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The
FX market is the world's largest and financial market, accounting
for an average of $3.2 trillion worth of trades each day.
This is far greater than the average daily values of stocks
traded globally, which is about $25 billion.
Here
are the key differences between trading currency and trading
stocks.
FX
Market
No
extra charges - Buy and sell exactly at the price shown** |
| 24
hour accessibility - Whenever you want, wherever you want |
| Transparent
market - Information is available at the click of a mouse |
| Six
major pairs |
| Mathematical
patterns - Identify trends using widely accepted tools |
| $3.2
trillion market per day! |
**Fills
are rapid most of the time, but under extraordinarily volatile
market conditions order execution may experience delays. Does
not apply during major fundamental announcements or outside
normal trading hours. The FCM and RB are compensated for their
services through the spread between the bid/ask prices.
Stocks
| Variable
costs - Many brokers will charge fees based on volume |
| Close
each day - Stock brokers control access to the market |
| Periodic
reporting of financial and operating information |
| Differing
standards for various exchanges |
| Over
40,000+ stocks |
| $28
billion per day |
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