Three Reasons Currency Trading is Superior to Trading Just Your Average Stocks

From Our Currency Analyst, Sean Hyman

Even some of the biggest industry players in Wall Street overlook a few simple truths that make currency trading infinitely superior to stock trading. For example...

1. Currencies Trade 24 hours a day: That means there's an opportunity for tradable hours no matter where you live. You can even trade after you've put in a full day at the office. You can't always do that with stocks or commodities.
2. Currency trading offers higher leverage than stock or commodity trading: Translation - you can put down LESS money to control more funds in the currency market than you can in stock or commodity trading. 3.
3. There are no commissions in currency trading: In stocks you have to pay a buy commission to your broker, you also have to pay the spread (the difference between the buy and sell quotes on the stock), and a sell commission. But in currencies, there's only one cost: the spread. You don't have to pay commissions, so once your buy price is higher than your original sell quote, you're at breakeven.

There you have it. Please check back here in My Two Cents for more secrets of the foreign-exchange market and Forex-trading tips in the weeks to come.

Want to learn how to trade currencies like a professional? Check out my colleague's service, The Money Trader - the longest running foreign-exchange trading service, designed specifically for individual currency traders like you. Click here to learn more.