Where to Start?
Embarking on your forex journey? Discover where to start with our comprehensive guide. Gain insights into the basics, strategies, and tools that pave the way to successful trading.
START TRADING IN 5 MINUTES WITH THESE
3 EASY STEPS:
THE FOREX MARKET IS HUGE:
Thanks to its sheer size, it is almost impossible for any one person, institution or government to control the forex market for long. At an estimated $3.98 trillion plus, the average daily turnover of the forex market easily trumps that of the New York and London Stock exchanges put together.
THE FOREX MARKET OFFERS 24/5 ACCESSIBILITY:
Forex trades can be made 24 hours a day, 5 days a week. The market runs non-stop from 20:15 GMT on Sunday until 22:00 GMT on Friday.
THE FOREX MARKET HAS UNRIVALED LIQUIDITY:
With its massive scale and 24/5 accessibility, forex is exceptionally liquid, making entering and exiting even very large positions comparatively simple. With massive corporations and central banks trading forex, there’s plenty of room for you, too!
THERE IS NO CENTRAL CONTROL IN FOREX:
Forex has no centralized market or regulatory control. The Internet makes it easy to participate in forex via computers linked to brokers, banks and other traders around the world. Regulation is administered locally wherever banks and brokerages are registered, which means you enjoy the protection of local regulatory authorities without the limitations of central control.
FOREX OFFERS UNPARALLELED LEVERAGE:
Forex allows you to make big profits while risking small amounts of money. Here at ExecutiveFX, you can trade with leverage as high as 500:1 if you want. But you don’t have to gear your trades that high if you prefer lower levels of risk.
FOREX IS OPEN TO EVERYONE:
The forex market was once the domain of institutions and wealthy individuals. Thanks to the Internet, all that has changed. You can get started with as little as USD$25 at ExecutiveFX!