Why Trade Forex

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Why Trade Forex

Why Trade Forex

• Take control of your own finances.Beat the returns from mutual funds, hedge funds or managed funds.
• Start-up costs are low when compared with day trading stocks or futures.
• 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.
• You can make money when the market is going up or down.
• Forex markets trade 24 hours a day. There is no waiting for the opening bell.
• Technical analysis works very well and the market trends well.
• 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.
• When trading stocks, there are over 40,000 stocks to choose from. In forex, you can choose one or two currency pairs and focus your analysis.