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.

Limited trading hours are OK if trading is all you do. If you have other obligations, however, such as a business to run, a job to go to or a household to run, you need to be able to trade when you're not busy doing other things.

•   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.

Convinced that FX is the right market for you to trade? All you need to do now is decide who to trade with. To find out why you should trade with LatitudeFX, click here.

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