During the 90’s, the Wall Street was the best place to make tons of money. Brokers used to say that in order to make money in the stock market, one had only needed to wake up in the morning. Soon enough, thanks to the development of the internet, people started to make money out of trading right from the comfort of their homes.
They no longer needed to become brokers on Wall Street. They could now make money from the comfort of their homes by simple waking up in the morning.
Forex is the biggest online trading market of the moment. Being open to everyone on the planet, this is a 5-trillion a day trading volume market where people can literally get rich overnight. The other side of the coin is also true – they can also lose all of their fortune overnight.
Whether you are a professional trader or a regular person who wants to try a new money making opportunity, you should not ignore Forex. With enough skills, practice and experience, you could be on your way off to a great start with this platform, and you could multiply your earnings.
Here are 15 big reasons why you shouldn’t ignore the Forex trading market:
- High Liquidity: you can cash the funds your earn anytime you want.
- Always open: you can trade 24/7. You definitely don’t need to wait for the market to open on Monday morning. However, you need to remember that most Forex brokers are still closed on weekends, and the spreads go up Friday night until Monday morning. NEvetheless, this is slowly changing, with more and more traders and brokers being willing to trade in the weekend.
- Diversification: according to a study conducted by the Bankrate back in July 2013, investing in the Forex market is the best alternative to stashing the money under the mattress.
- Regulation: thanks to the new regulations and oversight by the Financial Institutions of the state, the Forex market has been registered under the Commodity Futures Trading Commission. This means that the state is not against this industry anymore, as it was in the past.
- Start small: one of the main reasons to not ignore the Forex trading market is that you can start very small. With just $100, you can make more than $10,000 in a few months. You can also start earning money from the first day.
- Transparency: you will never find a more transparent market that what Forex has to offer. As a Forex trader, you have complete visibility on your account at all times.
- Easy access: Forex is not a traditional market where access is limited or difficult. Instead, it enables easy access from all areas of the globe.
- Open for everyone: in order to trade you only need an internet connection and a trading software/client
- Demo accounts: demo accounts are the real deal, especially for new traders with no experience whatsoever. A demo account at CMC Markets allows you to have a real Forex trading experience, but with virtual money. Always use a demo trading account for a few days before investing real money in this platform.
- Constant support: there are many experienced traders out there willing to help and guide you. Moreover, you have a lot of online resources to look into.
- Extremely stable: the Forex market is very stable, especially due to the fact that it is international. Even though the price of currencies can vary, the fluctuations are not so dramatic to affect this huge market.
- You can make profits out of each trade: all you have to do is to use the right tools and to predict the correct trend in order to make good profits.
- Keep your job: Forex trading can be done in your free time. You don’t need to become a full-time trader. You can trade at your own pace and keep it like a hobby.
- No commission fees: we all want this benefit, and the Forex platforms offers it in full.
- Perfect for everyone: ultimately, you should not ignore Forex because it is perfect for you. Whatever your skills, social status, experience or age, this is a great money making opportunity, hobby or job