For those with experience in both forex and stock trading, which market do you consider better, and why?
I'm not going to say one is better than the other, but I personally prefer Forex. I trade through OANDA, which offers two pricing options: spread-only and commission plus core spread. I'm choosing to pay the spread with their spread-only pricing option rather than access lower spreads with their commissions model. Consequently, whatever profit I anticipate making I actually receive, which I like. Even if I found a commission free stock broker, it would probably only last a limited time. Sooner or later, they always seem to start charging commissions, and those who start out with low commissions inevitably end up raising them eventually.
Moreover, I don't have to hassle with the problem of not being able to short an asset because my broker doesn't have any outstanding shares to sell me.
Third, Forex doesn't have any kind of freaking pattern day trading rule!!!
And finally, if I romp inside the right playgrounds, I can earn massive returns on tiny investments (like a 100% ROI in a single day) which is virtually impossible with stocks. Of course, such terrains are always plagued by significant hurdles, but if you have a trading system with a high enough success rate, this doesn't really pose a problem.
Oh...and another thing...I can trade the same assets during BOTH the London AND New York sessions, doubling (sort of) the amount of time I have to generate returns. (I don't typically trade the Tokyo or Sydney markets.)
