A growing number of smart financier and business owners are avoiding traditional markets, like commodities, stocks and bonds and building their wealth in the foreign exchange (Forex) market.
Did you ask the question why? They are smart and turning to the world of all-electronic Forex trading. It has many benefits over the other investments out there.
Those that are knowledgeable Stocks or Commodities trader have discovered how effective the Forex trading can be.
They have found that making $200 to $3000 in less than 30 minutes of work every day is very possible.
It has also been shown that it is less risky than the traditional trading like currencies on the futures market, a lot much easier, and a lot more rewarding, than trading stocks.
So now ask “Why should you trade the Forex market?”
Here are 7 reason why …
1) The market is open 24 hours. This allows you to get in a position or leave a position whenever you desire. There is no opening bell that you have to wait for to get your trade started. This also allows you to choose the best time for you to trade.
2) A daily trading volume for Forex is approx $1.5 trillion dollars. And of all U.S. equity markets it is 30 times bigger than the combined volume. This could imply that over 1,400,000 proficient traders might each take 1 million dollars out of the Forex market every day, and they would still have more cash left than the New York city Stock would!
3) You profit in both falling market or raising market. You have the benefit in both increasing or falling market, because it’s on you if you buy a currency, or decide to sell it, after you look at the market pattern.
4) Another advantage is that you can go anywhere to trade. If you go on a trip, you just take your lap-top with you, and you can earn money from anywhere in the world. You just need access to a Web Connection.
5) The leverage is substantial. In reality, you don’ t require a lot of money to trade Forex. You could start with $2000, or even as low as $300. If you have a proven method, your financial investment will grow as a result. Reason being you can trade approximately 200 times your financial investment. You can trade 100,000- unit with as little as a 1% margin. Unlike the stock exchange where you require a much larger amount of money to begin.
6) Price movements are predictable. Highly volatile or price movement is unpredictable in the Forex. The foreign currencies market is moving in trends, and you can recognize these since they duplicate in cycle and the technical analysis.
7) There are no commission fees. In the stock market exchange, you will always have a commission fee to the broker.
Forex trading, does not requirement you to have a great deal of money to begin. Another advantage is that you can trade at any time, from anywhere, as long as you have wifi. You will not need to work all throughout the day. The last great advantage is that it will give you more flexibility and possibly even more cash that you won’t have to share with a broker.