as compared
to any other financial market and this is what makes Currency
trading market the biggest economic market in the whole world.
This liquidity largely comes from the banks which provide liberal
cash flow to individual investors, companies and trade houses. And
since the Forex market is a 24 hour market, the currency exchange
trading experiences superior liquidity around the clock, as
compared to the stock market, which contains a limited time period
for high liquidity.
The instant trading through various means of communication such as
phone and internet makes Forex day trading an instant trading
business alongside making it a global trading platform.
With such high levels of liquidity, round the clock trading and
steady trading prospects, Forex currency exchange market is
undoubtedly one of the most profitable and potential business
Another basic benefit offered by the Forex market is that it is a
no-commission market. With this free of commission trading, an
investor gets to keep whole of the profit that he has earned
through a day’s trading at the market. Keeping 100% of the profit
is indeed a great deal for any trader today!
Taking advice from proficiently experienced Forex brokers will get
you standard features like 100:1 leverage and regulated FCM status
along with commission-free trading, to make your trading
experience more professional.