No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.
A 24-hour market.
The Forex market never stops. (Expect for weekends.)
No one can manipulate the market.
The foreign exchange market is so huge 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.
Super High Liquidity.
Because the Forex Market is so huge, it is also extremely liquid. With a click of a mouse you can instantaneously buy and sell at will. You are never "stuck" in a trade.
You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).
Free “Demo practice” Accounts, News, Charts, and Analysis.
Forex brokers like our eToro offer 'demo' accounts to practice trading, along with breaking Forex news and charting services. All free!
These are very valuable resources for traders who would like to improve their trading skills with 'play' money before opening a live trading account and risking real money.
Low entry requirements.
As I said early, now days you only require $50 to start trading. Other than that you only need, A computer with a speed internet connection and eToro forex trading platform.
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