Forex trading
Forex - foreign exchange currency dealing - is the world's largest market. With 3.2 trillion $US traded a day and 24-hour business it's a very different proposition to the equities market for the retail trader.
- Many brokers don't charge a commission as such - you have to pay the bid/ask spread only.
- Leverage, which typically can range from 100:1 up to 400:1, can produce a magnifying effect for gains - as well as losses, of course.
- There are no restrictions on 'shorting', which will allow the retail trader to be active during any condition of the market or currency pair
- Lastly, forex is relatively accessible - you don't need a huge amount of money to get going.
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Disclaimer
The trading of foreign currencies on a margin does carry a level of risk - before deciding to trade foreign exchange you should consider your objectives, level of ability and experience, and appetite for taking a risk.
You could sustain a loss of some or all of your investment, therefore you should not invest money you cannot afford to lose. It is always a good idea to seek advice from an independent financial advisor.
