What Makes Forex Trading Most Lucrative

What Makes Forex Trading Most Lucrative

Submitted by adil on Thu, 04/25/2013 - 07:04

Many online businesses claim a lot of profits and benefits. Forex seems the most exciting online business. The question arises what makes Forex most exciting and lucrative. Well here are some factors which make it the most popular.

24 Hours Market:

Forex has the biggest advantage of remaining open 24 hours a day and 5 days a week. There is no time limit to trade in Forex. It’s over the counter (OTC).� Stock or commodity markets are also very popular in online business but they do not serve the clients with 24 hour accessibility.

Open Market:

Forex is an open market i-e every one can trade. There is no restriction in trading Forex. Many online businesses need a firm or office to take part in that business, Forex is different. For Forex, you just need a computer and a reliable internet connection.

Money Requirement:

One big advantage of Forex is that you can start as little as $10. There is no big requirement to start Forex.

Brokers Option:

Forex offers a great number of regulated brokers at your service. The good thing is Forex trading is free of any commissions. The money you make in Forex is all yours. Some brokers offers free bonus money to start trading. Some platforms who work close with brokers also offers you free money to start trading.

The bonus money can be $10 to $100 or even more (depending on the brokers and terms and conditions).

Leverage option:

Forex offers leverage option which is an exciting feature. In this feature you can control bigger market positions with little money. 1:10 0r 1:100 are the common ratios of leverage or margin trading in Forex.

Make Money Either Way:

In stock markets, the traders wait for prices to rise so that they can make profits. In Forex, the conditions are different. You can make profits either way i-e during uptrend and downtrends.

No Experience Needed:

Anyone can trade Forex. It is true you need a lot of skills to make money in Forex, but the advancement in technology has made things easier. The programs like eToro CopyTrader has made things easier for those who are not aware of�Forex trading�world. All they need to know is an experienced trader and click the follow button. The make money with each profit the copied trader is making.

To summarize things, Forex is open for everyone, Forex individuals, for companies, for banks, for new people, for gurus, for everyone. All you need is willingness to trade Forex.