Why Forex?

28

FEB,2018

Why Forex?

First of all, you must be known what does the Forex Market have to offer you?

The offers are Accessibility, 24 x 5 Hours Market & Liquidity

Accessibility

This is as simple as that. Forex market gives you the ease to access the market as per your availability.

It’s no wonder that the Forex market has the trading volume of 4 trillion a day – all anyone needs to take part in the action is a computer or mobile device with an internet connection.

Whenever you have time to trade during weekdays, the Forex market is accessible to you with never before opportunities based on your preferences and availability.

24 x 5 Hours Market

The Main reason is Forex market is open 24 hours a day, so that you can be right there trading whenever you hear a financial scoop. Market trades continuously work 24 hours per day, five days a week.

This allows for the Forex market to trade at the right level to fill your order at, no matter what time of the day or night it is.

Holidays in the Forex market are at best partially observed. When one country is celebrating a holiday, generally other countries may not be, as is often the case with national or religious holidays. Also, because of the differences in cultures, while a bank holiday can be observed all over Asia for example, the Forex market will usually be open in Europe and the United States.

Liquidity

For an asset, its liquidity is its ability to be bought or sold without any discount.

The foreign exchange market (Forex) is the largest financial market in the world is so liquid is because its tradable 24 hours a day during week days with a daily turnover of just over $6 trillion! Now apart from being a really cool statistic of the Forex market is also one of its biggest advantages.

Liquidity thus reflects the amount and frequency the asset and traded. The more something is bought and sold, an individual's ability to charge premium or look for discounts lowers. However the less liquid something is, the harder it will be for it to be bought or sold.

For more information stay with www.citymarkets.com and get more Forex news and information.