The most obvious advantage is the potential for high returns and financial freedom. Many Forex traders dream of making enough money to quit their day jobs. But not everyone will be able to do this. Traders have to develop new skills such as market analysis, data analysis, charting and a knowledge of how economic news impacts the Forex markets. Other advantages that Forex trading has over other forms of investment:
- Accessibility: Being able to invest online, either on your phone or your home computer. Almost anyone can trade Forex.
- 24 Hour Market: Unlike stock exchanges, the Forex market is open 24 hours a day, 5 days a week.
- Leverage: Forex trading is leveraged trading. With a relatively small amount of money, leverage allows traders to open large positions and amplify their profits.
