The forex market involves the trading of currencies and is the largest financial market in the world with an estimated daily turnover of $1.5 trillon dollars. This is 30 times larger than all the US stock markets combined. The forex market is open 24 hours a day 5 days a week.
Historically, the FX market was available mainly to major banks, multi-national corporations, and other wealthy participants who traded in large transaction sizes. Now, however, with the advent of the Internet and new technology, forex trading is becoming an increasingly popular investment alternative for the general public.
More and more investors are moving away from the traditional markets and turning to forex trading for many reasons.:
Earn a full time income from a part-time effort starting with as little as $300 in your account. Begin with a demo account until you feel comfortable opening a live account
Lower margin requirements for trading forex, usually about 1% which equal $1000 for a $100,000 contract. Compare this to the 50% margin requirements in the stock market.
No commissionwhen you trade stocks or commodities you have to pay brokerage fees.