Forex Lessons - 5 Reasons to Learn More About Currency Trading
Hi,
If you are interested in the Forex market but still are a beginner, have a look to this article, where you will find 5 good reasons to learn more about currencies and how to make money trading them.
1. The word Forex stands for Foreign Exchange Market, It is a really big business, where you can trade (buy and sell) different currencies 24 hours per day from Monday to Friday.
Do you think this is rocket science? Consider that you probably have already traded in the Forex market, just exchanging money in your bank for a trip to a foreign country.
The Forex market trades more than 3 billion US Dollars per day. In the past Forex was open only to banks and big traders, but now everyone can trade on Forex looking for profits.
2. Another aspect to point out is that Forex is so huge (remember: over three billion dollars every day!) that is impossible for any person or company to change prices in the market.
3. Forex market is open 24 hours a day because it works around three different areas (America, Europe and Australasia). Based in the different time zones, when one area closes the next one opens, so you can trade currencies at any time regardless of the country you live in.
The most traded currencies in the Forex market (over 85% of the daily operations) are the U.S. dollar ($), the European Euro (€), the Japanese yen (¥), British pound (£), Swiss franc (Fr) and finally both Australian and Canadian dollars ($).
4. Forex has nothing to do with the stock market, futures, options, etc. Why?
Forex is much bigger than the others financial markets and have some advantages. For example stock markets are open just for some hours (typically from 9 am to 5 pm - local time) so can be difficult trade on them from an international point of view, especially if you work on a full time job. On the other hand, the 24 h Forex allows people to find the best time for them to trade.
Also important is that Forex does not charge any fee, while stock markets will charge you commissions on trades.
Other benefit over the rest of financial markets is that the Forex trends are usually repetitive (easier to analyse) so it is easier to trade without losses. Stock markets are more difficult to understand and their trends are more unstable; as a consequence these markets are more dangerous as stocks can go up when they have been predicted to go down (or vice versa).
5. The last of the Forex lessons is clear: every one can become a Forex trader online. All you need is get the right info about this theme, choose a strategy and follow it step by step. Indeed, the Forex market is the best (easiest) way to know the exciting (and profitable) world of financial markets. Once you try it, it is hard to quit, even if you are not interested in becoming a professional trader.
Finally, if you would like to learn more about what Forex is and how you can make some profits as a trader, visit [http://www.myforexlessons.com/]
Thanks and regards
If you are interested in the Forex market but still are a beginner, have a look to this article, where you will find 5 good reasons to learn more about currencies and how to make money trading them.
1. The word Forex stands for Foreign Exchange Market, It is a really big business, where you can trade (buy and sell) different currencies 24 hours per day from Monday to Friday.
Do you think this is rocket science? Consider that you probably have already traded in the Forex market, just exchanging money in your bank for a trip to a foreign country.
The Forex market trades more than 3 billion US Dollars per day. In the past Forex was open only to banks and big traders, but now everyone can trade on Forex looking for profits.
2. Another aspect to point out is that Forex is so huge (remember: over three billion dollars every day!) that is impossible for any person or company to change prices in the market.
3. Forex market is open 24 hours a day because it works around three different areas (America, Europe and Australasia). Based in the different time zones, when one area closes the next one opens, so you can trade currencies at any time regardless of the country you live in.
The most traded currencies in the Forex market (over 85% of the daily operations) are the U.S. dollar ($), the European Euro (€), the Japanese yen (¥), British pound (£), Swiss franc (Fr) and finally both Australian and Canadian dollars ($).
4. Forex has nothing to do with the stock market, futures, options, etc. Why?
Forex is much bigger than the others financial markets and have some advantages. For example stock markets are open just for some hours (typically from 9 am to 5 pm - local time) so can be difficult trade on them from an international point of view, especially if you work on a full time job. On the other hand, the 24 h Forex allows people to find the best time for them to trade.
Also important is that Forex does not charge any fee, while stock markets will charge you commissions on trades.
Other benefit over the rest of financial markets is that the Forex trends are usually repetitive (easier to analyse) so it is easier to trade without losses. Stock markets are more difficult to understand and their trends are more unstable; as a consequence these markets are more dangerous as stocks can go up when they have been predicted to go down (or vice versa).
5. The last of the Forex lessons is clear: every one can become a Forex trader online. All you need is get the right info about this theme, choose a strategy and follow it step by step. Indeed, the Forex market is the best (easiest) way to know the exciting (and profitable) world of financial markets. Once you try it, it is hard to quit, even if you are not interested in becoming a professional trader.
Finally, if you would like to learn more about what Forex is and how you can make some profits as a trader, visit [http://www.myforexlessons.com/]
Thanks and regards
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