There are a number of reasons that someone would choose to trade in the forex market vs the stock market. Not the least of which is the simplification of choices. The New York Stock Exchange and the Nasdaq a trader has thousands of choices today, whereas a Forex trader generally focuses on eight currencies and their relationship to one another (the Japanese yen, the British pound, Swiss francs, US, Australian, Canadian and New Zealand dollars and the euro).
Which brings up another point. I personally would rather study the current events and politics than analyzing thousands of corporate financial reports.
Second the forex markets are open 24 hours a day for trades when the Australian market opens on Sunday evening here in the US until the New York Exchange closes on Friday evening there is always at least one market open thus giving the trader more of an opportunity to customize their trading times. Unlike the Stock Markets where most traders can only have their trades executed between 9:30 and 4:00 EST. This gives the average trader much more flexibility in there trading. This also dovetails into the liquidity of the market. When buying and selling stocks you have to worry about its liquidity, (someone needs to be on the other end of the transaction willing to buy the stock for what you are selling it for). In forex the markets are so large that there is a much greater likelihood that you transaction will be filled.
Third in my opinion is a great advantage but can be a double edged sword. That is leverage. You can have between 50 to 1 and 200 to 1 leverage in the forex market depending on your account and where it is located, vs a stock account of perhaps 2 to 1 or 10 to 1 for an option account.
Another reason that I like forex is that the market is so huge that it is almost impossible for a single fund or entity can manipulate the market. Unlike in stocks it is happening more and more where a computer program kicks when the market hits certain parameters and if you are on the wrong side of that trade at that time you will get hurt if you are not at your computer at the time the program kicks in, or the stock moves so quickly that it gaps right past your stop. This can also be said for TV or large brokerage firm analysts as. At times their recommendations can have huge influence over stock prices at least in the short run, but the forex market is so big and traded world wide the forex market tends to negate the effect of an analyst.
Now if you are already into trading stocks, the transition will be easy, If you are not currently a trader you have some studying to do. As with anything stocks, options or forex it is advisable that you educate yourself first and then paper trade your account before putting actual money at risk.
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