Top 7 Cool Reasons Why You Should Trad The Forex Currencies Market

Where do you go to trade money? How about the largest money market in the world, the Foreign Exchange currencies, also known as FOREX currencies. With a daily volume of $1.5 trillion US dollars, it eclipses the American stock markets exchange ($100 billion daily) by 15 times. Here are the top 7 cool reasons why you should not sleep tonight and start thinking about trading (and making) some serious money in the… well, money market.

1. Instant and hugh leverage
Where else can you find an investment vehicle that allows you to leverage your money massively? If you have $1000 and you drive down to your local stock brokerage and would like to open an account, he’ll allow you to “borrow” another $1000. So you can control up to $2,000, or 2:1 leverage. In real estate the leverage can be 10:1. A $100,000 home can be purchased with only $10,000 (10% down payment). However, FOREX provides the greatest leverage. With the same initial investment of $1,000, most FOREX brokerages will allow you to control $100,000 worth of currency. That’s 100:1 leverage! This is HUGH! This allowance is a major boost to the small investor. Imagine having $100,000 and being able to control $10 million! Did I mention HUGH!

2. High liquidity and no, I’m not talking about beverages!
Relax, there’s a buyer waiting to buy what you’ve got. Need to buy? Someone’s available to sell. There is always movement with the FOREX market. With such a massively high volume on daily exchanges, there is always a buyer or seller waiting in the wing.

3. Accessibility – Anywhere, Anytime
Well, almost anytime. Unlike the American stock market, which trades eight hours a day, five days a week, the FOREX market is open 24 hours a day, five days a week. Trades can be done via telephone or via the internet from your home or office.

4. No Whispering allowed in the FOREX market
It is true that the principle of supply and demand holds true for both the stock market and the FOREX market. However, the stock market has an inherent risk that is lacking in the FOREX market – insider information. A company news about massive infrastructure restructuring within might affect its stocks on a grand scale. Uncle Joe might know something about it and take necessary steps to secure his investments, while you’re out in the cold wondering what happened. The FOREX market is affected by national economic changes that cause the fluctuations in the FOREX market. Since news is easily assessable to everyone at the same time, there can’t be “insider information”. Don’t worry; you’ll at least get a blanket before you’re tossed out again!

5. No commission? No problemo!
If you’ve traded the stock market before, you’d know that you had to pay every time you bought or sold stocks. The same is true with real estate investment. When you wanna sell your property, you’d better fork out a chunk of money to pay your agent. When you buy a property, you might think that the seller pays your agent the commission. It’s not exactly true because when you buy it from an agent, you really purchase it at retail. So essentially the cost (commission) is footed by the buyer (you). It’s not the case with the FOREX market. You do not pay any commissions for any trade, regardless how big or small. Then how do brokers make money, you ask? Well, brokers earn their money by setting a ‘spread’ – the difference between what it can be bought at and what it can be sold at. You might even get lucky and not having to pay for spreads at all. FOREX OTC (over the counter) avoids exchange and clearing fees, which cuts transaction costs sufficiently. You deal directly with the market maker, thereby bypassing the middle man. What this means to you is NO COMMISSIONS, NO SPREADS! More money back in your pocket!

6. You don’t have to sell your home on eBay to get started.
To get started trading the FOREX market, all you need is a computer, a high speed internet connection, and some knowledge and tools. You’re set to go! No need for elaborate office setup. No overhead to spend. No inventories to look after. No need to fork out thousands of dollars to “own” a business, such is in the case of a franchise.

7. You can careless where the market is at.
Because you can make profit in both ends. FOREX has no restrictions on short selling. How cool is it that you can go long or short and know that the potential of getting income remains very high?

So the next time you’re at the beach with your wireless laptop on and have the urge to trade, go ahead and trade some Dollars for Euros. Who knows, with the right knowledge and tools at your disposal, you might make some serious money while having fun under the Sun.

Profitably Yours,

Alex Nguyen

Article Source: http://www.moneyarticlelibrary.com

For more information how you can obtain the knowledge and tools to become a master FOREX trader in simple steps, click www.simpleforexsecrets.com to claim your FREE report “Forex Freedom - Learn How to Turn $300 Into $30,000 and Make a Great Monthly Income in as Little as 6 months!”

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