Forexgen Advantages as follow…
· Bid/Ask Spread rates Spread rates have tightened dramatically in the last years.
· Most online Forex brokers offer a spread of 5 pips on EURUSD which is the most widely traded and liquid currency pair. In the futures market spreads can vary anywhere between 5 and 9 pips and can become even larger under illiquid market conditions (which tends to happen substantially more often in futures currencies).
· Margins requirements usually a foreign exchange trading with a 1% margin is available.
· 24 hour market Foreign exchange market trading occurs over a 24 hour period picking up in Asia around 24:00, CET Sunday evening and coming to an end in the United States on Friday around 23:00 CET.
· Although ECNs (electronic communications networks) exist for stock markets and futures markets
· (Like Globe) that supply after hours trading, liquidity is often low and prices offered can often be uncompetitive.
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