Business & Finance Business Information

Why Not Make Forex Trading Your Home Business?

Forex trading is $3 trillion dollars industry.
It is 10 times larger than any biggest stock exchange in the world.
There are no taxes in forex trading.
You can trade in forex with as low as an investment of $100.
It can be done from any part of the world provided you have a computer and access to internet.
Forex market is open 24 hours a day from 5pm EST on Sunday until 4pm EST Friday.
It has potential of making good money in one trade which can be more than what a bank can offer in a year.
In forex trading you are basically trading in economies of a currency.
For example if you are trading GBP/USD you are basically dealing with the economic movement in Great Britain and United States of America.
Lets say if USA's economy is moving in positive direction dollar would get stronger and your would find GBP/USD going down since GBP is the base currency and dollar is getting stronger comparatively.
So if you follow the economic movement properly, you can make good forex trading decision.
It is as simple as that.
You neither need to be an economist nor do some course in finance to trade in forex market.
You need to understand the basic fundamental of forex market i.
e.
what controls the movement in forex market.
If you have little knowledge and keep a track of economic movement of various countries you can be on your way to become successful forex trader.
Forex trading is simple and even a teenager can do it provided has some basic understanding.
So, why not an adult can do it? It can be done simultaneously with what you are doing now.
One good trade requires few minutes of time in a day.
Initially you need to spend time in understanding the basics of forex trading.
You need to trade in demo account, you need to understand the fundamentals such as how to choose a right forex broker, what are the different kind of currency pairs, what are the most volatile market hours, what is bid and ask, how to make best use of stop loss and take profit etc.
Accordingly have forex strategies.

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