Should I trade Forex or futures?
If you're thinking of day trading futures, here are some key facts you should know. The best times to day trade Forex depends on the pair being traded.
There are several reasons why people choose to start trading Forex. Some of these reasons might include the potential to earn extra money on the side from the comfort of their own home, the opportunity to learn a new skill in their own time, or even the dream of achieving financial freedom, and having more control over their financial future. When it comes to Forex specifically though, several benefits make this financial instrument a very enticing one to trade.
Forex is the world’s largest financial market, with over 5.09 trillion USD traded every single day. In a single day, more money will be traded in the Forex markets than Japan’s entire GDP! (Gross Domestic Product). Of these transactions, 254 billion USD is traded through CFDs and other derivative instruments.
Being the largest, most active financial market on the globe, it is also the world’s most liquid market, meaning it is easy for traders to enter into, as well as exit trades, and for the most liquid pairs, they can do so at a meager cost (even less than a single pip!).
Forex is the one financial market that never sleeps, meaning you can trade at all hours of the day (or night).