Why Invest in Forex Trading?

The foreign exchange (Forex) market is the largest financial market in the world, generating an average daily turnover of $1.9 trillion, a figure almost 30 times greater than the total volume of stock trading in the United States!

This is a market that has created a lot of excitement and opportunity. Forex trading is done in pairs, with the trader basically buying and selling currencies at the same time. The trades are conducted 24/7 and are not centered in one place. When a market closes, another location opens.

Forex has created the perfect work-at-home opportunity where you can trade either daily or hourly or even every minute (depending on your risk appetite and flexibility). However, statistics say that about 7 out of 10 traders in the market lose more than they win. I was definitely one of the 7 a few years ago, mostly because I saw it as a get-rich-quick scheme. The secret of success in this business is simply that it must be treated like a business. You must be dedicated, persistent, patient, and willing to learn and apply the knowledge you acquire.

If you are new to Forex trading, the best place to start is by learning the basics like (but not limited to): What is a pip? what is a lot What types of charts are there? When to act? Once you learn the basics, open a free demo account and apply and retest strategies. The demo account is similar to trading in a real environment minus the risk of losing real money and there are not many emotions as you have no risk.

Once you reach a point where 15 out of 20 consecutive trades are profitable, you are ready to start trading with real money. Start small and grow your capital over time.

Forex trading is really an exciting business. Believe me, nothing beats that first feeling when you wake up and see you made a profit overnight.

I promise you, if you bring your motivation, dedication and willingness to learn to this business, your chances of becoming an electricity trader will improve significantly.