The popularity of the Forex market is caused by a number of its undeniable advantages, both for beginners and for professional investors:
Through the Forex market daily volumes of more than a trillion dollars pass. The Forex market is the largest market in the world. Such liquidity allows you to open and close positions of almost any volume instantly, without any difficulties.
Unlike exchange markets, where operations are conducted only during the working session, which usually coincides with the working day in the country, the forex market operates 24 hours a day. Market participants do not need to wait for the opening of trading. In addition, there are practically no spasmodic price changes (gaps) that often occur on stock exchanges due to the fact that important information arrives outside the ranges of the trading session. Therefore, a trader can plan his trading activity with great flexibility.
Spread (the difference between buying and selling) in the Forex market is tens of times less than the spread in other markets. For example, in one of the most developed commodity markets – in the gold market the spread is more than the same in the forex market approximately 10 times.
The movement of currencies in the forex market is subject to a number of regularities, both statistical and economic. A sufficiently long period of time for which these patterns can be traced allows them to be tracked, isolated and used in trade for profit.
The Forex market, being an international currency market, is subject to national or international factors, information about which is practically public, and news tapes do not require a large fee, or are completely free of charge. This significantly reduces the cost of trade and provides an opportunity to take into account more information. Information on the rest of the markets, as a rule, is either closed or very expensive.