More and more investors and entrepreneurs are smarter avoiding traditional financial markets. Such markets are stocks, bonds, and commodities and build their wealth in the foreign exchange market.
There are several reasons why they are turning to the world of Forex trading which are all electronic. One reason is that there are many advantages to all types of investments.
Even if you are an experienced Stock or Commodity trader, you will find out how powerful Forex is.
You can make $ 200 to $ 3000 in less than 30 minutes of work every day.
Forex trading is far more risky than currency trading on the futures market. Forex is far more profitable and much easier than stock trading.
Why do you have to trade the forex market?
This is the reason why …
1) The forex market is open 24 hours, never sleeps.
You can enter a position, or go out whenever you want, whenever you are six days a week. You don’t need to wait for the opening bell as if you were trading in stocks. This is very good for you because you choose the best time to trade.
2) Forex daily trading volume is around $ 1.5 trillion dollars.
This is 30 times greater than the combined volume of all U.S. equity markets. This means that 1,498,574 skilled traders can each take 1 million dollars from the FOREX market every day. Besides that, FOREX will still have more money left over than New York Stocks have every day!
3) You make a profit from either raising the market or lowering the market.
You have the same potential to profit both in the market up or down. That’s because it’s up to you to buy a currency, or sell it after you determine the trend of market trends.
4) You can trade from anywhere.
If you like to travel, this is a dream business, you just bring your laptop and that’s it. You can make money from anywhere in the world, all you need to do is make sure you can access your Internet Connection.
5) Large leverage.
In fact, you don’t need a lot of money to trade forex, it is recommended to start at $ 2000. Even though such advice on forex you can start at $ 300. So if you have a proven strategy, your investment will grow as a result. That’s because you can exchange up to 200 times your investment. You can trade 100,000 units of currency with a margin of as little as 1%, or $ 1,000. there is no comparison with the stock market where you need a large amount of money to start if you want to see real profits. And besides that, you need to send a 50% margin.
6) Price movements are very predictable.
Price movements or very volatile in forex, however, foreign currency markets are moving in a trend. You can identify this trend – because they repeat the cycle – with technical analysis.
7) There are no commission fees.
Unlike the stock market, brokers do not take commissions on transactions.
To trade forex, you don’t need to have a lot of money to start. You can trade anytime, from anywhere, with an internet connection. You also won’t have pending orders due to lack of liquidity, you don’t need to work all day.
The forex market has many advantages over other traditional investments. And for sure, this will give you more freedom, and more money.