Tutorial: Basic Forex Trading Guide

Intro: Why Forex Trading? If you are reading this guide, you have most likely taken some sort of interest in the Forex market, forex broker. But what does the Forex market have to offer you Accessibility – It’s no wonder that the Forex market has the Forex Trading volume of 3 trillion a day-all anyone needs to take part in the action is a computer with an internet connection. 24 Hour Market – The Forex Trading market is open 24 hours a day, so that you can be right there trading when ever you hear a financial scoop.No need to bite your finger nails waiting for the opening bell. Narrow Focus – Unlike the stock market, a smaller market with tens of thousand sofstock stochoose from,the Forex market revolves around more or less eight major currencies. A narrow choice means no rooms for confusion, so eventhough the market is huge, it’s quite easy to get a clear picture of what’s happening. Liquidity – The foreign exchange market is the largest financial marketing the world with a daily turn over of just over $3 trillion! Now a part from being a really cool statistic, the sheer massive scope of the forex broker also one of its biggest advantages. The enormous volume of daily trades makes it the most liquid market in the world, which basically means that under normal market conditions you can buy and sell currency as you please.You can never be in a jam for currency to buy or stuck with currency that you can’t unload. The Market Can’t Be Cornered – The colossal size of the Forex market also makes sure that no one can corner the market. Even banks don’t have enough pull to really control the market for along period of time, which makes it a great place for the little guy to make a move. BASIC FOREX TRADING GUIDE 4 Profitability It doesn’t take a financial genius to figure out that the biggest attraction of any market,or any financial venture for that matter, is the opportunity of profit. In the Forex market, profitability is expressed in a number of ways. First of all,just to set there cord straight,you don’t have to be a millionaire to Forex Trading. Unlike most financial markets,the Forex market allows you to start trading with relatively low initial capital. Ate Toro, you can start trading Forex with as little as $25! Right about now you’re probably asking yourself: “What chance do I have of profiting with such alow initial investment ” The forex broker doesn’t require large initial investments because it allows you to use leveraged trading…