1.) There are only six major pairs.
Example:USD/CAD
Trade the US Dollar Against:
- Euro
Dollar
- British
Pound
- Swiss
Franc
- Canadian
Dollar
- Japanese
Yen
- Australian
Dollar
2.) You can make trades
24 hours a day.
The Forex Market is open form: Sunday 5PM
ET through Friday 4PM ET.
3.) You can open an account for less than $500
4.) There are no commissions.
5.) Incredible Leverage:
Mini Leverage
- One $500 Lot controls an astonishing $10,000
- Currency pair moves 1¢
- 1¢ equals 100 Pips
Standard Leverage
- One $1000 Lot controls $10,000
- Currency Pair moves 1¢
- 1¢ equals 100 Pips
- 100 Pips x $10 = $1000 profit