If you have a $100,000 saving to embark on a business,
would you risk in a venture that trades in physical goods?
Forex trading offers unprecedented advantages and benefits.
If you are facing obstacles and limitations in your investments, you will find opportunities and freedom in Forex.
Why Forex? Here are the reasons:
Note: Forex trading involves substantial risk of loss and is not suitable for all investors.
It is also interesting to note that Singapore is the World's 4th Largest Forex Centre.
Forex trading is simple but not easy.
Forex is simpler when compared to other financial instruments because you
only need to master, manage and monitor a few major pairs of currencies that you are
interested to trade.
Do you think that you will stand a chance trading against the professionals in dealing rooms and their automated trading systems?
The secret to all trading is that prices will either trend or range. That's all to it. It is really that simple but clearly not that easy.
The 2 discrete properties of price require diametrically opposite mind-sets and money management techniques. Knowing when to apply each is what makes trading so difficult.
Fortunately, the FX market is uniquely suited to accommodate both styles, providing either trend or range traders with opportunities for profit.
The basic mind-set of the trend trader is "I am right or I am out".
The rule of thumb is that trader should never risk
more than 2 to 3 percent of their capital on any given trade.
For the beginners, your trading capitals can be substantially reduced to a tenth or $1,000 for trading the mini lots (at $1 a pip) and to a hundredth or $100 for trading the micro lots (at 10 cents a pip).
The FX market is not only the most liquid market in the world, it is also the most fluid since the market trades 24 hours per day 5 days a week, it eliminates much of the gap risk found in exchange based markets.
For the technically oriented trader, one of the great aspects of the FX market is that unlike the stock market, which contains thousands of equities, the FX markets trades only 4 major pairs and 3 commodity pairs of currencies.
Trading the major pairs:
GBP/USD: Because the UK economy is approximately one-tenth the size of those of the US and EU, liquidity in the pound can be a problem. That's why the GBP/USD will often move several hundred points per day as traders scramble to either cover or establish positions.
USD/CHF: The Swiss franc takes its place among the four majors because of Switzerland's famed neutrality, fiscal prudence, and long history of safety. At one time, the Swissie was physically backed by gold. In time of geopolitical turmoil, or economic recessions, traders flocked to the Swiss franc as a liquid safe haven for assets.
EUR/USD: The largest major pair and the most liquid financial instrument in the world is the EUR/USD. This pair turns over almost $1 trillion per day in volume as trading proceeds from Tokyo to London to New York.
The reason why the casinos are always profitable in the long run is because
the house has the edge and the consistency over the players in the pay outs of
Unlike most Casino games of chance where past events have no influence on future outcomes, the Forex market is fairly predictable based on the study of trends and price patterns.
Fortunately, technologies that were once available only to
organizations who can afford them are now freely available.
The keys to trading profitably in Forex is to trade consistently with a profitable strategies that include money management.
I hope my short video on How to profit from the Forex market in both ranging and trending market conditions would also help to convince you to trade smart and not hard, if you can make use of EAs or Expert Advisors to automate your profitable trading.
Come trade with me:
As a profitable trader and developer of MT4 EAs, I will be
share with my traders and Affiliates, my trading knowledge.
This is a win-win proposition because if you are profitable with your trading, I too will gain from the increasing trade volume as an Fxprimus Introducing Broker.
YES to Foreign Currency Trading?
If you are convinced that the Forex market is where you want to trade, then the next thing you want to do is to decide on a broker who is committed to protect your interests.
Hence, the 2 key considerations for choosing your brokers:
Find out Why FXPRIMUS is my choice for broker?