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why I trade Forex
by mr steve roberts
www.routeforex.com
Many people ask me why I trade Forex, Well I think like
most people when I was introduced to Trading I didn't know
about the Forex market. It was just natural to go looking
in the stock exchange for trades. However, I found my
trading was very limited, by the time I got home from work
in the evening all the action was over. I moved to Forex
mainly to take advantage of the 24-hour opening hours, I
would often be found at my computer in the middle of the
night waiting for the next bar to appear.
Unlike Futures, there are no trading exchanges as such.
Trading is being done from major banking establishments
around the world, With futures you are generally limited
to trading only for a few hours that they are open, if
major news breaks and the price starts going against you
when the market is closed, you could end up losing big
time while you are forced to wait for the market to open.
With Forex you will always have an opportunity to trade 24
hours per day 5 days a week. As the sun wakes up each
country on its journey it also wakes up the markets in New
York, London, Europe, Asia, Australia to name a few.
The Currencies of the world are traded against each other,
the most popular being the Euro the US and Australian
dollar, British Pound, Swiss Franc and the Japanese Yen.
Because of 24 hour trading, it is rare to see large gaps
in price like stocks have on the opening and you often see
prices in currencies trending more than stocks.
There are many advantages in trading Forex rather than
Stocks, expensive Data providers that you need with Stocks
is exchanged for free charting software offered by many
Forex brokers. With over $1.5trillion (that's 46 times
bigger than all the future markets put together!) being
traded in a single day you are always sure of a trade,
With Low transaction costs, no commissions or exchange
fees is it no wonder more and more traders are turning to
Forex.
Beware though, even with all these advantages trading is a
high risk game and should only ever be trading with money
you can afford to lose. With a good Trading Strategy and
Money Management in place there is no reason not to join
many Traders profiting from trading the Forex markets
For a comprehensive view into Forex Trading and a Free
trade your way to freedom e-report visit
http://www.routeforex.com
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