What is the Difference between Forex and Stocks? (Continued...)

7800 stocks vs 4 major currency pairs
There are approximately 4,000 stocks listed on the New York Stock exchange. Another 2,800 are listed on the NASDAQ. Which one will you trade? Got the software? Got time? Got milk in case you have aged significantly when you finally find your trade? In spot currency trading you have 6 major markets, 24 hours a day 5.5 days a week. You have approximately 34 2nd tier currencies to look at in your spare time (if you are so inclined). Concentrate on the majors, find your trade. Spend your afternoon on the golf course, or with your kids instead of with your eye doctor trying to diagnose why you are seeing double.

Commission free
Simply put- No commissions. No clearing fees, no exchange fees, no government fees, no brokerage fees. Sure there may be different names for different fees at different places, but in spot currencies no commissions means just that- NO COMMISSIONS.

Same price for broker assisted trades
No premium for calling in orders, whether or not you trade via the phone, use market orders, stop orders, limit orders or even contingent orders. In spot currency trading you do not have to worry about extra charges. Ever wonder why a securities brokerage house charges you more if they have to guarantee you a price than if you give them a market order with no price qualifier? Well you don't have to worry about it if you trade spot currencies.

Trade off of your profits
Ever been up on a stock and wished you could leverage that profit and get in a little more of the issue? In spot currency trading you can. Use your open profits to add to your positions. As you gain experience, experiment with pyramid trading strategies. The options are endless because the market is cutting edge.

"Forex versus Stocks" was brought to you compliments of GFT Forex Trading