Friday, November 6, 2009

Why Forex

Forex is open 24 hours a day, 5.5 days a week.
Forex is the most liquid market in the world.
with up to 400:1 leverage on accounts of $10,000 or less. Without appropriate use of risk management, a high degree of leverage can lead to large losses as well as gains.
No restrictions on short selling which allows you to enjoy trading opportunities during any market condition.
The foreign exchange market is the world’s largest financial market, but it wasn’t always accessible to any typical trader. Remember, forex trading is not conducted on a regulated exchange and as a result, there are additional risks associated with forex trading. In the past, access to foreign exchange of currencies was limited to banks, hedge funds, major currency dealers and the occasional high net-worth individual. But smaller financial institutions wanted to take advantage of the many benefits forex offered over other markets, including its tremendous liquidity, 24-hour access 5.5 days of the week and the strong trending nature of currency exchange rates.
It was this entrepreneurial vision of the smaller financial institutions and the evolution of the Internet that made forex accessible at a retail level. These institutions, including GFT, combined the accessibility of the Internet and fast and efficient proprietary software with accurate pricing, charting abilities, technical indicators and news feeds, which allowed any interested speculator open access to trade currencies. From 2002 to 2005 the practice of trading forex has grown threefold and this growth curve continues still. So read more about the benefits of using GFT and our access the world’s largest, fastest, most exhilarating market.

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