The Foreign Exchange market or sometime referred to as the spot Forex market is gaining every year in popularity as volumes keep going up. There is a difference between trading spot Forex and trading currency futures, the futures are run through a central exchange while the spot Forex market has no central exchange, it’s a true interbank market and is the king of all markets.

There is a lot of differences in the spreads on the currency pairs in Forex, all Forex brokers are a little different from each other, they can set the spreads at what they feel is fair, you should do your home work and find the tightest spreads. That is why some people trade currency futures, everyone participating in this market will see the same prices from any broker Brand Viagra they choose, or let me say they should see the same prices.

Trading spot Forex seems to be the market of choice for most that are into currency speculation, day trading, short term scalping, liquidity is one of the biggest benefits.

There was a time not so long ago this market was only for banks, hedge funds and very wealthy individuals, but like all things in life change is inevitable, and the gates were open to the retail trader, now anyone can get involved in the currency market and trade just like the big boys.

One nice perk in this market is you can trade any size of order you want there is no order to big or small for the Foreign exchange all bets are good. Some of the scary things about the Forex market is it’s very news driven and in my opinion very manipulated, but I think most markets are, if you want to see some of the wild moves, just be around your charts when non farm payroll numbers come out once a month, you will see a lot of stops being hit in the opposite direction of the trend then the market goes back to the original prices before the news.

All in all things seem to be getting better, spreads seem to be getting tighter, some of the brokers involved in Forex are registered with the National futures Association, in my opinion this is the way to go if you trade Forex.

I have noticed a lot of people developing very sophisticated trading systems in the last few years it seems a lot of people are getting on board with introducing trading robots because this market never sleeps. You see a great deal of affiliate programs out there, I think it’s possible to trade the market with a robot if it’s trending hard, but I would do my home work and make sure I can test drive it first.I cant see it being easy to develop a program that wouldn’t be fooled by all the ups and downs in the live market.

You can see all the stats out there of people writing programs to make trading the spot Forex market easier, but in the long run the patterns change in this market and most automated programs come to an inevitable fate.

My last thoughts are if you are getting involved in Spot Forex learn to read your live data on your charts that is what the market is doing, pure reality.

Author Bio: I run a Forex trading room you can have a look at these Forex signals live

Category: Finances
Keywords: Forex signals, Forex signals live, spot Forex