Wednesday, April 27, 2011

Why do we have to start Forex

Forex Money
Many people ask why I was trading Forex, Well, I think like most people when I am trading, I didn't know about the forex market introduced. It was only natural to look at the stock exchange for trades. However, I found my trading was very limited, by the time I got home from work the evening the action was over. I forex moves take place mainly with the advantages of the 24-hour opening times, I would often be waiting at my computer in the middle of the night to the next bar appear to be found.
Unlike futures, there are no exchanges as such. Trading is done by the major banking institutions in the world, with futures you are usually limited to trading only for a few hours that they are open when important news begins breaks and the price against you when the market is closed, exit could lose big time as you are forced to wait for the open market. With Forex, you always have the option, 24 hours a day 5 days a week trading. As the sun wakes up each country on its journey, the markets wake up in New York, London, Europe, Asia, Australia, to name a few.
The currencies of the world against each other wrote down the most popular of the euro, the U.S. and Australian pound, British pound, Swiss franc and Japanese yen. Because of 24 hour trading, it is rare to see large gaps in price as shares on the open and you often have prices in currencies trending more than shares.
There are many advantages in Forex trading instead of shares, expensive data providers that you need, with stocks charting software is free of many Forex brokers offer exchanged. With over 1.5trillion (thats 46 times larger than all future markets together!) Traded in a single day, you are always a trade with low transaction costs, no commissions or exchange fees it is no wonder more and more retailers are turning Forex.
Note, however, despite all these advantages trading with a game high risk and should only be trading with money you can lose. there with a good trading strategy and money management in place there is no reason not to join many merchants benefit from trading in foreign exchange markets