Why Trade Forex?
I have been asked for personal mentoring many times now and most times the person asking is looking to learn how to trade but unsure what to trade on.
Most people assume the stock market is the only place to go for trading and as this is the most common form of trading it makes sense to pursue this path. However, even though it is the most common does not mean it is necessary the best option.
Some of the reasons why we believe the forex market is far superior to stocks and shares are listed below.
- Forex is open 24 hours and 5.5 days
- Trade forex from anywhere in the world
- The biggest and most liquid market in the world
- Good leverage on forex unlike stocks
- Minimal transaction fees
- Forex has a handful of major markets to choose from and subsequently one does not have to search 1000's of stocks to find a trading opportunity
- Forex trends very well
If you learn to trade forex the correct way then you will have a skill for the rest of your life and that dream you may have once had of not having to answer to a boss during the hours of 9-5 is certainly that much more real.
One of my first students who now is a good friend of mine and now a Dynamic Trader use to catch turkeys for a living. Now both Barry (the ex turkey catcher) and his wife (started trading in Feb 2008) enjoy a life free of employment and spend the days trading forex and taking long walks along the hills of Scotland.
Every trader will need to go through a process of learning to trade consistently. Don't try and rush this procedure, it takes time, patience and dedication. If you are willing to commit to your learning process then you have a far better chance of being a successful trader than one that rushes in blindly and without knowledge.
Good dynamic trading.