Education / Forex market/ Advantages of trading
The main merits of the FOREX market are:
- The biggest number of participants and the largest volumes of transactions;
- The market works 24 hours a day, every working days;
- Superior liquidity and speed of the market: transactions are conducted within a few seconds according to online quotes;
- A trader can open a position for any period of time he wants;
- No fees, except for the difference between buying and selling prices;
- An opportunity to get a bigger profit that the invested sum;
- Qualified work in the FOREX market can become your main professional activity;
- You can make deals any time you like.
There is no single unified foreign exchange market. Due to the over-the-counter (OTC) nature of currency markets, there are rather a number of interconnected marketplaces, where different currency instruments are traded. This implies that there is no such thing as a single dollar rate - but rather a number of different rates (prices), depending on what bank or market maker is trading. In practice the rates are often very close, otherwise they could be exploited by arbitrageurs.
The main trading centers are in London, New York, Tokyo, and Singapore, but banks throughout the world participate. As the Asian trading session ends, the European session begins, then the US session, and then the Asian begin in their turns. Traders can react to news when it breaks, rather than waiting for the market to open.
Major world exchange markets:
- AMEX - American Stock Exchange
- BOVESPA - Sao Paulo Stock Exchange
- CBOT - Chicago Board of Trade
- CHX - Chicago Stock Exchange
- CME - Chicago Mercantile Exchange
- Commodities on the Web - List of the commodities
- LIFFE - London International Financial Futures and Options Exchange
- London Stock Exchange -London Stock Exchange
- Nasdaq
- NYMEX - New York Mercantile Exchange
- NYSE - New York Stock Exchange
- SBF - la Bourse de Paris
- SES - Singapore Exchange
- SET - Stock Exchange of Thailand
- TSE - Tokyo Stock Exchange
- TSE - Toronto Stock Exchange
- LSEX - London Stock Exchange
- CBOE - Chicago Board Options Exchange CBOE
- PHLX - Philadelphia Stock Exchange
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