Why Trade Forex?
24/5 market – Foreign exchange market opens Monday morning and trades though to Saturday morning with no breaks. This eliminates the daily gap risk seen with equity markets. There can be gaps on Monday’s open due to weekend influences. Traders can rest easy knowing there account will not face daily opening gaps.
Lower risk trading – unlike stocks and futures forex rarely moves more than 2% in a day due to higher liquidity. Options and Futures come in one or two sizes. A forex trader can customize their position size to suit their risk requirement per trade. Eightcap allows their clients to trade down to 10 cents per pip movement by simply changing the contract volume. Futures come in two fixed contract sizes full and mini. Traders enjoy the same amount of liquidity regardless of their trade size. Eliminating low liquidity issues when exiting or opening a position.
Flexible leverage – Eightcap allows you the trader to set the leverage that suits your trading style. Some traders require lower leverage to meet their risk while other traders require higher leverage to suit their trading styles. Eightcap offers its traders leverage from 1:1 – 1:400. Giving you control of your account. The higher the leverage the higher the risk, the flip side of this is you can start trading with much smaller amount. Traders can dip their toes into forex traders with as little as a few hundred dollars.
Position flexibility – enjoy selling a market as easy as buying a market, no need to borrow any stock.
No middlemen – Forex trading eliminates the middlemen. Trading via Eightcap platform allows you the trader direct instant access to the Foreign Exchange market.
Lower trading costs – no exchange fees. No commission trading or low commission trading.