Forex Currency Trading The best place to invest your savings
For a new investor it is very difficult to decide that where to invest his money. There are many options like real estate, stock market, Future and options, mutual funds, gold and Forex market. A new investor should know the advantages and disadvantages of each sector before investing his hard earned money. He should also compare the growth of money and risk involved in different sectors.
The purpose of showing this Image is that Most of us have different perception about Money. And lot of you have not studied enough before investing into the right investment tool. So while investing these folks get trapped into the sells speech or their Greed and fear control their action rather than their Brain. If we invest money like this our situation is same as the Girl on the high wire, you have taken maximum risk . So please please and please take out some time learn your self before investing to any investment tool.
In stock market there are thousands of stocks and investors should have proper knowledge about the growth of the company and its future plans before investing money in that particular stock but it is not so easy. It is also not easy to watch thousands of stocks properly. Due to lack of knowledge, sometimes investors buy penny stocks and sometimes it becomes difficult to sell these penny stocks due to lower circuit. Besides this you have to pay brokerage to the brokers for buying and selling stocks. In stock market there are chances of gaining hardly 10% to 20% profit/yearly.
One of the principal reason why so many fail to what they want is because they not definately know what they want? or because they change their wants every day.
Know what you want and to want it. You will get it if you combine Desires with Faith.
The power of Desires when combines with Faith becomes invincible
In currency trading there are only about 30 currency pairs (Maily Traded) out of which only four currency pairs are most popular so keeping an eye on four currency pairs is not a difficult task. In currency exchange, a trader can make money either he is long or short because Forex trading involves buying one currency and selling other currency. An investor has equal chances of making money whether the market is rising or falling.
There is no centralized exchange for Forex trading and due to fierce competition dealers charge nominal fees for trading or you can say that trading cost is very low. Foreign exchange market remains open for 24 hours and hence you are free to make your own trading schedule. Stock market remains open only for eight hours from Monday to Friday. An investor can make huge profits by investing small amount in currency trading due to high leverage.
Many investors are not aware of the Forex market. Investors can take the help of software and currency trading tools for currency trading. An investor should study and follow many tested strategies. Software like Bollinger Bands, Standard error bands are very helpful and new traders can easily take decision with their help.
Foreign exchange market is much simpler than stock market and needs a self education. One should be careful and should have proper knowledge about popular currency pairs.
Currency trading scams are very popular these days. Mostly the new traders become the target of these scammers. Scammers are successful in doing scams because currency trading is not regulated. Even some brokers are also engaged in these scams. Forex trading is not a magic which will transform your pennies into millions of dollars. Before entering into this vast financial market, it is better to know everything about this market otherwise you will lose everything instead of gaining from online trading.
Currency Trading As a Career/ Business Option
- All those who have decided OR
- Want to change their living, Want to be financially free using Currency Trading Concept.
- Please join free here below.