Why Trade Forex?
The markets are open 24 hours a day. Round the clock trading gives the trader the opportunity to trade within any time zone around the world. The currency market is the largest and most lucrative market available and its trading hours extend from Friday evening 10h00 until Monday evening 22h00. In between these periods the markets are open for trading 24 hours per day.
The currency market is a 24-hour market. As a trader, this allows you to react to favorable/unfavorable events by trading immediately. It also gives traders the added flexibility of determining their trading day. You can live and work anywhere in the world. You can be independent from routine and not answer to anybody.
Largest and most lucrative market in the world. You can make money when the market is going up or down. Forex is the world's largest market. No one can corner the market. With a trading volume of around $3.2 trillion dollars a day( Bank for International Settlements April 2007), no single entity can control the market for an extended period of time.
Little or no staff required. In this business it is predominantly you and your computer and you have no staff, no labor problems, no cash flow planning, no salaries and wages, to be concerned about.
Forex offers up to 100:1 leverage but it is wise avoid very high leverage if you can afford it. Stocks offer 1:1 or 2:1.Futures offers 15:1 leverage.
The forex market is the most liquid in the world. Traders can almost always open or close a position at a fair price.
You can make money working only a few hours a day or week on your computer.
You can trade from anywhere in the world where there is an internet connection.
You can gain experience without risking your own money by using a free demo account. |
| Posted by Tanya Knott
Date : 10/18/2008
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