7 Reasons to Trade the FOREX Market.
More and more savvy investors and entrepreneurs are shunning traditional financial markets like stocks, bonds and commodities and building their fortunes in the foreign exchange (forex) market.
The reason they are turning to the purely electronic world of forex trading is its numerous advantages over any type of investment.
Even if you are an experienced Stock or Commodity trader you will discover just how powerful Forex is.
You can make 200 to 3000 dollars every day in less than 30 minutes.
Forex Trading is much less risky than trading currencies on the futures market, much more profitable than trading stocks and much easier.
Why should you trade in the forex market?
Here are the reasons why…
1) The forex market is open 24 hours a day, it never sleeps.
You can enter or exit a position whenever you want, six days a week. You don’t have to wait for the opening bell like if you were trading stocks. it’s perfect for you as you choose the best time for you to trade.
2) Forex’s daily trading volume is about 1.5 trillion dollars
It is 30 times larger than the total volume of all US stock markets combined. This means that each of the 1,498,574 skilled traders could take out $1 million dollars from the FOREX market every day and FOREX would still have more money than the New York Stock Exchange would have daily!
3) You profit in a rising market as well as a falling market.
You have equal profit potential in both a rising and a falling market, because it’s up to you to buy or sell a currency after identifying the market trend.
4) You can trade from anywhere.
If you love traveling, this is a dream job, you just take your laptop with you and that’s it, you can make money from anywhere in the world, all you need is to make sure you can access an Internet Connection.
5) The leverage is quite high.
In fact, you don’t need a lot of money to trade forex, it is recommended to start with $2000, but you can start with $300, then if you have a proven strategy, your investment will grow as a result as you can trade up to 200 times your investment. You can trade currency lots of 100,000 units with a margin as low as 1% or $1,000. there is no comparison with the stock market where you need a large amount of money to get started if you want to see real profits. And besides that, you need to put a 50% margin.
6) Price Movements are Highly Predictable.
In Forex, price movement or highly volatile, but the foreign exchange market moves in trends, and you can identify these trends – as they repeat in cycles – with technical analysis.
7) No commission fees.
Unlike the stock exchange, brokers do not charge commission on the transaction.
To trade Forex, you don’t need to have a lot of money to start with; you can trade anytime, anywhere with an Internet connection, you won’t have a pending order due to lack of liquidity, you won’t have to work during the day.
The Forex market has many advantages over other traditional investments and will definitely give you more freedom and more money.
