Summary

• Forex trading has many advantages, provided you use a reputable dealer and are careful about the high leverage available.
• Your account for spot Forex trading can be much smaller than required for trading many other markets, including Forex futures, with typical leverage of 100 to 1 or better.
• You also do not pay commissions for each transaction, as the dealer’s profit is built into the spread between the buying and selling prices.
• With a limited number of currency pairs to trade, you have the opportunity to get to know the expected price movements. Contrast this to trying to understand the different volatilities and behaviors of thousands of stocks.
• With 24-hour trading, it does not matter when you find time to develop your trading, the markets will be waiting for you.
• The size of the Forex market provides excellent liquidity, so that you are always able to trade easily.
• The Forex market is a good technical market, and you may find it much easier to predict than movements in other markets. The Forex markets can have sudden price movements, but are less prone to them than stocks and shares.

At the end of each module there is a quiz. You can take a quiz at any point, but we suggest you view each module before taking the quiz. When you’re ready to start the quiz, click the take quiz ‘Start’ button below -: