Author Topic: WHY TRADE FOREX - IKOFX  (Read 452 times)

Offline IKOFX

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WHY TRADE FOREX - IKOFX
« on: October 19, 2011, 08:52:55 PM »
There are many benefits and advantages to trading Forex with IKOfx.  Here are just a few reasons why so many traders are choosing this market and partnership with IKOFX:

* Commissions free.
No clearing fees, no exchange fees, no government fees, and no brokerage fees.
* No middlemen
Spot currency trading eliminates the middlemen, and allows you to trade directly with the market responsible for the pricing on a particular currency pair.
* No fixed lot size.
In the futures markets, lot or contract sizes are determined by the exchanges.  A standard-size contract for silver futures is 5000 ounces.  In Forex, you determine your own lot size.  This allows traders to participate with accounts as small as $1 USD
* Low transaction costs.
The retail transaction cost (the bid/ask spread) is typically less than 0. 1 percent under normal market conditions.  At IKOfx, the spread could be as low as 2 pips.
* A 24-hour market.
From Sunday 2200 EST to Friday 2100 EST, the Forex market never sleeps.  This is good for those who want to trade on a part-time basis, because you can choose when you want to trade--morning, noon or night.
* No market manipulation
The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
* Leverage.
In Forex trading, a small margin deposit can control a much larger total contract value.  Leverage gives the trader the ability to make nice profits, and at the same time keep risk capital to a minimum.
* High Liquidity.
Because the Forex market is so enormous, it is also extremely liquid.  Under normal market conditions, just a click you able to instantaneously buy and sell at will.  You can even command the trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).
* Free "Demo" Accounts, News, Charts, and Analysis.
IKOfx offer free 'demo' accounts to practice trading, along with breaking Forex news and charting services on the website for beginner traders who would like to hone their trading skills with virtue money before opening a live trading account and risking real money.
* "Mini Account" Trading:
You would think that getting started as a currency trader would cost a ton of money.  The fact is, compared to trading stocks, options or futures, it doesn't.  IKOfx offer "mini" trading accounts with a minimum account deposit of $1 USD.  It makes Forex much more accessible to the average individual who doesn't have a lot of start-up trading capital.

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WHY TRADE FOREX - IKOFX
« on: October 19, 2011, 08:52:55 PM »

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