Page 24 - Module1_Introduction_to_the_Forex_Environment
P. 24
Module 1 – Lesson 5 – Why trade the Forex market
There are many benefits and advantages of trading Forex. Here are just a few general reasons why more and
more people are choosing this market.
1. online trading
Trading can be done over the internet or via the
telephone
2. trade any place
Trading can be done any place, anywhere in the world,
where internet access is available. It enables you to trade
from the comfort of your home, or even when on holiday
or while travelling abroad. You will save on expenses for
office space
3. 24-hour market
A trader may take advantage of profitable market
conditions at any time. There is no waiting for the
opening bell. The International Currency Markets are
open continuously from Monday mornings
(approximately 02:00 ZAR time) to Friday evening 23:00
ZAR time)
4. closed on weekends
The Forex Markets are closed over weekends. There is
no excuse whatsoever to trader over a weekend. You
need to relax and can spend quality time with your family
5. quick time-frame
A trade in stocks is normally done over a time-frame of
weeks and months. The time-frame for a trade in forex
is minutes and hours
2