Are You New to Forex Trading?
Forex is traded much like any other financial instrument, using a combination of fundamental and technical analysis.
If you'd like to learn how to become a successful forex trader, consider a professional forex training course. FOREX.com is pleased to offer multiple forex training options that teach investors how to:
* Understand the logic behind Forex trading
* Recognize market trends
* Develop a forex trading plan
* Utilize tools to help you manage risk
* React to major economic events impacting global currencies
The Benefits of Forex Trading
No Short Selling Restrictions
Forex trading always involves buying one currency and selling another, so traders can easily trade in a rising or falling market. There is no Zero Uptick rule or any other restriction against shorting a currency.
At $3.2 Trillion Per Day, Forex is the Most Traded Market in the World
The sheer volume of Forex helps to facilitates price stability in most market conditions. What's more, almost 85% of all currency transactions involve the 7 major currency pairs.
Trade on Your Schedule; Respond to Changes in the Market
Forex is a true 24-hour market, open continuously from 5:00pm ET on Sunday to 5:00 pm on Friday. With three distinct trading sessions in the US, Europe and Asia, you can trade on your own schedule and respond to breaking news.
Keep 100% of Your Trading Profits
FOREX.com charges no commissions or transaction fees, while still offering free access to real-time quotes, news, charts, research, and more. The cost of trading is built into the bid/ask spread. Also, dealing spreads as low as 3 pips (.0003) are available in currency trading. Even at a penny ($.01), the bid/ask on a stock trade is 30x wider, in addition to the brokerage commission.
Up to 200:1 Leverage
With more buying power, you can increase your total return on investment with less cash outlay. Of course, increasing leverage increases risk. With $1,000 cash in a margin account that allows 200:1 leverage (.5%), you can trade up to $200,000 in notional value.
Wednesday, October 31, 2007
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