Why trade Forex?

Overflowing with opportunities around the clock during market hours and no commissions with tight spreads for a standard account – see why forex is the most traded market in the world.

Eight reasons to trade forex

As the forex market is so vast, it’s constantly offering new opportunities. In fact, most forex trades are held for just a few hours or days.

FX markets are open from 5PM EST Sunday to 5PM EST Friday. This is because the different time zones of the forex trading centers (London, New York, Sydney, and Tokyo) mean that at least one is always open (when New York closes, Sydney opens).

With daily turnover reaching $7.5 trillion,* forex is the most liquid market in the world. This liquidity often results in more actionable prices and unlike other financial markets, traders can respond almost immediately to currency fluctuations, whenever they occur – 24 hours a day, 5 days a week between Sunday 5PM and Friday 5PM.

With IMPERIALMARKETS.com, you have over 80 forex pairs to choose from including EUR/USD, USD/CAD and AUD/USD.

There are no commission fees when you trade forex with a standard account. As your broker, IMPERIALMARKETS.com is compensated by the spread (the difference between the buy and sell price), and forex markets usually have some of the tightest spreads of any asset class.

You can buy and sell forex pairs. This means you can take advantage of both rising and falling markets.

Because the forex market is so vast, it’s almost impossible for any single actor to exploit it in any significant way.

Leverage lowers the cost barriers to trade forex. It enables you to put up a fraction of the deposit to access a much larger trade size. Leverage can magnify your profits, but it can also magnify your losses. This is a critical trading concept to understand.