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The goal when trading the Forex market is to exchange one currency for another in the expectation that the price

will change. Whether the price goes up or down, you can take advantage of the change (by either going long (buying)

or going short (selling).)

There are many advantages or benefits to trading the Forex market versus others.

First, there are no commissions. These include no exchange fees, no clearing fees and no broker fees. Unlike other

markets, brokers are paid via the bid-ask spread (the difference between what a currency pair is being bought and

sold for ñ also known as pips.)

Ease of entry and exit. The Forex market is an extremely liquid market, meaning that you can enter and exit a trade

at the click of a button. Compare that to other markets where your order may not be filled because of the lack of

participants.

Leverage. Even a small trader, with limited funds, can control a large amount of currency. For example, a trader

with $100 and a 100:1 leverage ratio, can control $10,000 worth of currencies. Leverage can be a great thing with

proper money management and discipline, but can also be deadly if not treated with respect. While leverage can be as

high as 400:1, it is not prudent to use such a high leverage unless you are seasoned and have developed a good

trading strategy with consistent positive results.