FXCM is one of the net’s largest Forex Brokers both in terms of number of clients and capital it posseses. An average of $350 billion in volume every month is traded on FXCM’s trading platform, and FXCM is one of the most well-capitalized Forex Dealer Members. FXCM is in fact one of the longest running online Forex brokers. Consequently, FXCM has maintained strong relationships with many of the worlds largest international banks. FXCM receives and is able to offer these advantages to its clients: better prices, and better execution, tighter spreads, and ease of use. Forex is traded via an over-the-counter market with no centralized exchange, meaning not everyone enjoys the same prices or quality of execution as those using FXCM do. In reality, the world’s biggest banks usually provide better prices and execution to institutions with the largest trade volume and the most solid financial statements, namely brokers like FXCM.
Information about stocks is abundant, but so are the stocks. Finding a trade opportunity in the equities markets may mean sifting through data on thousands of stocks, while the forex trader has only six major currencies to research. Additionally, the vital information that moves equity markets, such as revenues and profits, is proprietary and private, and sometimes subject to fraud, deception and insider trading. In contrast, virtually all of the news that bears on the forex market is in publicly disseminated reports from governments or research institutions, and released to everybody at the same time.
The knowledge you've gained in analyzing stocks is easily transferable to the forex market. Many of the economic indicators familiar to equity traders, such as payroll data and interest rates, affect the currency markets. And many technical traders have found the forex market to be particularly attractive, since currencies respond well to many of the common technical indicators, such as MACD, RSI, and Candlestick charting.
To learn more about transitioning from trading equity markets to trading in the Forex market, contact the FXCM staff today at 888-503-6739.