All the instruments in the Forex market are worldwide so trading is pretty much continuous as long as there's a market open somewhere in the world. Trading starts when the markets open in Australia on Sunday evening and ends after markets close in New York on Friday. With this large window of opportunity, clients can always trade at their most convenient time.
There is no other market that could provide the liquidity as huge as the Forex market. Liquidity is the ability of an asset to be converted into cash quickly and without any price discount. In Forex, this means we can move large amounts of money into and out of foreign currency with minimal price movement.
Transaction Costs Are Low
The cost you pay for trading in forex is either paid by spread or commission. The cost of a transaction is typically built into the price in Forex. It's called the spread. The spread is the difference between the buying and selling price.
Forex brokers allow traders to trade the market using leverage, which is the ability to trade more money on the market than what is actually in your account. If you were to trade at 50:1 leverage, you could trade $50 on the market for every $1 that was in your account. This means you could control a trade of $50,000 using only $1,000 of capital.
Profit Potential from Rising and Falling Prices
The Forex market has no restrictions for directional trading. This means that if you think a currency pair is going to increase in value, you can buy it or go long. Similarly, if you think it could decrease in value, you can sell it or go short.