On-line trades are executed and confirmed within seconds, which ensures that traders do not miss market opportunities. Even the incremental extra time it takes to complete a transaction over phone can mean a big difference in profit potential. The fast-paced nature of the Forex market compels traders to execute multiple trades each day. It is vital for each client to have real-time information about their current position in order to make sound trading decisions. Full access to market information Access to timely and relevant information is critical.
Professional traders pay thousands of dollars each month for access to major information providers.
It is much more cost efficient to invest in the Forex market, in terms of commissions. Typically, stock commissions are directly related to the level of service offered by the broker. At the high end, traditional brokers offer full access to research, analyst stock recommendations, etc In contrast, online Forex brokers charge significantly lower commission and transaction fees. Some, like EFX, charge NO commission or fees whatsoever, while still offering traders access to all relevant market information. Whether it s 7 PM or 7 AM, somewhere in the world there are always buyers and sellers actively trading Forex so that investors can respond to breaking news immediately.