Why do people like forex trading?
Vs. just trading the stock market?
Is it that day trading is illegal in some countries?
Is it because it requires less money?
Is it because it takes less money?
Point taken and understood.
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Tagged with: day • day trading • Forex Questions • market • money • money point • stock • stock market
Filed under: Trading Forex
Good evening Judy,
I have to agree with the other answerer about Forex and spam, but as you are a top contributor, I’m going to assume that you are genuine
One of the greatest draws of FX trading stems from the volatility of the movement in currencies. The price of currency pairs can shift significantly over relatively short timeframes, leading to the potential for the realisation of significant profits. Bear in mind though that these movements can equally produce considerable losses. If you’re planning on starting to trade the FX market, you should bear this in mind.
One of the other appeals stemming from your points above, is leverage (also known in the US as margin I believe). This allows you to open a position in the market which far exceeds the value of the funds available to you. Again, this creates an opportunity to make considerable profits, but also considerable losses.
The best advice I can give you is to conduct as much research as possible into the market before actively looking to trade it. I hope that the above is useful, Judy.
Yours sincerely,
Christopher Kelly
I’m convinced that a large percentage of questions about Forex Trading on YA! are disguised spam.
it is simple and earn money so people like forest forex trading
First poster may well be correct. I’ve never considered that. At work, we talk about our 401k plan, our mutual funds, and even occasionally our ESP – employee stock purchase plan.
Never once, have we ever discussed forex.