7 Reasons To Start Forex Trading
More and more perceptive investor and entrepreneurs are shunning traditional financial markets
, like stocks, bonds and commodities and building their fortunes in the foreign exchange forex marketplace.
The factor why they are turning to the all electronic world of forex trading is its many advantages through any form of investments. Although you are an experienced Stocks or commodities trader, you will discover how strong the forex is. You can make $200 to $3000 in less than 30 minutes of work daily. Forex trading is much less risky than trading currencies on the futures market, much more rewarding, and a lot easier, than trading stocks.
Why should you trade the forex market? Here are the circumstances:
1. The forex market is open 24 hours
You can enter a position, or exit always that you need, always that you are 6 days a week. You do not need to wait for the opening bell like if you were trading stocks. It is excellent for you as you pick the best time so you can trade.
2. The daily trading volume of the forex is around $1.5 trillion dollars
It is 30 times bigger than the combined volume of all U.S. equity markets. This signifies that 1,498,574 capable traders could each take 1 million dollars out of the forex market daily and the forex would still have more cash left than the New York Stock would have daily!
3. You profit in either emerging market or falling market
You have equal potential to profit in both a rising and falling market, because it is up to you to pay for a currency, or to sell it, after you determined the market trend tendency.
4. You can trade from anywhere
If you like to travel, this is a dream business, you just take your lap top with you and that is it, you can make cash from anywhere in the world, all the things that you require is to make sure that you can access an internet connection.
5. The leverage is considerable
In fact, you do not require a lot of cash to trade forex, it is recommend to get start with $2000, but you can begin with $300, then if you have a proved tactic, your investment will grow consequently, as you can trade up to 200 times your investment. You can trade 100,000 unit currency lots with as little as 1% margin, or $1,000. There is no comparison with the stock market where you need lots of money to initiate, if what you want is to see real profits. Besides that, you require to post 50% margin.
6. Price movements are notably predictable
Price movement or notably volatile in the forex, The foreign currencies market is moving in trends and you can recognize these trends, as they repeat in cycle with the technical exploration.
7. No commission fees
Unlike the stock market, brokers do not take commission on transaction.
To trade forex, you do not require to have a lot of cash to start, you can trade at any time, from anywhere, with a Internet connection, you will not have an order pending due to lack of liquidity, you will not have to work throughout the day. The forex market has many advantages through the other traditional investments, and evidently, it will give you more liberty, and more cash.
by: Calvin Tan
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