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Q1: When you consider that the foreign exchange market has become the world's largest financial market, with over $1.5 trillion USD traded daily, where does it go from here?A1:The FX market is unique, in the UK there is no central exchange, we trade via the inter bank market. With more and more private individuals taking up margin trading and new forex brokers setting up, I can only see the market grow in the near future.Q2: Other than great liquidity, what are the principal benefits attached to the forex market?A2: There is less to consider when trading the forex markets, there are only a number of variables that affect the pricing.Main advantages includeForex Market allows 24 hour tradingGreater leverage - with most brokers offering 100 - 1,Less starting capital required,More Liquidity - day trading has to have enough volume to make it worth our while. The currency market is more liquid than all the world stock markets put together. Currencies are always in action,Free trading systemsBetter for shorting - There are artificial controls built into the market to prevent it from going down too fast. The reason is that we live in a biased world that likes to see things go up instead...more
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