When it comes to trading in just about any market, Foreign exchange trading has a huge advantage over other types of trading. Firstly, the forex market gives you the advantage of time freedom. In the foreign exchange market one can trade around the clock from Monday through Friday. In the stock market that is simply not possible since the market closes at 4 pm Eastern Standard time. 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 currencies can become an excellent second job for you. If you need some money to get started you can get cash to your bank in about 15 minutes from www.wonga.com. However, borrowing short term funds could cost you more than what you would make trading with them so I would not recommend that as your first option.
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 vast amount of money they must fork over to their brokers which go towards clearing, exchange and government fees. In the foreign exchange 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 so amazing to be able to participate in this market right now. You can do so from the comfort of your very 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. I will show you how to turn this 300 dollars into some serious money in no time at all. This should be a lot easier to do given the advantages that you know the forex market has over its competitors.
The FX 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. What is stopping you from getting on the road to financial freedom? You can start now. You do not have to wait. You have already begun the journey by choosing to educate yourself on the pros of the Forex market.
I personally love the fact that you can trade whenever you want to with the Forex. You see, in the stock trading world you are flagged 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 FX. 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.
I want you to think about money for a moment. Who uses it? The whole world does in some form or another. Another advantage that the forex market has is that there will always be a need for money. You are simply trading one currency for another in the currency market as the 4x is commonly reffered to. The Forex market is not going anywhere. It is here to stay. The only question is then who will be a part of it? We need money to buy the things we use everyday and so do those who live in the other parts of this world.
Another advantage that 4x 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 and this can hold equally true in the stock market. A stock trader also must grapple with the time issue doing research on all those potential stocks presents. It is also much easier to become familiar with four things as opposed to 4,000 things. Focus is the name of the game and 4x trading makes it much easier to do so.
The ball is now in your court. Will you take it and make the decision to win with currency trading? forex is indeed the winner’s game and those who win consistently know how to play it well.