QUOTE(Debbie Johnson @ Oct 30 2012, 10:19 AM)
Forex investing gets popular daily. Number of forex investors is increasing exponentially every year. I will explain you the reasons behind its popularity.
Profit: Well, first reason is obviously profit. Profit may be the major reason behind any kind of investment. Forex trading gives the returns which you'll never get in simple investments, saving accounts, fixed deposits, marketing, share markets, stocks, real estates along with other types of investment.
Invest around you want: There is no restriction concerning the quantity of investment in forex. You can invest as much as you want. You may also start forex trading with very small energy production. Well the small investment won't give you much profit but nonetheless this selection is extremely helpful to new forex investors. You can start your forex account even with 30 US dollar initial investment. There is no maximum limit.
Operate Round-the-clock: There is no starting or closing time of a currency markets. You can purchase forex whenever you want. It operates Twenty four hours.
Accessibility: You can do all of the forex transactions online. There is no need to travel location to location. You just need a laptop and and fast web connection to operate. All of the software used in forex trading are extremely easy to use. Even a novice user can operate them easily. You don't have associated with a special training to complete transactions efficiently.
Narrow choices: Most of the forex trading revolve around eight currencies namely Australian dollar, US dollar, Nz dollar, Japanese Yen, Swiss Franc, Canadian dollar, British pound and euro. So, there's very narrow choice spectrum unlike share market. This decrease confusion and facilitates the decision making process.
Fluidity: It's a gigantic market. Daily turnover of currency markets is about 4 trillion dollar. Huge amount of transaction happens daily. Hence you won't ever face a condition when no one is interested in selling or buying a particular currency. Currency continues flowing.
Leverage: Most of the forex brokers provide you with choice of Leverage. I'll explain the meaning of Leverage for readers who're new to forex investing. Leverage is a facility provided by forex brokers through which you can trade on borrowed capital. When the leverage is 1:200 it means, broker will invest 200 times the investment made by you. This way you can make good profits with small investment. But Leverage increases risk too, hence it should be used tactically.
hello, Many thanks with regard to publishing a pleasant post. Foreign exchange trading will get well-liked every day. Quantity of foreign exchange traders is actually growing tremendously each year. I'm an effective investor associated with forex-metal as well as more recently lots of investors industry as well as earn the actual generating within right here.