Why I Love Forex (and so should you)

[Samirofi]

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.

[Noin1976]

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.

[Zachary Davis]

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.

[jenperry]

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!

[guruforex]

Forex has a lot of advantages and disadvantages. However, it is one of the best source of income online. It is free to participate, as long as you have enough money.

[seoagencyindia]

It is one of the best source of income online through trading. It is free to participate, as long as you have enough money.

[Danielpeters]

Forex has a advantage and also had a dis advantage. In my view Forex is the best ways for earning money.

[Sameeh]

Forex market has many unique characters that let the people to join it and make money, forex does not need much money to invest and so this will allow the small traders to invest any amount of money they want and start trading, forex does not need much efforts to make money with it as the trader needs to open position and makes trade and then he will start to make money easily, also forex has big and much liquidity and this makes movement of the market are big and so the trader can catch some pips from the market with each trade he makes, it also needs just computer and internet and this is available for everyone nowadays so its requirement are simple and easy to be achieved then the trader can trade.

[FXOpen Trader]

Forex market has many unique characters that let the people to join it and make money, forex does not need much money to invest and so this will allow the small traders to invest any amount of money they want and start trading, forex does not need much efforts to make money with it as the trader needs to open position and makes trade and then he will start to make money easily, also forex has big and much liquidity and this makes movement of the market are big and so the trader can catch some pips from the market with each trade he makes, it also needs just computer and internet and this is available for everyone nowadays so its requirement are simple and easy to be achieved then the trader can trade.

Forex trading is a good and also a Reliable business option for us.

[Katrina]

Forex is the best way to make some good money online, but it requires lots of skills such as risk management and money management and lots more.