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The forex market involves the buying and selling of currencies and is the world’s largest financial market with an estimated daily turnover of $1.5 trillion. This is 30 times larger than all US stock markets combined. The Forex market is open 24 hours a day, 5 days a week.
Historically, the FX market was mainly available for large banks, multinational corporations, and other wealthy participants who traded large transaction sizes. But now, with the advent of the internet and new technology, forex trading is becoming an increasingly popular investment alternative for the general public.
More and more investors are moving away from traditional markets and turning to forex trading for many reasons:
Start with as little as $300 in your account and go from a part-time endeavor to a full-time income. Start with a demo account until you feel comfortable opening a live account
Lower margin requirements for forex trading, usually around 1%, equal to $1000 for a $100,000 contract. Compare this to the 50% margin requirement in the stock market.
No commissions – when you trade stocks or commodities you have to pay brokerage fees.
For a forex trader, the spread is the only cost needed to cover.
Limited risk and guaranteed stops – when you trade stocks and commodities, your risk can be unlimited. In the forex market, stops are more easily filled – it is impossible to lose more than the amount of money in the forex account.
Due to the liquidity of forex markets and round-the-clock trading, dangerous trading gaps and limit moves are eliminated. Orders are executed quickly without slippage.
Because the market is so large, there is no possibility of someone controlling the market price, unlike the stock market, which can involve insider trading.
Trading currencies is much simpler than stocks. There are only a few major currency pairs as opposed to thousands of stocks to analyze.
There are great opportunities to make profits in the forex market both when prices rise and when they fall.
Do you want to achieve financial freedom by working from anywhere in the world with just a computer and an internet connection? Start trading Forex today!!!!!
