There are 10 major reasons why the currency market is a great place to trade:
- You can trade to any style - strategies can be built on five-minute charts, hourly charts ,daily charts or even weekly charts.
- There is a massive amount of information - charts, real-time news, top level research - all available for free.
- All key information is public and disseminated instantly.
- You can collect interest on trades on a daily or even hourly basis.
- Lot sizes can be customized, meaning that you can trade with as little as $500 dollars at nearly the same execution costs as accounts that trade $500 million.
- Customizable leverage allows you to be as conservative or as aggressive as you like (cash on cash or 100:1 margin).
- No commission means that every win or loss is cleanly accounted for in the P&L.
- You can trade 24 hours a day with ample liquidity ($20 million up)
- There is no discrimination between going short or long (no uptick rule).
- You can't lose more capital than you put in (automatic margin call)
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