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LIKE TO TRADE FOREX ONLINE:
1) The FOREX is a 24-hour, global market. This gives you, as
a trader, a lot of flexibility. You can trade anytime you want.
And, you have more than enough room to react, if you need to.
2) It is highly accessible. All you need is a computer with
internet connection, and you are ready for action, anywhere
you are.
3) Global Reach and Opportunity. Regardless of where you live,
you can trade the major currencies of your choice. For example,
you may be living in Africa but you can trade the US Dollar, the
Japanese Yen, the Euro, or any major currency that you wish
to trade. So, you don’t need to live in Japan to trade the
Japanese Yen, or live in London to trade the British Pound.
4). It is very cheap to trade. Broker companies normally charge
no commissions or fees.
5) Low start up capital needed. Even with little money, you can
start trading!
6) High Leverage. You can trade bigger amounts of money with
your much smaller amount of money. For example, your
$100 can actually purchase $10,000 worth of currency
(or even more, depending on the leverage you are given).
7) You can make profit with "up market" or "down market".
Unlike other businesses, you can make profit with FOREX,
either the market is rising, or falling. So, even with an
economic crisis raging, you can still make profit with FOREX.
8) FREE Practice. Beginners can always open Practice Accounts
for FREE, and with no risks. This is very useful, as it allows
beginners to learn, thru hands-on experience.
9) FREE Resources Available. There are many websites, forums, blogs,
video tutorials, eBooks, newsletters, guides, etc., all about FOREX
available on the net for FREE! These would help you in your continuing
education about FOREX, once you have started.
10) High Liquidity. The FOREX market is the most liquid financial market in the
world. With its huge trading volume everyday, there are countless buyers
and sellers, at any given time, willing to buy or sell. This helps ensure fair
market prices for all, and allow traders to cash in their positions just with
the click of a mouse.
11) Simpler and Easier to Trade. Unlike the stock market, the FOREX market
revolves around, more or less, just eight major currencies. This makes
it simpler to trade, and it is easier to get a clearer picture of what’s going
on in the market, at any time. Also, the trading platforms are generally
simple to use, very user-friendly, and packed with features especially
designed to arm the beginners with advance trading techniques. So, you
don't need to be an expert, to trade FOREX online.
12) Open Market. The giant size of the FOREX market ensures that no single
company or entity can corner (or monopolise) the market. Any investor or
trader, or individual, of any size, can have the chance to participate.
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