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Forex Training - Why trade
Forex?
24-Hour Market
The Forex market is a seamless 24-hour market.
GFX's trading hours are from from Sunday at 5PM EST until Friday
at 5PM EST. With the
ability to trade during the U.S., Asian, and European market
hours, traders have the advantage of customizing their own
trading schedule.
Commission Free Trading
GFX charges no commission or additional transactions fees,
unless otherwise agreed,
to trade currencies online or over the phone. Combined with
the tight, consistent, and fully transparent spread, Forex
trading costs are lower than those of any other market.
Instantaneous Execution of Market Orders
GFX prides itself in offering the best execution possible in
all market conditions. GFX offers instantaneous execution
and price certainty on every market order under normal
market conditions. On GFX's trading platform, traders execute directly
on real time streaming prices.
Profit potential in both rising and falling markets
Unlike the equity market, there is no restriction on
short selling in the currency market. Trading opportunities
exist in the currency market regardless of whether a trader
is long or short, or which way the market is moving. Since
currency trading always involves buying one currency and
selling another, there is no structural bias to the market.
Hence, a trader has an equal access to trade in a rising or
falling market.
200:1 Leverage
100:1 leverage is commonly available from online FX dealers,
which substantially exceeds the common 2:1 margin offered by
stock brokers. At 200:1 offered by GFX, traders post
$500 margin for a $100,000 position, or 0.5%.
While certainly not for everyone, the substantial leverage
available from online currency trading firms is a powerful,
moneymaking tool. Rather than merely loading up on risk as
many people incorrectly assume, leverage is essential in the
Forex market. This is because the average daily percentage
move of a major currency is less than 1%, whereas a stock
can easily have a 10% price move on any given day.
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