WHY BECOME A FOREX TRADER?
There are several reasons to become a foreign exchange (FOREX) trader. You are able to participate in the market from almost anywhere in the world you have internet access. The forex market currently produces 5 Trillion dollars of daily volume and thats just in the United States. Its one of the most liquid markets in the world which means you can access your profits very quickly. Forex is the worlds largest financial market.
FOREX NEVER SLEEPS
Due to forex being a global trading market, there are always banks and large corporations executing transactions. Therefore, as a forex trader you are able to trade currencies at any time, 24 hours a day, 5 days a week. While it is a great advantage to trade whenever, there are specific times when the markets have more transactions being executed than others. These times are called session over-laps when two markets are open at the same time. For example, when the London session is near its end, the New York session is just beginning so many large banks, hedge funds, corporations, and retail traders are moving over their transactions creating more volatility and more opportunities.
WORLD WIDE MARKET
A huge advantage to forex is the availability to trade in your home, on a hammock in Bora Bora, or even at the top of Mt. Everest. As long as you have a stable internet connection, trades are able to be executed anywhere in the world. So if you are someone that loves to travel, forex is one of the limited ways that you are able to create unlimited income while on the road, in the sea, on a plane, hiking a mountain, or wherever your endeavors take you in life.
LOW BARRIER OF ENTRY
Becoming a forex trader used to be one of the most expensive investments an individual could make. Around 15 years ago the lowest investment one could make in the markets was $100,000. Now, thanks to the era of the internet, retail forex traders are able to create a live account with as little as $10. Yes. You read that properly. $10. That would be quite a return on investment to create thousands and even a fortune starting with $10.
The foreign exchange market offers something that the stock market, securities, equities, and others do not, or, those markets offer it in much smaller amounts, what is it? It’s called leverage. Leverage is having the ability to have a smaller investment, but have the ability of more buying power on the forex markets. Example, if you create a $1,000 account, and the brokerage offers you a leverage of 1:200, you, the trader, are able to control 200,000 units of buying power on the market. That allows much larger returns. However, leverage is a double-edged sword. Without proper risk management, you can lose the initial investment much more quickly due to leverage. This is where our educational system and support can help you learn how to become a profitable trader.
TRADE ON THE BUY OR SELL
Unlike other financial markets where it can be difficult to go short, there is no limitation on the ability to short currencies. Due to currencies being in pairs, one will always be gaining strength over the other, always creating a market to go short (sell). This ultimately makes the forex market recession proof. Actually, a country going into a recession, such as the United States, can still produce great profits for forex traders.