Oanda (USA) Trading Platform for Currency

 If you can''t follow the rules, please don''t TRADE.

Pros:

1. The Forex market is open 24 hours a day and 5 days a week. The market being open 24 hours a day allows people from all over the world to trade whenever they want to. This reduces the potential for making a bad action and losing money. This becomes very important to people who are not the best at making decisions dealing with the Forex market.

2. Though the Forex market is not always predictable, Forex traders can make money even when the market is down. The market is usually very stable but it is always changing, which can be good.

3. Many other types of markets exist throughout the world; however, these markets do not affect the Forex currency market. A bear of bull market has absolutely no affect on the market involved with Forex. When there is a big purchase of stocks by a lot of people, the share costs are able to increase as the market shares. When dealing with the Forex market, this does not happen.

4. Forex is controlled by the entire market instead of being controlled by many big corporations. Since there is usually no way to decide whether a company is being completely honest, this increases risks that may not even be seen. Fortunately, corporations do not control the Forex market therefore unforeseen risks are reduced.

Cons:

1. With the Forex market, there isn't a ground to depend on when making decisions, simply because the market can be influenced by so many things and it can fluctuate. Traders cannot predict future trends using past trends.

2. The fact that the Forex market changes so often can pose a problem because it makes it much more risky. If a trader is able to sit down and carefully consider the investment, it reduces the chance of risk. Experience with the market is always helpful.

3. Because of the high amount of leverage involved with Forex trading, it can either work in your favor or not. It is important to not invest money that you cannot lose without having a severe consequence.

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