Forex is the world's largest market, with about 3.2 trillion US dollars in daily volume and 24-hour market action. Some key differences between Forex and Equities markets are:
- Many firms don't charge commissions – you pay only the bid/ask spreads.
- There's 24 hour trading – you dictate when to trade and how to trade.
- You can trade on leverage, but this can magnify potential gains and losses.
- You can focus on picking from a few currencies rather than from 5000 stocks.
- Forex is accessible – you don’t need a lot of money to get started.
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