What are the Advantages of Trading with ForexYard?
July 28th, 2008 Posted in FX Education
Since formation, ForexYard has utilized the experience of professional Forex traders, as well as Internet- and financial-sector specialists, in order to successfully establish itself as one of the premier online brokerages operating in today’s market. We offer a secure, dynamic trading platform which provides superior order execution, advanced reporting and analytical tools, yet remains intuitive and user-friendly.
ZERO Commissions
In the currency market, you pay NO commissions and NO exchange fees. Because you deal directly with the market maker via a purely electronic online exchange, you eliminate both ticket costs and middleman brokerage fees. There is still a cost to initiating a trade, but that cost is reflected in the bid/ask spread that is also present in futures or equities trading. However, trading via our trading platform offers tight consistent spreads.
24 Hour Market Action and Liquidity
Unlike most Stock/Futures exchanges, the forex market is a seamless 24-hour market. This allows you to react to favorable or unfavorable news by trading immediately. If important data comes in from England or Japan while the U.S. Futures market is closed, the next day’s opening could be a wild ride. (Overnight markets in Futures currency contracts exist, but they can only be thinly traded, are not very liquid, and are difficult for the average investor to access).
Execution Quality and Speed
ForexYard prides itself in providing the best execution possible in all market conditions. ForexYard offers a trading system with instantaneous execution and price certainty on every market order, under normal market conditions. With the forex trading platform, traders execute directly off real-time streaming prices: there is no discrepancy between the displayed price shown on the platform and the execution price to enter your trade. In addition to offering instant real time execution, the trading station offers fixed spreads 24 hours a day, regardless of market conditions.
Short-Selling without an Uptick
Unlike the equity market, there is no restriction on short selling in the currency market. Trading opportunities exist in the currency market regardless of whether a trader is long or short, or which way the market is moving. Since currency trading always involves buying one currency and selling another, there is no structural bias to the market. Hence, a trader has equal access to trade in a rising or falling market.
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Tags: Execution, FX market, FX Trading Station, Liquidity, Real-Time Quotes
