In the last few years, there has been a considerable increase in the number of people trading on the forex market. One reason is that commissions are low or nonexistent and bid/ask spreads are minimal. Another benefit of forex is that the market is always open and information is constantly being shared. Additionally, the sheer size of the forex market makes it invulnerable to market manipulation, keeping it fair. It’s also easy to get started for the average investor, who can begin with a lot size of as little as $22-$25. Brokers offer free demo accounts and there are plenty of online resources available. Finding a mentor is a good way to avoid costly mistakes.
- Forex trading has little or no commission fees and low bid/ask spreads.
- The Forex market is so large you don’t have to worry about market manipulation.
- Brokers offer free demo accounts, and there are many helpful online resources available.
“There is no guaranteed that you see steady wins and there is a chance that you could see significant losses.”