Open account forex : The Forex market is the best business where dreams are made or broken; it is the place where traders are struggling against each other by buying and selling currencies with the intention of making a profit. The currency market offers more opportunity to make money when you are having a big corporate or just an ordinary individual like you and me.
It is better to trade Forex as appose to oil, gold, stocks, etc. Some of the reasons are given below.
1. Small minimum deposit is suggested by most brokers for depositing as little as $25 to open a new account.
2. The Forex market is always awake, as it is a global market stretched over many time zones the Forex market stays open 24 hours a day, 5 days a week. So no limits are there to do trading.
3. The money is liquid, when you are trading currency you dont need to wait until you can cash out, like with stocks where you have to wait for the stocks to convert to cash before you can cash them in.
4. The size of the Forex market is massive; it is 30 times larger than the United States equities market, so the market is almost 100% liquid. This markets it more desirable for all to invest in.
5. The market always has direction when one currency goes up, then the other will go down. This is a desirable feature that there is often a predictable trend.
6. Commissions, exchange fees or hidden charges may be the least. FX brokers make a profit on the spread, i.e. the difference in the buy and sell price of the currency and most reputable brokers are highly regulated.
7. Profits can be made when the currency starts to fall, this is called a sell trade and you can make substantial gains when selling the currency if you have proper signals.
8. The transparency on the Forex market is very important. Unlike equity markets, the analysts possibly have an unfair advantage over the man on the street because of the certain insider knowledge. Currency markets are very efficient with news feeds and most traders know the condition of the stage.
9. The speed of the FX market is impressive and it takes little under a second to complete a transaction, and also it is done online.
10. The good news for starting a trading in by any form of formal education, degree or qualification to qualify to trade. Know the functions, devise smart trading strategies and great techniques and you can be on your way to earning large sums of money trading Forex.
For more details about http://www.systemforex.com/trader/contest/
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