There are many many advantages over the various other ways of investing.
First of all it is a 24 hr market, except for weekends of course. You have the
US market then the european and then the Asian. One of the great times to trade
is during the over lapping periods. The USA and european overlap between 5am
& 9am eastern and the Euro & Asian between 11pm & 1am eastern.
Usually the busiest time and best to trade.
The is also the risk factor for the accounts. With futures and options you
can get margin calls that can wipe you out. If you get caught in a bad trade not
only do you lose the money in the account but you may have to come up with alot
more from your pocket. It can be very risking. But not in Forex. Worst case
senerio you could lose whats in you account. But you would have to do something
really stupid. Like making a big trade on a Fundamental day and leave it alone.
If market takes a bad move and you weren't there. OOOPS. But That wouldn't
happen with a smarth trader.
Then there are the demo accounts which is an account where you can trade
using all the right things, platform,charts,and information. But you are using
play money, or what we call paper trading too.
Plus with Forex you have a mini account. Instead of needing thousands of
dollars to get into it. You can open an account with as little as $300.00. Now
of course you will be trading at 1 tenth of a trade. IN other words you
controling 10,000 instead of 100,000.00 These are call lots. Which also means
you will only risk 1 tenth too!
So if you would love to learn to do investing and not have near the risk you
really need to take a closer look at Forex trading.
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Friday, 5 April 2013
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