When it comes to trading in any market, Forex currency trading has a huge advantage over other players in the trading business. Firstly, the Forex market has the advantage of time freedom. In the Forex market, one can trade around the clock from Monday through Friday. In the stock market that is simply not possible as the markets close at 4:00 pm. This advantage of time freedom allows those who have not yet earned enough money trading in the Forex market to maintain their day jobs while trading at night. It is also quite plausible to trade in the morning before a person goes to work. Trading the Forex can become an excellent second job.
Freedom from Fees and Charges
Unlike the stock market, the currency trading market does not require a trader to pay a commission to place a trade. This will come as a welcome sign of relief to those who have grown accustomed to the money they must fork over to their brokers which go towards clearing, exchange and government fees. In the Forex market, you also do not have to worry about having a large sum of money in your account to sell your currency pairs. This concept of selling as you may already know is commonly called shorting in the equities world. You can buy or sell at will in the currency trading arena.
It is remarkable to be able to participate in this market right now from the comfort of your own home. As long as you have a computer that is connected to the Internet you are in business. You can begin trading with as little as 300 dollars. We can help you learn how to turn this 300 dollars into some serious money with simple strategies. This is easier to do in the Forex market given the advantages it has over its competitors.
Forex is a Popular Market
The Forex market is traded by some of the world’s richest individuals including Bill Gates and Warren Buffett. You now have access to the same opportunities as they do. There is nothing stopping you from getting on the road to financial freedom. You have already begun the journey by choosing to educate yourself on the pros of the Forex market.
I personally love the freedom to trade whenever you want to with the Forex. In the stock trading world, you are flagged by brokers if you are deemed to be a daytrader. In other words, if a trader of stocks chooses to trade every day, he or she must have an account balance of 50,000 dollars to do so. There are no such restrictions when it comes to trading the Forex. If you work at night, you may trade in the daytime. If you work during the day, you may trade at night. You simply trade according to the schedule that works best for you.
Who uses Currency?
The whole world uses currency in some form or another. There will always be a need for money, so there will always be a Forex market. You are simply trading one currency for another the same way you might exchange it when you travel internationally. The Forex market is not going anywhere. Forex is here to stay so the only question is, will you be a part of it?
Another advantage that Forex has over stocks is the advantage of trading focus. Instead of having to choose between over 4,000 stocks you can deal with 4 main currency pairs. Any good business person knows that focusing on too many things is a recipe for financial disaster. This can be equally true in the stock market. A stock trader also must grapple with the time issue of doing research on all those potential stocks. It is much easier to become familiar with 4 things as opposed to 4,000 things. Focus is the name of the game and Forex trading makes it much easier to do.
The ball is now in your court. Will you make the decision to build a winning strategy with currency trading? Forex is indeed the winner’s game and those who win consistently know how to play it well.