i love forex
make your own money
Leverage
"Give me a lever long enough and a prop strong enough and I can single-handedly move the world." - Archimedes
With some brokers offering leverage as high as 300:1, your money goes much further. Of course this is a double edged sword because if you don't have enough money in your account and you don't use proper money management, you will get a margin call.
In order to make significant gains in any investment, there has to be some form of leverage. Leverage is when you to control a large amount of money with a very small amount of money. The catch is that you will be gaining/losing based on the large sum of money you are controlling.
It is like buying a house. Let's say you put down $10,000 to buy a $100,000 house. With that small amount of money, you are able to own an asset that is worth many times that amount. You are leveraged.
Now if the house's value goes up to $150,000, you make $50,000 on your $10,000. On the other hand, if the home's value goes down to $50,000, you can also lose that money if you choose to sell the house.
Forex provides some of the highest leverage multiples of any investment but it must be used wisely.
24 Hour Market
The foreign exchange market follows the sun around the world, 24 hours a day, 5 days a week. This gives a trader tremendous opportunities to trade regardless of where they live in the world.
Easy Access
Historical data and advanced charting is readily available, many times for free. No more outrageous subscription costs.
You can literally trade anywhere in the world with a computer and an internet connection. Talk about ultimate freedom!
Technical Analysis
In my opinion, because the currency market is so liquid, it lends itself very well to technical analysis. I like this because I find technical analysis easier to understand and less time consuming than fundamental analysis.
Great Fills
Unlike other markets where there can be a lot of slippage on trades, you usually get the price you see on the screen. The only time when slippage is a concern is during volitile news announcements, but those are easy to avoid.
