More and more savvy investor and entrepreneurs are shunning traditional financial markets, like stocks, and bonds while building their fortunes in the foreign exchange (forex) marketplace.
The reason why they are turning to the world of Forex trading is its numerous advantages over the other types of investments. Even the experienced Stocks or Bonds traders are discovering how powerful and profitable the Forex markets can be. As a seasoned trader You can earn $800 to $3000 in less than 30 minutes a day.
Why should you trade the forex market?
Here are a few reasons why…
1) The forex market is open 24 hours a day 5 Days a week.
You can enter a position, or exit whenever you want, whenever you wish five days a week. You are not held hostage waiting for the opening bell for the stock exchange to open. Since it is a global market you can trade anytime that fits your schedule.
2) The daily trading volume of the Forex market is around $3.5 trillion dollars
It is 30 times larger than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders could each take 1 million dollars out of the FOREX market every day and the FOREX would still have more money left than the New York Stock Exchange would have daily! This simply means there is tremendous liquidity – great for risk mitigation.
3) You can profit in both rising or falling markets.
Going long in rising markets and selling short in falling markets
4) You can execute trades from anywhere in the world provided you have access to a laptop (or any other device) and the internet
5) considerable Leverage — Access to capital
In fact, you don’ t need a large sum of money to trade in the forex market, it is recommended you start with $2000, but you can start with as little as $250 USD. Most FX firms provide 30,50,100, or even as high as 1000 leverage. What this means is, let’s say you open a $1,000 account with 1:100 leverage – you would have access to $100,000 to trade with. Imagine with the proper training how much you can accomplish having access to that much capital.
6) Price Movements Are Highly Predictable.
Price movement are highly volatile in the forex market, however, the foreign currencies market moves in trends, and you can identify these trends – they tend to repeat in cycles- this is referred to as technical analysis.
7) No commission fees.
Unlike the stock market, brokers don’ t take commission on transaction.
To trade forex, you don’ t need to have a lot of money to begin; you can trade at any time, from anywhere, with an Internet connection, you will not have an order pending due of lack of liquidity, you can work as little or as much as you like.
The forex market has many advantages over the other traditional markets, and if approached correctly you can earn a tremendous amount of profits not to mention the freedom to enjoy those profits.