| Why Trade Foreign Exchange?
No other tradeable financial product offers such an appealing combination of leverage, liquidity, low trading costs and 24 hour trading. • Leverage The opportunity to profit is dictated by volatility. The smaller the price movement, the smaller the profit. This is where leverage comes in. It effectively magnifies the opportunity - for both loss and profit. With sufficient leverage trading is always worthwhile - even when price movements are very small. • Liquidity
Average daily volume in the world's foreign exchange markets exceeds US$3.2 trillion. By far the greatest of all markets. All markets rely on there being both a buyer and a seller. In low-liquidity markets, buyers may not be in the market when you want to sell. Conversely sellers may not be in the market when you want to buy. In a high-liquidity market there are buyers and sellers virtually all the time. It also means a large number of trades can generally occur at any one time without affecting price. • 24 Hour Trading
The foreign exchange market is global and is open 24 hours a day, from 7am Monday to 9am Saturday (NZ time) So you can trade when it suits you. Please note that due to regional constraints, LatitudeFX opens at 9am on Monday morning. We trade 24 hours a day until the market closes 5pm Friday, New York time.
• Trading Costs
Depending on your FX provider, trading costs are negligible. With LatitudeFX you pay no commissions. Refer to our Product Disclosure Document for an explanation of costs. Trading costs eat into your trading profits. If costs exceed your estimate of the opportunity to profit, why would you trade at all.
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