Forex trading is exciting There are many many advantages over the various otherways of investing. First of all it is a 24 hr market,except for weekends of course. You have the US market thenthe European and then the Asian. One of the great times totrade is during the over lapping periods. The USA andEuropean overlap between 5am & 9am eastern and the Euro &Asian between 11pm & 1am eastern. Usually the busiest timeand best to trade.
The is also the risk factor for the accounts. Withfutures and options you can get margin calls that can wipeyou out. If you get caught in a bad trade not only do youlose the money in the account but you may have to come upwith a lot more from your pocket. It can be very risking.But not in Forex. Worst case scenario you could lose whatsin you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day andleave it alone. If market takes a bad move and you weren’tthere. OOOPS. But That wouldn’t happen with a smarttrader.
Then there are the demo accounts which is an accountwhere you can trade using all the right things,platform, charts, and information. But you are using playmoney, or what we call paper trading too.
Plus with Forex you have a mini account. Instead ofneeding thousands of dollars to get into it. You can openan account with as little as $300.00. Now of course youwill be trading at 1 tenth of a trade. IN other words youcontroling 10,000 instead of 100,000.00 These are calllots. Which also means you will only risk 1 tenth too!
So if you would love to learn to do investing and nothave near the risk you really need to take a closer look atForex trading.
Mike Pachuta
Forex trading is exciting
Forex trading is exciting There are many many advantages over the various otherways of investing. First of all it is a 24 hr market,except for weekends of course. You have the US market thenthe European and then the Asian. One of the great times totrade is during the over lapping periods. The USA andEuropean overlap between 5am & 9am eastern and the Euro &Asian between 11pm & 1am eastern. Usually the busiest timeand best to trade.
The is also the risk factor for the accounts. Withfutures and options you can get margin calls that can wipeyou out. If you get caught in a bad trade not only do youlose the money in the account but you may have to come upwith a lot more from your pocket. It can be very risking.But not in Forex. Worst case scenario you could lose whatsin you account. But you would have to do something really stupid. Like making a big trade on a Fundamental day andleave it alone. If market takes a bad move and you weren’tthere. OOOPS. But That wouldn’t happen with a smarttrader.
Then there are the demo accounts which is an accountwhere you can trade using all the right things,platform, charts, and information. But you are using playmoney, or what we call paper trading too.
Plus with Forex you have a mini account. Instead ofneeding thousands of dollars to get into it. You can openan account with as little as $300.00. Now of course youwill be trading at 1 tenth of a trade. IN other words youcontroling 10,000 instead of 100,000.00 These are calllots. Which also means you will only risk 1 tenth too!
So if you would love to learn to do investing and nothave near the risk you really need to take a closer look atForex trading.
Mike Pachuta
Forex trading is exciting