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Thursday, November 8, 2007

7 reasons to forex trade

Here are 7 reasons to forex trade:

  1. First of all the market never close it's open around the clock 24/7 worldwide. You can enter the world of forex trading anytime of the day and from anywhere in the world. So whenever you have free time you can do forex trading.
  2. Leverage is a great thing in forex trading. Standard $100 000 currency lots can be traded with as little as $1000. This is mainly because of the ease with which you can buy and sell, some forex brokers will leverage up to 200 times, so with $100 you can control a 200 000 unit currency position.
  3. Accurately predict the outcomes. The reasons being is that currency prices normally repeat there selfs over a period of time. With the right forex trading software you can accurately predict the outcomes in forex trading.
  4. Transaction cost is low. What i'm saying is your lost won't be so much forex brokers won't charge commissions to trade or maintain an account even if you have a mini account and trade small volumes.
  5. Best of all the earning Potential is Unlimited in forex trading. Since the forex trading volume is close to 1.5 trillion that's the largest financial market in the world.
  6. Best thing you can make money in any type of market conditions. ach market is one currency against another, so when you buy in one, you're selling in another so there's no biase towards either currency moving up or down.
  7. Transparency in the forex market this is a great advantage in most business and forex trading. It means you can manage risk and execute orders within seconds. It's highly efficient and allows you to avoid unexpected 'surprises'.

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