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Advantages of Trading Foreign Currency Over Shares
Trading foreign currency (FX) as opposed to Shares / CFDs or futures has many significant advantages.
No Brokerage Fees
When you buy and sell shares or CFDs you are charged a brokerage fee, anywhere from $10-$30 to buy and $10-$30 to sell. Foreign Exchange traders benefit from brokerage free trading.
No Data Fees
To gain access to current live stock market data you have to pay for it. Some brokers offer very basic data for free, but if you want to be active in the share market you need to pay for the right data at a high price. Foreign Exchange traders benefit from free live charting that includes features such as custom built indicators, price alerts, and trade alerts.
Free “Demo” Accounts, News, Charts, and Analysis
Forex Explained offers 'demo' accounts to practice trading. You can practice your skills for as long as you need and develop your trading plan without risking a cent.
Increased Liquidity
The foreign exchange market turns over about $4 TRILLION per day. That’s 3 times all the other markets combined. Ever been stuck with stock that you can't sell? Or it's falling so fast you can't get out at a decent price? With huge liquidity there are always buyers and sellers in the foreign exchange market, and traders do not experience the problems they do with share trading.
Five Days Per Week 24 Hours a Day
The foreign exchange market is a network of international banks and institutions and therefore not restricted to one place or a 9-5 opening time like the share market. Trading begins in Sydney Australia Monday morning time (Sunday afternoon in the USA) and continues all the way to Sydney Australia Saturday morning time (Friday afternoon in the USA). 24 hours a day 5 days per week, there are always buyers and sellers actively trading. Having a day job no longer prevents you from trading. Trade when you want, for as long as you want.
Profit In Rising and Falling Markets
Trading in rising markets (long) or falling (short) is standard practice for foreign exchange traders. There are no limitations placed on short trades such as up-tick rules. Short selling foreign exchange never gets put on hold as is the case with the Australian stock market.
Improved News and Market Information
Foreign exchange news announcements are scheduled well in advance and often occur on the same date and time each month. No more spontaneous profit downgrades, no more trading holds, no more insider trading. Forex Explained gives you access and information on all scheduled news announcements for the coming week – stay informed.
No-one Can Corner the Market
The foreign exchange market is so large and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
No Brokerage Fees
When you buy and sell shares or CFDs you are charged a brokerage fee, anywhere from $10-$30 to buy and $10-$30 to sell. Foreign Exchange traders benefit from brokerage free trading.
No Data Fees
To gain access to current live stock market data you have to pay for it. Some brokers offer very basic data for free, but if you want to be active in the share market you need to pay for the right data at a high price. Foreign Exchange traders benefit from free live charting that includes features such as custom built indicators, price alerts, and trade alerts.
Free “Demo” Accounts, News, Charts, and Analysis
Forex Explained offers 'demo' accounts to practice trading. You can practice your skills for as long as you need and develop your trading plan without risking a cent.
Increased Liquidity
The foreign exchange market turns over about $4 TRILLION per day. That’s 3 times all the other markets combined. Ever been stuck with stock that you can't sell? Or it's falling so fast you can't get out at a decent price? With huge liquidity there are always buyers and sellers in the foreign exchange market, and traders do not experience the problems they do with share trading.
Five Days Per Week 24 Hours a Day
The foreign exchange market is a network of international banks and institutions and therefore not restricted to one place or a 9-5 opening time like the share market. Trading begins in Sydney Australia Monday morning time (Sunday afternoon in the USA) and continues all the way to Sydney Australia Saturday morning time (Friday afternoon in the USA). 24 hours a day 5 days per week, there are always buyers and sellers actively trading. Having a day job no longer prevents you from trading. Trade when you want, for as long as you want.
Profit In Rising and Falling Markets
Trading in rising markets (long) or falling (short) is standard practice for foreign exchange traders. There are no limitations placed on short trades such as up-tick rules. Short selling foreign exchange never gets put on hold as is the case with the Australian stock market.
Improved News and Market Information
Foreign exchange news announcements are scheduled well in advance and often occur on the same date and time each month. No more spontaneous profit downgrades, no more trading holds, no more insider trading. Forex Explained gives you access and information on all scheduled news announcements for the coming week – stay informed.
No-one Can Corner the Market
The foreign exchange market is so large and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.