With more than $5.7 trillion USD (BIS, 2013) being traded daily, the Foreign Exchange (Forex) market is the world's largest financial market. The Forex market was once only available to large privileged organisations due to significant financial requirements and the large minimum deal size, but now retail investors can participate in this market thanks to the internet and retail brokers. The following are some advantages of Forex trading:
Forex gives its traders the opportunity to trade around the clock. Being a Forex trader, you can trade 24 hours a day from Monday to Saturday. In other words, the market allows you to trade at your convenience and to react instantly to any breaking news in the market.
Flexible Trading Times
The market is constantly moving and adjusting to the publication of economic data, changing political developments, and the fluctuating prices of financial assets or commodities, 24x7. Regardless of whether a currency is rising or falling in value relative to another currency, there are opportunities to profit whenever and wherever you are.
Another attractive advantage of Forex trading is that traders can use leverage to boost the profit potential of their account balance; in fact, Forex allows one of the highest amounts of leverage obtainable by investors.
High liquidity &
Low transaction costs
Since the market is huge, it offers investors high liquidity and relatively low transaction costs in the form of bid-offer spreads. With just a single click you can easily buy or sell your preferred currency pair.
No one can corner
The foreign exchange market is so huge and has so many participants that no single entity can control the market price for an extended period of time.