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Forex: Why Psychiatrists Make Better Traders Than Expert Economists?
It should be noted that millionaire traders, Elder, Williams and some others are in fact professional psychiatrists. And it is not accidental that not the economists are the leaders and most successful traders, but professional psychiatrists and ...

Online Forex Trading Systems
Formerly, you had to visit the stock exchange to do business, which meant the loss of both time and money in commuting to and from your residence to the marketplace. The advent of computers and the Internet have changed the rules of the game. Now,...

What Is Forex Market?
Forex market is the largest financial market in the world, with a volume over $1.95 trillion a day. "Forex" comes from words "Foreign Exchange". Forex is also referred to as "FX" or "Spot FX" market. I'm sure you know what foreign exchange means....

Benefits of Forex Trading

There are many benefits and advantages to trading Forex. Here are just a few reasons why so many people are choosing this market as a business opportunity:

1. LEVERAGE: In Forex trading, a small margin deposit can control a much larger total contract value. Leverage gives the trader the ability to make extraordinary profits and at the same time keep risk capital to a minimum. Some Forex firms offer 200 to 1 leverage, which means that a $50 dollar margin deposit would enable a trader to buy or sell $10,000 worth of currencies. Similarly, with $500 dollars, one could trade with $100,000 dollars and so on.

2. LIQUIDITY: Because the Forex Market is so large, it is also extremely liquid. This means that with a click of a mouse you can instantaneously buy and sell at will. You are never 'stuck' in a trade. You can even set the online trading platform to automatically close your position at your desired profit level (limit order), and/or close a trade if a trade is going against you (stop order).

3. PROFIT IN BOTH 'RISING' AND 'FALLING' MARKETS: On the stock markets, you can only make money if shares are rising, but in economic recession and falling 'bear' markets, there is little chance of making big money. Forex is different. One of the most exciting advantages of FX trading is the ability to generate profits whether a currency pair is 'up' or 'down'. A trader can profit by taking a 'long' position, (buying the currency pair at one price and selling it later at a higher price), or a 'short' position, (selling the currency pair and buying it back at a lower price). For example, if you think the US dollar will increase in value vs. the Japanese Yen then you will buy Dollars and sell Yen (go long). If you think the Yen will increase in value against the Dollar then you will sell Dollars and buy yen (go short). As long as the trader picks the right direction, a potential for profit always exists.

4. 24 HRS: From Sunday evening to Friday Afternoon EST the Forex market never sleeps. This is very desirable for those who want to trade on a part-time basis, because you

can choose when you want to trade--morning, noon or night.

5. FREE 'DEMO' ACCOUNTS, NEWS, CHARTS AND ANALYSIS: Most Online Forex firms offer free 'Demo' accounts to practice trading, along with breaking Forex news and charting services. These are very valuable resources for traders who would like to hone their trading skills with 'virtual' money before opening a live trading account.

6. 'MINI' TRADING: One might think that getting started as a currency trader would cost a lot of money. The fact is, it doesn't. Online Forex Firms now offer 'mini' trading accounts with a minimum account deposit of only $200-$500 with no commission trading. This makes Forex much more accessible to the average individual, without large, start-up capital.

Please visit the author's other trading sites to learn more about forex trading:

http://www.daytrade-forex.com http://www.daytradeforex.com http://www.daytradeforex.com/products.htm http://www.professionalforextrading.info http://www.professionalforextradingonline.info http://www.successtrading2000.com http://www.successtrading2000.com/forex http://www.tradecurrency.ca/education.htm http://www.shortterminvestingsite.com

About the author:

My name is Cynthia Macy and I've been trading various markets for over 12 years. I now concentrate on the forex market, as it has several advantages over trading other markets. If you'd like to learn more about forex trading, visit:

http://www.daytrade-forex.com Request the 'Trade of the Week' to see actual trades using our trading methods and strategies.
Written By: Cynthia Macy




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RTT News

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NASDAQ
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WORLD FOREX:Yen Down Vs High-Yielding Units As China Stocks Rise
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Forex: EUR/USD breaks 1.3742 and jumps to daily highs
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Financial Times

WORLD FOREX: Euro Sinks; Dollar, Yen Gain On Debt Concerns
Wall Street Journal
The dollar was at Y89.38, up from Y88.94, while the euro was at Y122.14, down from Y122.20. The UK pound was at $1.5631, down from $1.5750. ...
Dollar will doom, Gold will boom: Jim SinclairCommodity Online
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WORLD FOREX:Euro Sinks Further;Markets Broadly Sell Off RiskWall Street Journal

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BBC News (blog)

WORLD FOREX: Dollar Loses Ground After Weaker US Job Data
Wall Street Journal
NEW YORK (Dow Jones)--The dollar gave up some overnight gains against the euro Friday morning after ...
FOREX-US dollar, yen gain on Europe debt woesReuters
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Forex Strategy Outlook: US Dollar Likely to Move Sharply Against Euro
Daily FX
Forex options markets volatility forecasts continue to trend higher, pointing to major moves in the US Dollar and other major currencies through the coming ...

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WORLD FOREX: Euro Weakens As Negative Bets Hit Record Highs
Wall Street Journal
The dollar was at Y89.30 from Y89.38, while the euro was at Y121.97 from Y122.14. The UK pound was at $1.5598 from $1.5613. The dollar was at CHF1.0722 from ...

and more »

Reuters South Africa

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