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| Forex Brokers, Articles, Accounts & Releted Topics Discuss Forex brokers, articles, accounts, hours and other releted topics on the worlds largest trading exchange. |
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07-10-2009, 10:44 AM
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Jedi Initiate
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Join Date: Jun 2009
Posts: 12
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Why Choose Forex ?
Forex Trading is a different from other online business. Here are some advantages of the Forex trading :
* No commissions- Government is charging no fees in only forex trading, there are No brokerage commission, No exchange fees. The costs of low transactions are nothing between bid and ask price.
* No middlemen- There are not any investors in the forex market, that take a percentage of the investment or profit, you can make transactions with directly the agent.
* You can choose the size of your investment. The Forex trading lot is dynamic, and is set according to your preference. This lot can vary between large lots worth $10,000 to mini lots worth $25.
* High liquidity. In the Forex trading market you can buy and sell your currency at any time and place, regardless of the currency position, when the trade itself is done almost instantaneously.
* Trading in the margin. Forex trading consists of margin investments that increase your chances for higher profits by increasing your money's worth.
* Opened 24 hours a day. Because it's worldwide and operates in several time zones, the Forex trading market is the only market that you can trade in 24 hours a day.
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07-12-2009, 08:29 AM
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Administrator
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Join Date: Jun 2007
Posts: 12,733
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Re: Why Choose Forex ?
Quote:
Originally Posted by Anne09
Forex Trading is a different from other online business. Here are some advantages of the Forex trading :
* No commissions- Government is charging no fees in only forex trading, there are No brokerage commission, No exchange fees. The costs of low transactions are nothing between bid and ask price.
* No middlemen- There are not any investors in the forex market, that take a percentage of the investment or profit, you can make transactions with directly the agent.
* You can choose the size of your investment. The Forex trading lot is dynamic, and is set according to your preference. This lot can vary between large lots worth $10,000 to mini lots worth $25.
* High liquidity. In the Forex trading market you can buy and sell your currency at any time and place, regardless of the currency position, when the trade itself is done almost instantaneously.
* Trading in the margin. Forex trading consists of margin investments that increase your chances for higher profits by increasing your money's worth.
* Opened 24 hours a day. Because it's worldwide and operates in several time zones, the Forex trading market is the only market that you can trade in 24 hours a day.
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And most notable you can also lose it all. I advise to know what you are doing or follow someone that does. Use a pratice account first.
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08-06-2009, 11:23 PM
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Jedi Initiate
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Join Date: Nov 2008
Posts: 5
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Re: Why Choose Forex ?
One more advice. Never invest more than you can afford to lose.
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02-26-2010, 04:54 AM
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Jedi Initiate
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Join Date: Feb 2010
Posts: 15
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Re: Why Choose Forex ?
It is my experence that the most important element in successfully trading in the Forex marketplace is to get to know your own inner emotions. You can best accomplish this through trading demo accounts and not using any of your own money until you understand your own tolerance to risk and experience the personal emotions involved when the market turns against you.
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03-09-2010, 02:30 PM
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Jedi Initiate
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Join Date: Dec 2009
Posts: 11
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Re: Why Choose Forex ?
The Forex market is an exciting and energetic place to trade which can be quite lucrative if you are prepared to be disciplined or if you are extremely lucky.
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