Why Rich People Trading Forex

There are various reasons why many people are now eyeing forex trading as an additional source of income as well as the main job. Some advantages in online forex trading compared to trading or other investments are:

1. Forex Trading Can Be Done Anywhere.
Today's forex transactions can be done online, with computers, laptops, tablets, and smartphones, with just a click on the broker's provided trading software. Plus the speed and cost of the internet increasingly cheaper the day, the overall cost of online forex trading can be very small and affordable. This is the advantage of forex trading number one.
2. Can Sell At Any Time.
According to data from the Bank for International Settlements (BIS), an institution that oversees the world's banks, the forex market has a very high liquidity (availability of funds) to an average of $ 5.3 trillion per day. This makes the forex market the largest market in the world, even when compared with the famous stock exchanges in the United States though.

Due to the large availability of funds in the forex market, then whenever you want to sell, there will always be buyers. Similarly, whenever you want to buy, there will always be sellers. There is no queuing system like in stock trading which often requires sellers / buyers to wait several hours for days to have an agreed price.

3. Forex Trading Presents Two-Way Advantage Opportunities.
Forex trading is done in a currency pair. For example in a EUR / USD pair: a "buy" transaction means buying Euro while selling US Dollars, while "sell" transactions means selling Euro while buying US Dollars. When you expect the Euro to weaken and the USD strengthens, then trader will open a trading position "sell". Conversely, when expecting the Euro to strengthen with USD weakening, then trader will open a trading position "buy". Thus, the forex trader can benefit, either when a currency weakens and strengthens.

In addition, the advantages of other forex trading can be done on various currencies around the world, so we will not run out of profit opportunities. Although, traders generally trade only seven major currency pairs: EUR / USD, USD / JPY, GBP / USD, NZD / USD, USD / CHF, AUD / USD, and USD / CAD.
4. Forex Market Open 24 Hour Non Stop, 5 Days a Week.
Other financial markets such as stocks usually only open according to regular business hours between Monday and Friday. However, the forex market is open 24 hours a day, only Saturday and Sunday markets are closed.

That is, as a forex trader, you will be able to set your own trading hours. If you prefer to work in the morning because it has another major job; No matter, you can trading forex in the evening. Or vice versa. You can forex trading during the day when you already have busy work at night. Or if you want to specialize only trading in the most profitable times only, then can see the time and hours of the best forex trading.