The foreign exchange market or forex market is a global decentralized market that determines
foreign exchange rates for every currency. The forex market involves all aspects of buying, selling
and exchanging currencies at current or determined prices. It’s the most heavily traded market with an average daily trading volume that exceeds $5 trillion and participants ranging from individuals to businesses to even countries.
Here are some of the best advantages of trading Forex:
24 Hour Availability
The forex market trades around the clock meaning that as one region’s market closes another one
opens up. Traditionally the market is divided into three separate trading sessions, Tokyo, London
and New York. This 24-hour access gives traders quick and easy ways to enter or exit positions while its huge depth reduces the possibility of experiencing partial fills or price slippages.
A small deposit can go a long way! Forex brokers often allow traders to buy and sell in the market
using significant amounts of leverage, enabling traders to open high positions with a relatively small amount of capital. Whilst this opens up the potential for increased profit you can still run the risk of losing a substantial amount of money. Hone your skills and gain more confidence using leverage with LonghornFX’s free Demo Account.
Forex trading has been quick to adapt and embrace technological advancements such as global
connectivity allowing individuals to trade effectively in real-time from anywhere in the world. Forex trading has also benefited from third-party software providers like the MetaTrader4, which offers a variety of add-ons and plug-ins designed to help traders make well-informed decisions. Experience trading with a difference with LonghornFX and enjoy access to the award-winning MT4 platform. Learn more at LonghornFX.
Want to get in on the action? LonghornFX has got you covered! Enjoy up to 1:500 leverage, tight
spreads and low commissions on 55 currency pairs from EUR/USD to GBP/JPY.