8 reasons to trade Forex and why it is so appealing to traders
Due to its large size ($5.3 trillion daily) and the continuous advance of technology, the FX market is being accessed by more and more traders. This also makes it attractive and convenient to enter even by beginner traders.
Why trade Forex?
- Largest financial market in the world
- Open 24 hours a day, five days a week
- Centralised, transparent market
- Very deep liquidity
- 60+ actively traded currency pairs
- Simple to understand, simple to trade
- Profit from movement in either direction (long/short selling)
- Use leverage to maximise potential profits, with reduced outlay. Remember leverage can also increase losses