Friday, July 20, 2007

Learn Forex Trading In An Innovative And Easy Way

Why Learn Forex trading?The forex market is by far the largest
market in the world. It is estimated that around $1.5 TRILLION i
s traded every single day. By far more then all the stock, bond and
futures markets of the entire world combined! Forex or currency
exchange is the term used to describe the trading of world currencies.
A trade occurs when a trader simultaneously buy of one currency
and sell of another one. E.g., to buy British pounds with US dollars.
The currency combination used in a trade is called a pair.What does
a forex trader do? Simple, buy a currency at a low value and sell it
at a higher value, and in the process profit from it! For example,
buy Great British Pounds with US Dollars, wait for the Pound rate
to go up and make money! This can be done several times a day
if the forex trader is a day trader or several times a week or month
if the trader is a forex swing trader.What are the main benefits of
trading in the forex market?Many currency pairs are very volatile.
Volatility means that they move a lot during the day, from side to
side, allowing traders to capture sometimes 5-6 price swings per
day, each one potentially allowing the trader to make impressive
profits.5-7 currency pairs to monitor (instead of over 10,000
stocks!), no commission trading, guaranteed fills for stop losses and
limit orders, impressive leverage. The forex market is a 24 hour
market. Never stops. This means that as a forex trader you can
chose exactly when to trade. Some traders have day jobs and do
not have the necessary time to trade during the day so they can
trade at night. People who make their living as forex traders can
chose to trade any time of the day or night. The point being, a 24
hour market allows the trader a lot of flexibility.What are the
Exclusive benefits offered by forex trading?
An incredible benefit of the forex industry is that today all forex
brokers allow traders to open free demo accounts. This demo
account has the full capabilities of a "real" account including live
market rates, access to real-time market analysis, and the
ability to execute trades off streaming prices. This means that
the trader can test his or her strategies without risking a single
dollar! No other business opportunity allows you to see if it
works before you spend money!Making a living as a forex trader
allows you to be truly free! No office, no workers, no inventory,
no marketing worries, no advertising, no selling. Learning the
right forex trading system allows the forex trader to trade by
just following simple rules. If A happens and B happens then do
C. This is called mechanical trading. It requires absolutely no
discretion, interpretation or thinking from the trader.In conclusion
, Learning forex trading provides all level of investors with a lot
of opportunities that many markets and industries do not provide
. The reason many people have not heard of this opportunity
until recently is that until not long ago trading currencies was
reserved to the big dogs (banks, institutions, companies etc).
Today with the help of the internet anyone can take advantage
of on-line currency trading that was once reserved to an exclusive group.

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