If you are new to Forex trading, but not to stock investing, then this guide should help you to get a feel for the differences between trading on the foreign exchange market versus trading on the traditional Stock market.
If you are new to investing in general, then this guide can open your eyes to a world you never knew existed, while not overwhelming you with too much complicated financial jargon.
There are a lot factors unique to the Forex market which make it a very exciting, fast-paced alternative to traditional investing:
· The market runs 24 hours a day from late Sunday to late Friday.
· The market is affected by world events and news more so than others
· There are no commissions to be paid out on your trades
· Extremely high-liquidity
· 100:1 Leverage (move $100,000 in currency using only $1,000 of your own money!)
These factors alone make Forex a fun and intellectually stimulating challenge. If you love to watch the news, keep up with politics and piece together all of the ways that the 'powers that be' influence the global economy, then you will really love the foreign exchange market.
In order to be a good trader, you must learn to see how events in one part of the world create ripples that affect the economies of nations all the way on the other side. It is truly a study in the interrelatedness of us all.
My hope is that you will be truly excited about Forex after reading this report, and come away with enough knowledge and confidence to pursue additional education on the subject if you so choose.
