There are many benefits in trading the foreign exchange market (the
FOREX). A few of them are:
- It has continuous liquidity.
- It has very low dealing costs; 4 to 5 price interest point (pip;
- discussed later in this chapter) spreads.
- It has 100:1 leverage for margin trading.
- It has a very volatile, trending market.
- It has a two-way market; that is, traders participate in bull or bear
- markets.
- It is open 24 hours a day from Sunday night to Friday afternoon.
- There are no separate commissions.
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