Why Forex? I love the FX, Forex, Foreign Exchange…whatever you want to call it! Why?

24 hour market : The market is tradable 24 hours a day, 5 days a week.

Availability of leverage: Of course leverage can be quite dangerous, but it’s monstrously important if a trader hopes to develop a position sizing strategy that will allow for superior returns and proper risk controls.

Availability of free software for automated trading: Metatrader is wonderful. This tool is offered by several forex brokers. It is the key to testing and executing my strategies.

Easy Access to Paper Trading : Practically every broker will provide some sort of play money account so that a trader can paper trade without risking real capital.  I do not currently paper trade, but were it not for this feature, I may never have “dabbled” in forex to begin with.

Low start up capital requirement: My feeling is that with as little as $2,000 in starting capital, my system can run effectively. Although I’ve never traded futures, I’ve read repeatedly that it’s difficult to execute a proper bet sizing algorithm unless a trader has tens or hundreds of thousands of dollars in initial risk capital.

Depth of liquidity: Although I’ve yet to experience this firsthand, it’s often advertised that a trader can trade millions of dollars without having an impact on the market.