News & Blog
The Forex Market vs. Futures: Why Choose Forex?
- April 29, 2021
- Posted by: Admin
- Category: Blog
Trading with the forex market doesn’t have to strictly do with the stock market. It provides people with a number of other different advantages that we here at Smart Prime Academy will explain below.
Did you know that approximately $6.6 trillion is traded daily within the forex market? This makes it the most liquid market in the entire world. Not only is it the most liquid, but it stays liquid consistently. This means that positions can be liquidated and stop certain orders with little to no slippage. The forex market can also absorb transaction sizes as well as volumes of trading.
In comparison, the futures market trades a measly $30 billion in a day; that’s a much smaller trading value than the one forex has.
It’s Open 24 Hours a day, 5 days a week
When New York trading closes, immediately after, the Sydney market opens right back up! This makes for a seamless, 24 hour market that is open almost all the time. This in turn gives you the chance to react to fortunate or unfortunate news quickly and accordingly.
Little To No Commissions
Electric brokers are becoming more and more popular within the world of trading, so there is a chance that certain brokers will charge you for commissions.
At the end of the day, however, the amount you pay in commissions for forex brokers is nothing compared to what you have to pay in the futures market. With such heavy competition among forex brokers, you have a really good chance at getting a great deal with low costs and fees.
When you trade forex, you get immediate price certainty under market conditions that are considered normal. In comparison, the futures market does not provide immediate trade execution or price certainty.
Very Small Risk
Risk is very minimized in the spot forex market due to online capabilities of the trading platforms. They will automatically create a margin call if the amount goes over the available capital in your account.
In the futures market, your position may end up getting liquidated at a loss larger than what you had in your account. In this situation, you will end up being liable for any loss.
How We Can Help
All things considered, trading within the forex market is, in our opinion, the best way to be successful. When you have a highly experienced team teaching you everything there is to know, that increases your chances of success tenfold. Luckily, we here at Smart Prime Academy have just the tools to make you knowledgeable within the market. To find out more about our Forex trading courses in Richmond Hill, be sure to contact us today at 1-877-870-0092.