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  1. #1
    Golden Trader
    Join Date
    Jun 2013
    Location
    www.instagram.com/fxcma
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    English

    Why I Love Forex (and so should you)

    Working in your pajamas from the comfort of your home or a remote beach in Tahiti (provided there is Wi-Fi) creating extreme wealth, has to be amongst the top reason why people would want to make a career out of trading Forex, but as appealing as this reason may sound, it is not necessarily the best reason.

    So if money and freedom are not the main reasons for someone to fall in love with trading Forex, what are they?

    Guest post by Yael Warman, Content Manager at Leverate

    Low Entry Cost:
    Because Forex has a tight spread in terms of pips, the initial capital needed to begin trading Forex is small. A lot of brokers nowadays offer accounts with minimum deposits as low as 100 EUR and allow traders to determine the lots size they want to trade, making it extremely accessible to individuals who do not have a large start-up trading capital available. The cherry on top, is the fact that Forex trading comes with the ability to trade on margin with a high leverage factor, in some cases as much as 50:1.

    No or Low Commissions: While some brokers do charge a commission based on a percentage of the spread, most brokers make money on the spread between currencies, charging either a fixed or a variable spread. This no commission option as well as the tight spreads of the market make Forex trading costs much lower than those of any other trading market.

    High Liquidity:
    Because the Forex market is massively big in terms of number of traders and volume (daily activity often exceeds $4 trillion USD), it is extremely liquid. This means that even large orders are instantaneously filled at the click of a mouse without significant price deviations, allowing for tighter spreads and more efficient pricing.

    Variety of Trading Instruments:
    Based on timing, volatility patterns or economic developments, traders can choose from a variety of instruments involving 8 major currencies which yield seven different major currency pairs. This makes Forex trading much easier to follow than other markets in which traders must follow thousands of stocks to find the best value. In Forex trading, traders just need to keep up with the economic and political news of eight countries and switch from one currency pair to another based on their preference.

    Open 24 hours:
    That’s right, the Forex market is the only market truly open 24 hours a day. From the opening of the Australian market on Monday morning to the closing bell of the New York market on Friday afternoon, the Forex market never sleeps. As one market in the western hemisphere closes, another one in the east opens, making it possible for traders with day time jobs or busy schedules to take advantage of the different time zones and trade at any time during the day or night.

  2. #2
    Junior Trader
    Join Date
    Apr 2016
    Posts
    29
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    91
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    English
    Forex has vast range of earning money. If you have knowledge and commitment to do hard work then it would be easy to make good money. So always learn and make good money.

  3. #3
    Senior Trader
    Join Date
    Mar 2015
    Posts
    431
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    140
    My Language
    English
    To be honest, low entry cost is the most important point for me! Because, when I started Forex trading business then hadn’t enough money to start any traditional business! But, I didn’t mean; it’s an easy way of money making! As like others new trader; I also faced so many problems in my early stage of trading! But I was determined enough; as a result I never lost my learning interest! Till now I’m learning and updating my trading skill! By the way, now I have a decent monthly income.

  4. #4
    Junior Trader
    Join Date
    Aug 2017
    Posts
    6
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    43
    My Language
    English
    Hi, I can totally relate with your post here. In the start I also wanted to trade only for the profits but after knowing that in trading we need to learn it and understand the behavior made me satisfied because before that I thought people can only benefit from the forex but when I see lots of people who have lost money by making wrong trades. Then, I realize in forex if I want to survive for long time I should start it by considering it as a business where I can get profit from the right trade and losses with wrong trades.


    Thanks!

  5. ARIONFORXtarder
 

 

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