What is unique about forex market?

[Smash Fun]

Another incredibly unique aspect of trading the Forex market is that you can trade 24 hours a day. There are three main markets (US, Europe, and Asia), and at least one is open at any given time.

 

[The trader]

Forex is a trading place where anyone can bring profit with certainly but of course first of all have to make sure all inevitable parts of trading , otherwise trading can be useless.

 

[FXOpen Trader]

Forex is a trading place where anyone can bring profit with certainly but of course first of all have to make sure all inevitable parts of trading , otherwise trading can be useless.

In the business of Forex trading the main and the important factor is to be able to earn consistent profits from doing our trades into the markets.

 

[heispark]

Forex market is highly opportunistic and is the largest liquid market across the world. You have large flexibility and can trade 24 hrs a day for five days a week and that too from your desirable place. In the forex market you don’t need big capital to be a trader, you can be a successful trader even with a small initial investment.

 

[Whichsoever]

Forex market is highly opportunistic and is the largest liquid market across the world. You have large flexibility and can trade 24 hrs a day for five days a week and that too from your desirable place. In the forex market you don’t need big capital to be a trader, you can be a successful trader even with a small initial investment.

Also a trader can trade large positions with relatively less money using leverage. I find leverage offered by forex trading to be very potential to make a good profitable amount.

 

[Nayek Pichai]

There is no other market around the world similar to Forex. It is the largest market with more than 4 millions transacting every day. You can trade Forex lying on your bed and how astonishing is it that you are trading in the largest money market lying on your bed. Forex can give you profits more than a job.

 

[Xylophone]

The forex market is very unique in comparison to other trading markets in many ways.
One of the most unique features of the forex market is that it is a global network of financial centers.
Forex market transacts 24 hours a day and closes only on the weekends. If one major forex hub closes, another hub in a different part of the world remains open for business.

 

[Rahima Khan]

Yes. I completely agree with you. The most appealing aspect of the forex market is that you may get started with a small investment. Forex is unique in many ways; one may trade from anywhere on the planet, and if a trader is passionate about trading and has high abilities and understanding of forex, he or she will likely earn a big amount of profit.

 

[Xenophilia]

Forex trading is unique from other investment markets simply because of the massive turnover that the market will see on any given day. The daily turnover for the forex market is over $3 trillion. Yes, that means that over 3 trillion dollars move on the market every day. Another incredibly unique aspect of the forex market is the fact that you can trade 24 hours a day. There are the three major markets (The US, Europe, and Asia), and at any given time there is at least one market open. Because of the wide array of markets and times, the market is technically trading and moving 24 hours a day.

 

[turophile]

Because there are no other markets that are comparable to Forex, it is all about originality. Working here gives you flexibility, and you may trade at any time of day or night. Forex can provide you with a return that exceeds your expectations, something that is practically hard to do in other fields. As a result, many traders prioritised Forex trading.

 

[FXOpen Trader]

Because there are no other markets that are comparable to Forex, it is all about originality. Working here gives you flexibility, and you may trade at any time of day or night. Forex can provide you with a return that exceeds your expectations, something that is practically hard to do in other fields. As a result, many traders prioritised Forex trading.

When we are doing our trading in a planned manner we can get more profits.

 

[David Marco]

You are absolutely right! Success doesn’t come overnight rather it’s a result of patience and perseverance. Traders should seek for the best option of trading for them. They should test their strategies whether they work well or not. They should get out of haphazard trading that cause them to fail.

 

[Ferro Bianchi]

There are many unique things about forex market such as

• It is the largest source of global liquidity.

• It is the world's most traded market, with over $6 trillion exchanged daily.

• It is open 24 hours a day, 5 days a week (Sunday through Friday).

• There are no limits on how much you can trade.

• You can trade in any currency pair you want, not just in USD/ EUR pairs.

 

[Drizzle]

Everything is unique about the forex market. The more we know about it, the more we get surprised. And those who enter the market without any knowledge to get rich overnight will get the shock of their life once they lose their money. Other than that, the Forex market is a place full of opportunities for those who have skills and potential.

 

[Hughie Lane]

I find forex trading unique because what we count as the disadvantages of forex are also the advantages. Where volatility leads to aggressiveness in the market and makes it difficult to either enter or exit it, liquidity increases the competition, and high leverage increases the risk, volatility enhances the profits, liquidity makes sure that best ask and buy price is offered to the trader and leverage can increase the profits manifold. This is achievable once the trader has developed excellent trading skills and stable trading psychology.

 

[Flabbergast]

The fact that you can exchange multiple currencies at the same time in different time frames is what is so unique. Everyone, everywhere is constantly investing in the market. With the right strategies and rules, you certainly can make good profit on a short term basis.

 

[Mojo]

Something that’s really unique about forex is that people think that they can become rich trading forex overnight, which is actually not true. They think that it’s easy, which is again a false assumption that leads to fall and failure ultimately. Just like a magnet, it attracts towards itself people who want to make money, many of whom are uneducated in terms of trading. Risk is definitely there. But surprisingly many people compare forex with gambling, which is a huge mistake.

 

[FXOpen Trader]

Something that’s really unique about forex is that people think that they can become rich trading forex overnight, which is actually not true. They think that it’s easy, which is again a false assumption that leads to fall and failure ultimately. Just like a magnet, it attracts towards itself people who want to make money, many of whom are uneducated in terms of trading. Risk is definitely there. But surprisingly many people compare forex with gambling, which is a huge mistake.

If we are making use of a trading system that is easy to understand the income will also get increased.

 

[Gibbosity]

I believe the uniqueness of the forex market lies in its many factors. Firstly, we do not trade single assets, but pairs of currencies as a single asset. Next, it is the unpredictable nature and volatile form which can be risky, but also adventurous when you learn how to predict. Third, the forex market also contains the highest value, more than $2.4 quadrillion USD, much higher and beyond all other markets. Fourthly, the market timings- one can trade any time of the 24 hours of a day during the weekdays.

 

[Triphibious]

The forex market is the largest liquid market around the world and you can trade with a small capital as well. The forex market is an over-the-counter market and you can trade from anywhere. Also, the forex market is open 24 hrs a day for five days a week, which means you can work at any time according to your preference.