Also, in the forex trading market, trading can X Trend Premium Reviewoccur 24 hours a day and 6 days a week. Stock markets, commodities markets and futures markets all have trading open only for specific times in a day. Traders can thus take an advantage of the active trading that is occurring over various time zones all over the world as well as increased information to study trends, analyze and base decisions on. Moreover, this also offers convenience for traders who might not be actively trading during the morning hours due to work and other constraints. This is a major advantage that the forex market holds over other markets.
Also, forex has no centralized market. Forex trading can be done in the comforts of one's home. In forex trading, there is no aspect of 'hidden' costs such as commissions like the stock market and other securities markets since there is no centralized market. The brokers who deal in forex, known as market makers, collect the spread on the forex i.e. that is the difference between the bidding price and the asking price.
In the forex market, the trader's account is automatically closed down if the loss exceeds the margin. It can be said to be akin to a stop loss arrangement. Thus, there are no chances of a trader's account reporting a negative balance in the forex market. Such a guarantee does not exist with other markets, such as the futures or the options market. Thus, even a fairly novice trader has greater chances of making considerable and consistent profit in the forex market.