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    Thread: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

    1. #21
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      A good advantage that will make people to choose the Forex market over other business lies in the fact that it can be done from anyone, there is literally no limitations to where we can trade Forex, whether we are in Japan or something remote village in Africa, we can trade Forex as long as we have Internet facilities and also a mobile phone or a laptop, that ease of doing business has attracted many people into the market because they believe earning money should not limit you to one location.

      There are few businesses that can be done from whatever location we find ourselves, Forex trading is one of the most profitable business which does not recognise the boundaries of any country before one can earn from it.


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    3. #22
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      In my opinion, there are 2 important reasons why Forex is more attractive than other businesses.

      Forex trading is flexible

      There are many advantages of forex trading compared to other business activities. One of them is flexibility of time. Being a forex trader means you can do activities in accordance with the time that can be spent. 24/5 non-stop, you can do your trading activities. Theoretically, you can choose the time to trade whenever the time you like.

      Want to trade early? Please. Noon? OK, bro. Afternoon? No problem. Night? Can. Past midnight? It's okay. Uh, but from the "next person" you don't grumble. Hihihi! Well, basically, you can trade at any time. Anyway, it's up to you! Fun right?

      Second, flexibility of place. You can trade anywhere. As long as there are gadgets connected to the internet, that's where you can trade. Want to trade at the office, on campus, at the café, at home, in the room, or in the bathroom? Can.

      Third, capital flexibility. You may choose the amount of investment according to your ability. Want $ 5 or $ 5 million too ... What's important, you can adjust the capital to the size of the trade. Do not let only $ 5 in capital, but open a trade with a size as large as Gaban because you want to get a profit of $ 5 million in an instant.

      Margin


      Next is the margin trading facility. Well, here it is one of the advantages of forex compared to other trading, even compared to stock (stock) trading. Forex brokers usually provide margin trading facilities, where with this facility, traders can trade with a quantity that is much higher than the invested capital.

      With margin trading, traders can transact for $ 1,000 just by investing $ 100. Of course this makes the possibility of earning profit in forex trading much higher than in stock trading or traditional trading, where we must provide funds as much as the quantity we trade.


    4. #23
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      Forex is a business that requires minimum deposit before someone who has interest can trade, there are many people who have invested in the forex market without any issues because they did not have to break the bank or look for a loan before they began trading, the main thing that one needs to become a forex trader is dedication and determination, once these two things have been made available, trading in the forex market becomes possible.

      Many people have chosen forex because it is based on the Internet, meaning the cost of renting an office space and other related cost is absolutely eliminated, when you are about to start any other business, these are some of the things that you would need which is completely removed because you have started trading in forex.


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    6. #24
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      Forex is a business with great flexibility and employability, that is why many traders have taken to do it, when an unemployed person learns about the forex business and start trading, that has already reduced one person from the unemployment market, this can even benefit the government because someone has chosen to do something different, and the good thing is that when a forex trader makes money, the investment will ultimately be put into the economy through setting up of other businesses that can employ people off the streets, trading forex makes the economy to gain many advantages, the government should support forex traders with the things they need to make money easily.


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    8. #25
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      Quote Originally Posted by PhantomTrader79 View Post
      1. Forex trading can be accessed from anywhere on the planet.

      People choose certain type of business because of several reasons and one of them is accessability. These days online world is much more advanced than it was 2 decades ago so many of the things usually done manually in the past are now done using the internet and the technology that support it. You can do trading from anywhere on earth and it really make it a favorable business for many people.

      2. Do it at your available time.

      One more thing about this business is that you can trade at your available time where other business needs to be done during business hours this business of forex trading can be done after you wake up during your lunch time or even after all of your family member fall asleep at night. The forex market opens 5 and a half business days 24 hours non-stop. The market only rest during the weekend. This factor alone already beat many other businesses.

      3. Big discount (leverage).

      In every business the use of effective money management is crucial to the success of that business. In forex trading you have what they called constant discount where you can buy thing much larger that you can originally buy and thus, amplify your profit margin by many fold when you sell. It. Whatís impressive is not only that but the fact that you can do this every time without limitation beats many type of business that exist in the world. Some business will give you 1 digit discount or limited double digit discount but this business can amplify the discount to a ridiculous amount. Imagine buying something that is worth $100,000 only with $2,000 (with 1:50 leverage) or even $1,000 (with 1:100 leverage). This is crazy and unheard of in any other business, right?

      4. The cost of doing business.

      When you want to start up a business you need to think about the costs first. How much money does it require to rent an office space or warehouse to store your goods, how much money to pay your workers and employess , how much you should pay to get a license to start that business and many other areas that need money. But in forex trading, all you need is a device that can sometimes cost you as little as $50 (for a cheap android phone), an internet connection that costs anywhere from $10 to $20 depending on the plan that you want to subscribe to and then a comfortable place to run your business which can be literally anywhere in your country or even abroad. You also need to pay for the cost of doing the business with your broker but mostly that is already included in the spread or in the form of commission when you use an ECN broker but the commission is usually ridiculously low. So, most of your money can be used for trading and as reserve capital for doing forex trading. How can you beat that?

      5. Free knowledge bank and information.

      Before you do any business itís crucial that you have already have a lot of knowledge or information so you can run the business smoothly and hopefully make a lot of money later. This might come from school, taking courses, getting certification or given to you by your parent or family members. In most, cases, you will need to pay for it and often time the better the knowlege is the more expensive it will be. In forex trading though, you can choose to spend your tmie to become a sel-taught trader or you can pay for the course. Even if you decided to pay for a course the amount that you will have to pay will be significantly low compared to other types of business. Paid courses range from $47 to $10,000 depening on the level of the learning material. Basic levels can be found anywhere from $47 to $197 while for more advanced stuff obviously will be more expensive. $6,000 or $10,000 advanced materials can seem expensive for you right now but when you also calculate the potential of money /profit that you will get after ward the investment of $6k will be miniscule in comparison. It is not rare to see some retail/individual traders make $20,000 or $50,000 profit in just 1 trade thatís just to show the potential of this business.

      6. No competition.

      In the world of business competition is normal and some form of competition lead to bad things because itís a matter of how much market share you can still keep with more and more new and some times better competitor coming in. Even big business collapse when they donít pay attention to their competitors, other big business decides to buy the competitor to join hand and enjoy the market as one bigger company. In retail forex trading, you have no competition. It doesnít matter how old you get as long as you can still see chart and analyze the market youíll do just fine. You can try to find other business that is similar to this one but Iím sure you will fail. That is why this business is a true paradise compared to other business both offline and online.
      I think the best reason that's why people join Forex trading then other businesses is that they can make big profits from Forex trading in just few days and they can earn very big money in Forex trading market then other business is Forex trading business is a risky business but it gives you so much profit in just few minutes that's why most of the people join Forex trading other than other businesses but I think they should not giving Forex until they have very good experience to do work in Forex trading market


    9. #26
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      As per my view the Top 6 reasons to join Forex are as follows :-

      1. 24 hours Work :- Its an unique business no doubt that from any part of the World you can work at anytime ,be that late at night or the early morning no matter ,any traders can work as per their comfort level.

      2. Zero investment :- If we wish and if we are serious and have a computer with an internet connection ,we can earn from this business with zero investment also because there are many brokers who are organizing free demo contests .

      3.Big leverage ratio :-we can trade with bigger leverage ratios here and for that we can have the facility to trade with low risk .

      4.Easy to operate :- No much knowledge and education is required to dominate the market ,just we should know the basic english so that we can understand the basic.

      5.Lots of educational free materials :- Here to trade Forex ,lots of free materials are available in the online World and that makes the business easy and simple.

      6.Less idea about this business : - Many people now also in this World is not having any idea about this business and that is an additional advantage for Forex traders like us.


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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business


      Traders have different reasons to choosing the Forex market. The truth is, Forex has a lot to offer for any type of trader and there are plenty of reasons to trade Forex online. The main reasons why Forex is the top market to trade are explained below. Not every point will be applicable to your needs or your trading strategy, yet most traders define the following reasons as the answer to the question of why Forex is the best market for trading online.
      There are more Forex trading platforms appearing every year, and there are even more regular updates for established ,
      Compared to many other online trading markets, technological advancements are definitely why Forex is one of the most potentially lucrative markets to trade. In addition to this, the retail Forex software industry is also enriched by third party software providers who supply various add-ons and plug-ins for the most common trading platforms,
      Forex trading is heavily monitored, and many Forex brokers are regulated by more than one authority. This shows that Forex is one of the safest markets to trade, although it only applies to regulated brokers.
      Forex brokers create substantial trading volumes, due to the leverage they offer. This is why it is often possible to get rewarded with a certain deposit bonus when opening a Forex trading account. Why is Forex the most exciting market to trade? Because next to the bonuses, brokers offer a number of other incentives and promotions.


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    12. #28
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      People choose to do the forex business for many reasons, if we understand that there are more losers than profitable traders then ideally no body shop even show interest in trading, on the contrary this is not what we see here. I think that the forex market is very addictive which has intoxicated the front stopping at any point, despite the loss, there are more and more people that will want to trade, that is because they have passion for the business, trading forex without a good understanding about the role of risks management can be dangerous, but when you choose to trade despite the challenges, then be prepared for the uncertainty, I have been a trader because I don't understand another business that is as profitable as forex.


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    14. #29
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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      You are right, and all your points are valid. Forex exchange market is really getting stronger and more popular by the day. The business is attracting more customers virtually every day because it is very reliable. I understand that Forex exchange market has been in existence for decades now, and its services keep improving. Then the mode of the operation of the business is very impressive. Both the RICH and the POOR have equal benefits, depending on their rates of investment. Also Forex exchange market is an independent market, it operates on its own without the intervention of the government. This is the reason economy situations of countries do not have effects on the Forex exchange market.


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      Default Re: Overview: Top 6 Reasons Why People Chose Forex Trading Instead Of Other Business

      [/B] Top six reasons why people choose forex trading to other business [/B]

      1. Forex trading is a business you can start with low capital, depending on how much you can afford, what really matters is the amount of knowledge you have in it, that you determine your success. This is one of the major reason why people choose forex trading to other business.
      2. Forex trading is a business that is very easy to start. To start a forex trading business, you don't really need any special equipment or need to go and rent an office for it, from your home and with your mobile phone that has internet connection you can start a forex trading business. This ease of starting is one of the major reasons why people choose it to other business.
      3. Forex is a very lucrative business. Forex trading is very lucrative in the sense that you can earn as much as you can, there is no limit and there are other areas in it that allows you to earn extra income without you trading directly.
      4. Forex trading brings an opportunity for you to live you dream life because of the huge returns that can be made from it and this makes people to easily choose forex trading.
      5. Forex trading doesn't involve physical stress, in the sense that it does not require physical energy for you to carry out trading activities daily, so this is an advantage people tends to look and choose forex over other business.
      6. People choose forex trading to other business because of the fact that forex trading is a convenient business. You can trade forex at your own convenient time without breaking any rules or stand lesser chance of profiting from it. It provides equal opportunity at all time.


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