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Why Trade Forex ?

There are many vari­eties in Forex

In Forex trad­ing, there are more than 30 cur­rency pairs traded and most of the trad­ing vol­umes are con­cen­trated in about half of those. This is more than enough cur­rency pairs to give you choices in which cur­rency pairs to trade and help you make lots of money if you can trade suc­cess­fully in most of them.

There are no fixed lot size in Forex

In Forex, the stan­dard lot size is 100,000 units, but most bro­kers let you trade mini-lots of 10,000, and some even offer super mini lots as small as 100 units! For a new trader, this flex­i­bil­ity in lots size is an excel­lent money man­age­ment tool for the trader. He or she can increase trade size as their knowl­edge in Forex trad­ing and prof­its increases.

Forex is open 24-hours on weekdays

A Forex trader can start trad­ing from late Sun­day after­noon (U.S time) to the fol­low­ing late Fri­day evening. You may enter the mar­ket and exit as you like and trade for as long or as short a time as you wish. Forex is volatile The Forex mar­ket can move up or down in a very short period of time. You can make huge prof­its if you know where the mar­ket is going at that point of time.

Low mar­gin, high leverage

One of the most great­est advan­tages about trad­ing Forex is that you can trade lever­age ratios of from 10:1 up to 400:1 which means you may con­trol 100,000 USD with from £10,000 to as lit­tle as £250. High lever­age means that a very small move in the charts may result in a 100 per­cent profit or sadly, a loss..

You can trade Forex on the internet

Most Forex trad­ing are con­ducted online, via the inter­net. You trade Forex on the broker’s trad­ing plat­forms. This trad­ing plat­form includes real-time prices and you can place buy and sell orders and make use of its trad­ing tools such as charts and indi­ca­tors. And if the need arises, clients to call in orders by phone to their respec­tive brokers

Forex is not related to the stock market.

Cur­ren­cies are inde­pen­dent of the stock mar­ket and from an invest­ment per­spec­tive, cur­rency prices are non cor­re­lated with stock prices. For this rea­son Forex may be an attrac­tive hedge to a larger stock mar­ket account.

Secrets of FX Titans & Tycoons!

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