what is benefit in invest in FOREX ? do you recommned it ?
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This entry was posted on Saturday, June 21st, 2008 at 5:45 am and is filed under forex trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
June 21st, 2008 at 5:45 am
Benefit?Most trade forex for speculation.
benefits come if you use it to hedge against currency exposure if you are in US and want to trade with Europe for example.
Do not recommend it if it does not suit your experience and style and education.Very risky due to high leverage.
June 21st, 2008 at 5:45 am
The beneit os making money, like any other kind of trading, plus th opportunity to make extra interest on rllover differentials.
It's not for everyone because it take more monitoring than stocks. You have to do your homework.
June 21st, 2008 at 5:45 am
Focus more on fundamentals than technical analysis. Economic news analysis is what moves the markets.
Here is a free site that shows what has happened after economic news releases:
http://www.forexnewspatterns.com
June 21st, 2008 at 5:45 am
The benefit is of course to make money anywhere in the world. You could trade online at home.
Have many friends who do that and they are serious about it. But don't take forex as a get rich formula. You still need sound risk management to survive.
June 21st, 2008 at 5:45 am
Cant say benefits……. but definitely a great challenge and rewarding market. Forex is like a roller coaster ride. I enjoy it thoroughly. it a big risk and reward game. I usually play safe by nullify my risk through diversifying by portfolio and trading through news.
Some of the currencies are worth taking risk and usually profitable in intra-day like EUR/USD, USD/JPY, GPB/USD, EUR/GBP if we trade using news.
But there are certain currencies which are very volatile and risky if we trade inta-day so i usually use hedging techniques there.
My answer to your question would be its worth taking risk if you understand the market well as it is highly rewarding place for intelligent traders.
June 21st, 2008 at 5:45 am
Forex Benefits:
24 hours a day market
Forex market is the biggest financial market in the world
Free trading platforms
The leverage on Forex can be as high as 200:1 which means that you can trade up to $100K with just $500.
Do I recommend it? Well, if you take the time to learn how it works you can make good money at it so I recommend it.
You can start learning by visiting free websites like http://www.forextopten.com/forex-articles.html or http://www.freeforexebook.org/
June 21st, 2008 at 5:45 am
I recommend it as long as you research it before you go into it. Find reviews about brokers and specific trading strategies and always play around with a fake-money account to get a feel for it. I found this review of some software that apparently received rave reviews so that might help…
http://forex-killerpipsreview.blogspot.com/2008/02/forex-killer-review.html
Good luck!