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Monday, August 10, 2009

Why Trade Forex

1. You can make a substantial income working only a few hours a day or week on your computer.

2. Trade from anywhere in the world where there is an internet connection.

3. You can use a free demo account to gain experience without risking your own money.

4. Traders can almost always open or close a position at a fair price, because the forex market is the most liquid in the world.

5. If the market is going up or down you can still make money.

6. No need to wait for the opening bell, because Forex markets trade 24 hours a day.

7. No single entity can control the market for an extended period of time with a trading volume of around $3.2 trillion dollars a day ( Bank for International Settlements April 2007)

8. No one can corner the market because Forex is the world’s largest market.

9. Compared with day trading stocks or futures, start-up costs are low.

10. When trading stocks, there are over 40,000 stocks to choose from, but in forex, you can choose one or two currency pairs and focus your analysis.

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