Forget all the lengthy explanations. Here are 5 reasons why I choose to trade Forex!
1) Forex has a daily turnover of more than 2.5 trillion US$ and it's still growing.
2) Everyone on earth today can immediately start trading Forex online, from any computer, anytime, using their credit cards.
3) Trading occurs around the clock over the telephone and on computer terminals at thousands of locations worldwide.
4) The FOREX market is so large, and is hosting so many participants, that no single player, governments included, can directly control or make any significant influence over the direction of the market.
5) An example: a FOREX DAY-TRADING deal has been made, for buying EUR100,000 against USD, on an exchange rate of 1.3500. The MARGIN required for this deal (offered by the FOREX Trading Platform) is of a ratio of around 1:100. Accordingly, the trader invests only USD100. After a few hours, the exchange rate went up to 1.3620. This is an increase of 0.89%, quite normal for the global Forex market. However, thanks to the MARGIN ratio, the trader's investment went up by 89% (since a leverage of 1:100 has been used)!! Remember: that happened in less than a day!
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