There are three financial markets that we believe are the most appropriate for traders: futures, forex and stock markets. Here you will find a short overview of each of these markets.
This market allows individuals to speculate on the future price of commodities, indexes, currencies, etc. Market hours are from Sunday night 6 PM Eastern until Friday at 5:15 PM Eastern. During this time the futures market trades 24 hours a day. Our partner, TD Ameritrade, offers a demo platform that gives access to the futures market.
The forex market allows individuals to trade currency pairs. For example, if one country’s currency is weakening while another country’s currency is getting stronger then a trader could then go to the Forex market and potentially trade both currencies. Some of the major currencies include but are not limited to the Euro dollar, U.S. dollar, Australian dollar, Swiss Franc, and the Japanese yen. Market hours in the Forex market are from Sunday 5 PM Eastern time until Friday 5 PM Eastern time. Like futures, the Forex market trades 24 hours a day.
U.S. Stock market
The stock market allows individuals to trade shares of a company’s stock. Unlike the forex and futures markets, the U.S. stock market only open between 9:30 AM Eastern to 4:00 PM Eastern from Monday through Friday. The U.S. stock market is also regulated differently than the forex and futures market. Anyone desiring to day trade stocks (more than four trades within five business days) will be required to have $25,000 or more in their trading account.
For a more in-depth description of these markets purchase the Introduction to Trading: Guide for the Independent, Curious, and Persistent.