Why do u prefer forex trading?
Investment market is huge. There r a number of options to choose from. We can choose to trade securities, commodities and futures etc. But forex is selected by majority of traders.
Why, as a trader, you prefer forex trading over other options? What advantages do you see?
Stick to your rules
I like it bcoz I can find a lot of help and resources. Signal services, EAs etc are mostly available for forex trading. It is highly volatile.
Originally posted by uniquetraderInvestment market is huge. There r a number of options to choose from. We can choose to trade securities, commodities and futures etc. But forex is selected by majority of traders.
Why, as a trader, you prefer forex trading over other options? What advantages do you see?
forex is the popular business and besides it , forex is easy simple to understand by all people in the world, they are familiar with forex because they can find the information with easy
Forex trading is preferred bcoz it is most convenient in many ways.
Liquidity, 24 hour market, very low or no commissions, limited risk.
Originally posted by SashaForex trading is preferred bcoz it is most convenient in many ways. Liquidity, 24 hour market, very low or no commissions, limited risk.
Actually there r other investments with these qualities. But no investment opportunity comes with all these qualities.
In my opinion "Liquidity" is the most important factor in ur list.
Originally posted by SashaForex trading is preferred bcoz it is most convenient in many ways.
Liquidity, 24 hour market, very low or no commissions, limited risk.
hmm right. How about binary options? They r also becoming popular. They have very high returns. They give back a percentage of money incase of loss. They r as easy to learn as forex.
Stick to your rules
Many binary option websites are heavily advertised especially on PTC sites. Return is high but risk is also high. We cannot limit our risk. Once we enter into a contract, we cannot end it manually. There is a specific time for every contract. High return comes with high risk. Forex trading is far better than binary options bcoz we can limit our risk.
I like forex because i can work at home, i can work everywhere and time what i want!
Originally posted by StarpomI like forex because i can work at home, i can work everywhere and time what i want!
Many investment opportunities have this quality. Actually it is a quality but we cannot say that it is an advantage of forex over other competitive investment opportunities.
Stick to your rules
I prefer it cos nothing like being ur own boss, providing u know what u are doing
Originally posted by MainTraderI prefer it cos nothing like being ur own boss, providing u know what u are doing
:D. This is a dream. In any investment opportunity, u r ur own boss. It is not just in forex.