Why People Trade Forex ?

Dr Watson Goh By Dr Watson Goh, 21st Apr 2011 | Follow this author | RSS Feed | Short URL http://nut.bz/177pz0-b/
Posted in Wikinut>Money>Forex Trading

In today trouble economies around the world, it's time for people to take full control of your own financial future. As such, having a skill to trade Forex is requirement and key to lasting relationship, fullfiling dreams & aspirations, raising morally and upright childrens, etc.

Trading Forex

In today trouble economies around the world, it's time for people to take full control of your own financial future. As such, having a skill to trade Forex is requirement and key to lasting relationship, fullfiling dreams & aspirations, raising morally and upright childrens, etc.

Below are some facts on why Forex Trading is being traded so actively around the world :-

- Start-up costs are very low in comparison to Futures, Stocks & Options;

- Open a mini account with as little as $300.00, with a margin amount of only $50.00 per trade.

- There are $0.00 commission when trading Forex.

- Forex is the worlds largest market in the world, with a trading volume of around $3.2 trillion dollars a day. (No one can corner or manipulate this market.) It dwarfs the US Stock Exchange.

- You can make profits just as easily when the market goes down as you can when it goes up. Forex trades 24 hours a day, and even on Sunday !

- People love trading Forex, because these markets trend very well, making it easier to hold trades for a longer period of time.

- Forex offers 100:1 and even 200:1 leverage, allowing your money to compound much more quickly. (Stock market only offers 1:1 or 2:1 leverage, while the futures industry only offers 15:1 leverage.)

- Being the most liquid market in the world, with such high volume, executing trades at a specified price is almost never a concern, even in the dead of night.

- Because it trades 24 hours a day, and has such high volume, it lends itself very well to part time traders who might want to come home from work and trade for a couple of hours in the evening.

- You can trade from anywhere in the world, wherever you can gain Internet access; sitting on the beach, or hiking in the mountains.

- You can gain a tremendous amount of experience by trading your free practice, or demo account. Demo accounts never expire, and have live streaming quotes, just like the real market. Practice any strategy you can imagine, without risking a dime !

- When trading stocks, you must choose from over 40,000 stocks, but in Forex, you can limit your research to 3-5 markets, and focus all your energy into those markets, get down to the business of trading, not analyzing.

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Comments

author avatar envisage
19th Jun 2011 (#)

Excellent presentation. I am inspired to participate in the world of FOREX Trading. Thank you.

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author avatar yugasini
10th Mar 2012 (#)

hi friend,

first time i am knowing some thing about Forex trading,if you could send more information about Forex trading,i may be more happy

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