RusefTrader Posted April 3, 2017 Share Posted April 3, 2017 If you have read our previous article, then you will already be familiar with some of the principles we talked about such as the fact that Forex is indeed the very largest financial industry in the world, so huge in fact that is 3 times as larger as both the Stock and Futures market combined. In today's article, we will go over some of the tangible advantages that Forex represents in terms of potential and above all accessibility. Accessibility is indeed a driving force particularly of beginners or traders with limited start up funds. Indeed in this article, we will show how it is possible to become a Forex trader with as little as $250. In later articles, we will also introduce the notion of leverage and how with a limited startup deposit, you can multiply your earning potential by a factor of 200. (Meaning that if you had $500 available as a deposit you would, through leverage be able to buy and sell $10,000 worth of currency! But we will leave this for later.) Today we will answer the questions that is most asked: Why Should You even Want to Trade Foreign currencies? The answer to that question, I must confess is one of the reason why I talk so much about Forex, and indeed, why so many traders are currently well established in terms of financial stability and more. Yes. The answer lies in the simple fact that no other industry allows even complete newbies with very little money to invest to get into a position where they too can achieve their financial goals, which ever they might be! If you have ever walked through the streets of a city stock exchange district, one thing about all will have caught your attention! The display of power and money! Far from me the idea to lure anyone with promises of riches, fancy Italian sports car or even chauffeur driven Rolls Royce's but the truth is, if there is one market which makes it possible to have such toys, it is indeed the financial market! And the Foreign Exchange Market is even larger than that! How much larger? Well, if you take the Stock and Futures markets, combine them together, take the result and multiply it by THREE, then you will have some idea of how larger Forex is! Here are some reasons why you should consider Forex as a means to achieve your own financial goals: • No government fees • No clearing fees • No commissions • No brokerage fees • No exchange fees There are of course many other reasons and we will cover those in a different article such as Leverage, Free Accounts, Lots sizes and many more. Forex Trading is an enormously profitable business, which as we have seen before doesn't require a great deal of start-up deposits (the money you need to have available in order to start buying and selling). Indeed, if this was like any other money market, chances are that most Forex traders who are successful in this industry might never been able to start! Quote Link to comment Share on other sites More sharing options...
gds221 Posted October 10, 2020 Share Posted October 10, 2020 In general, in this case, courses are not even the best option. When I first started working with broker Amarkets, I tried both courses and demo mode, and so on. But the most reliable option is to replenish the bill for your money. At once, the understanding of work becomes completely different. Quote Link to comment Share on other sites More sharing options...
Vaabum Posted November 14, 2021 Share Posted November 14, 2021 To be honest, courses may not always be useful for a trader. Quote Link to comment Share on other sites More sharing options...
Saimon Posted July 12 Share Posted July 12 As a newbie to forex trading, I have learned the importance of preparation firsthand. Initially, I suffered losses due to a lack of understanding of fundamental concepts such as points, leverage, and order types. To avoid such failures, I approached these resources more diligently, learn here. Their comprehensive broker reviews provide invaluable insight into the operations of legitimate forex brokers, allowing me to navigate the market with greater confidence and efficiency. Quote Link to comment Share on other sites More sharing options...
GooseWashington Posted August 6 Share Posted August 6 I find myself looking at forex education section at https://55brokers.com/ a lot lately. But generally, it seems to me that the more experience you have, the better you are. You can read every forex-related book out there but it won't give you anything if you aren't actually involved in trading. The best thing you can do is just use the money you can lose without any regret to gain this valuable experience. Quote Link to comment Share on other sites More sharing options...
milaniagreendevald Posted August 8 Share Posted August 8 In the event that the open trading position is very large, traders often exit trades during minor corrections in which they could have made a significant profit. This happens because fear prevails over reason. Finblog https://finblog.com/ has a lot of valuable information about this. Even if the market is moving in the right direction, using only a part of the capital in trading can ultimately be more profitable than if you invested all the capital. Quote Link to comment Share on other sites More sharing options...
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