Intro: Why Forex?

If
you
are
reading
this
guide,
you
have
most
likely
taken
some
sort
of
interest
in


the
Forex
market.
But
what
does
the
Forex
market
have
to
offer
you?





  Accessibility
–
It’s
no
wonder
that
the
Forex
market
has
the
trading


volume
of
3
trillion
a
day
‐
all
anyone
needs
to
take
part
in
the
action
is
a


computer
with
an
internet
connection.






  24
Hour
Market
‐
The
Forex
market
is
open
24
hours
a
day,
so
that
you
can


be
right
there
trading
whenever
you
hear
a
financial
scoop.
No
need
to


bite
your
fingernails
waiting
for
the
opening
bell.






  Narrow
Focus
–
Unlike
the
stock
market,
a
smaller
market
with
tens
of


thousands
of
stocks
to
choose
from,
the
Forex
market
revolves
around


more
or
less
eight
major
currencies.
A
narrow
choice
means
no
rooms
for


confusion,
so
even
though
the
market
is
huge,
it’s
quite
easy
to
get
a
clear


picture
of
what’s
happening.






  Liquidity
‐
The
foreign
exchange
market
is
the
largest
financial
market
in


the
world
with
a
daily
turnover
of
just
over
$3
trillion!
Now
apart
from


being
a
really
cool
statistic,
the
sheer
massive
scope
of
the
Forex
market
is


also
one
of
its
biggest
advantages.
The
enormous
volume
of
daily
trades


makes
it
the
most
liquid
market
in
the
world,
which
basically
means
that


under
normal
market
conditions
you
can
buy
and
sell
currency
as
you


please.
You
can
never
be
in
a
jam
for
currency
to
buy
or
stuck
with


currency
that
you
can’t
unload.






  The
Market
Can’t
Be
Cornered
‐
The
colossal
size
of
the
Forex
market
also


makes
sure
that
no
one
can
corner
the
market.
Even
banks
don’t
have


enough
pull
to
really
control
the
market
for
a
long
period
of
time,
which


makes
it
a
great
place
for
the
little
guy
to
make
a
move.