How To Start Trading The Forex Market? Part2

Start Trading The Forex Market Part 2 - Why is FOREX trading so popular? , because you can trade from anywhere. From your kitchen counter, bedroom, garage or from the nearest Starbucks coffee shop (most of them have wireless Internet connection).

How To Start Trading The Forex Market? Part2

If you have or like to travel, take your laptop with you and you can trade FOREX anywhere in the world where you have an Internet connection.

How To Start Trading The Forex Market? Part2

When you want to start trading on the Forex Market, nobody asks you for a diploma, formal license or proof of how many hours you have spent studying the Foreign Exchange Market and/or Banking Industry.

Economical FOREX Trading and Low Initial Fees!

You can open an account to trade Forex for as little as US$ 200 at most brokerage firms.

I personally recommend Fenix ​​Capital Management, LLC, which offers a state-of-the-art Trading platform, which allows you to place orders directly with the click of a chart.

The Main Benefits of Trading in the Spot FX Market are:

YOU pay no commissions or fees!

YOU can trade 24 hours a day!

YOU can trade up to 400:1 Leverage!

YOU can have Price quotes and live Streaming charts executable FREE!

It is important to know the difference between cash FOREX (SPOT FX) and currency futures.

In currency futures, the contract size is predetermined.

With FOREX (SPOT FX), you can trade electronically any amount you want, up to $10 Million USD.

The futures market closes at the end of the business day (similar to the stock market). If important data is released overseas while the US futures markets are closed, the next day's open could maintain a large gap with the potential for heavy losses if the direction of the move goes against your position.

The Spot FOREX market runs continuously for 24 hours from 7:00 am New Zealand time Monday morning to 17:00 New York Time Friday evening.

Dealers in each of the major FX trading centers (Sydney, Tokyo, Hong Kong/Singapore, London, Geneva and New York/Toronto) ensure smooth transactions as liquidity moves from one time zone to the next.

Furthermore, currency futures trade in non-USD currency amounts only, whereas in spot FOREX, investors can trade in almost any currency denomination, or in USD amounts quoted more conventionally.

Currency futures holes, even during Regular IMM (International Money Market) hours, experience sporadic breaks in liquidity and constant price gaps.

The FOREX spot market offers constant liquidity and a much more consistent market depth than Futures.

With IMM futures, a person is limited to the currency pairs he or she can trade. Most currency futures are only traded versus the USD.

With spot FOREX, you can trade foreign currencies vs. USD or vs. cross each other, for example: EUR/JPY, GBP/JPY, CHF/JPY, EUR/GBP and AUD/NZD

More and more knowledgeable investors and entrepreneurs are diversifying their traditional investments such as stocks, bonds & commodities with foreign currencies for the following reasons: (to be continued)

RISK WARNING:

Risks of currency trading: Trading currencies on margin is a very risky form of investment and is only suitable for individuals and institutions capable of dealing with the potential losses it entails. Accounts with brokers allow you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity). 

Funds in an account traded with maximum leverage can be lost completely if the positions held in the account experience a change in value of even one percent, given the possibility of losing one's entire investment. Speculation in the foreign exchange market should only be carried out with risky capital funds, which, if lost, would not significantly affect the financial well-being of investors.

That's How To Start Trading The Forex Market? Part2

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FOREX tradingtrade FOREXstart trading, forex market, exchange marketFX MarketFX trading

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