Advantage of Forex
No middlemen
Forex trading is independent without any middlemen and allows you to trade directly with the market for the pricing on a particular currency pair.No commissions
There are no any no exchange fee, clearing fee, no government fee, no brokerage fee. Most brokers are serving their services through -bid-ask spread.No fixed lot size
In the others markets, lot or contract sizes are determined by the exchanges. A standard-size contract for silver futures is 5,000 ounces. In forex, you determine your own lot and your position size. This allows traders to participate with accounts as small as $1.Transaction costs is Low
The retail transaction cost (the bid/ask spread) is usually less than 0.1% under normal market conditions. At larger dealers, the spread could be as low as 0.07%. Of course this depends on your leverage.24-hour market
There is no waiting for the opening time. From Monday morning opening in Australia to the afternoon close in New York, the forex market never stop. This is big facility for those who want to trade on a part-time basis, because you can choose when you want to trade: morning, noon, night, during breakfast, or in any time.Leverage
In the forex market, a small depositor trader can control a much larger total contract value. Leverage gives the trader the ability to make good profits, and at the same time he/she can keep risk capital to a minimum.For example, a forex broker may offer 10-1 leverage, which means that a $10 dollar margin deposit would enable a trader to buy or sell $100 worth of currencies. Similarly, with $100 dollars, one could trade with $10000 dollars.But remember that Without proper risk management, this high volume of leverage can lead to large losses as well as gains.
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