The Advantage of FOREX Trading and Intra-day Trading
Here are the reasons why you have to trade FOREX Trading:
1) You are trading with currencies. Currencies will always be there whatever is the condition of the market.
2) You are trading one the largest platform. The volume of people trading FOREX is too big that's why you can expect changes in PIPS even in a matter of seconds and minutes.
3) You can trade and get profit even if the price goes up or the price goes down. When you think (the software gives the signal) that the price will go up, you just have to select BUY, then sell it in a higher price. It means that you are trading LONG. When you think that the price will go down, you just have to select SELL, then buy it in a lower price. It means that you are trading SHORT.
4) You can start trading anytime you want. In stock market, you will be needing to have larger capital to start trading. So, there will be a lot of risk if you are not a professional trader. With FOREX, there are market makers wherein you can open an account with free $5 (so you can start trading right away). Other market makers require $50, $250, or $500 as their minimum deposit. PLUS you can start trading demo till you get comfortable with the platform.
5) You can choose trading anytime of the day. FOREX market is open 24 hours every business days. Stock Market is open for a certain time only - which is too hard if you are employed because you time is taken by the employment. With FOREX, trade anytime you got free time. Also, you can choose the type of trading you want, whether you want to trade in seconds, 5 minutes, 15 minutes, 30 minutes, 1 hours... it will really depend on you. The volume of people trading in Forex is too big that's why you are allowed to trade in a short period of time. With stock market, you have to wait for a longer time, while futures and indexes are more risky but also volatile.
Here are the reasons why you have to try INTRA-DAY Trading:
1) Intra-day trading is so exciting. So, if you want to profit with excitement, Intra-day will suit you.
2) You are watching out for your positions. Investors will buy stocks then leave it there for weeks, months or years to profit. With FOREX and intra-day, you are not worried with the outside world. You don't need to know the news onto what will happen in the next few days or months. Why? Because you will trade within the day. Meaning, there are no sleepless nights because you got no open positions open the moment you sleep. Isn't it too comfortable?
3) You can start with your small amount of money, then get your profit within minutes or within a day.
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Posted by
Mindful Eyes
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FOREX Tips
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