Forex Time Machine Blog

I always wanted to earn an income from trading but faced the same dilemma many people in a similar position face. Do I trade Stocks, Forex or commodities? Which one would give me better returns on my investment? Which was easier to learn to do? How much time would I need to dedicate to trading to make the money I was looking for and probably one of the most important questions is which vehicle was less risky?

The Forex Time Machine blog gives you the top 10 reasons to trade Forex

1. The Forex markets are open 24 hours a day. Unlike the stock market the forex market never sleeps so you can trade when it suits you. If you love your day job and want to keep it you can and still trade the forex markets in your spare time. You don’t have to go sneak off to check the stock price or to place a trade. There are strategies like those covered in the Forex Time Machine that you can use to trade in your spare time utilising less than 30 minutes a day. So what that means to you is that you get to participate in the great opportunities the forex markets have to offer in a way that suits your lifestyle.

2. The Forex market is the largest market in the world so that means that liquidity is not an issue like it is in some of the smaller stock markets. There are always people trading currencies because trade between countries is an ongoing process. What that means for you is that there is unlimited opportunities to make money trading Forex. All you need is a strategy to take advantage of the opportunities that exist like those that are taught in courses like The Forex Time Machine.

3. The Forex market is the Fairest market to trade because of its size. There are very few companies or individuals that have the capacity to place orders so large that they influence the entire market – this is not the case in the stock markets. What that means to you is that you have the same opportunities as a Large bank has – there is a fair playing field.

4. You can trade from anywhere in the world. Thanks to the Internet, as long as you can log in to your trading account you can trade and make money. It has become even easier with many brokers offering a trading service that you can access from your i-phone or blackberry – and for most of these accounts it does not cost you anything extra. You now have total freedom to trade from wherever you want – you can still make money even if you were sitting on a beach in paradise!

5. Make money no matter which direction the market heads. If the dollar strengthens against another currency you can make money. If the dollar weakens against another currency you can make money. The markets are always moving so there is always an opportunity to make money.

6. You can start trading with very little capital… Almost anyone can afford to trade the forex market. It is possible to start with a trading account of $300 and make a return of at least $300 in a few days. To trade the stock market you would need at least $5000 to start with if you were going to practice good risk management. The barrier to entry is a great deal lower and this is why FOREX is so appealing to the beginners with little capital who want the opportunity to make money trading online.

7. Forex trading fees do not contain commissions, hidden charges or exchange fees. The fee structure is simple and transparent. The broker takes a small percentage of every trade you make and that is it. This makes it more cost effective for traders placing small trades and allows for the potential to get into profit without having to cover large transaction costs that you would have to pay if you were trading stocks.

8. The Forex markets are more volatile than the stock market which means that you have the potential to make far greater returns on your investment in a shorter space of time. Obviously there is a down side risk where you can lose money just as quickly especially if you don’t use Risk management techniques. Every strategy you learn should include Risk management to help you limit your losses if the trade goes against you just like those strategies taught in a course like The Forex Time Machine

9. There are only a handful of currency pairs that you need to keep track of so it means you spend less time on market research and more time trading. Trading the stock market requires you to analyse thousands of companies to find a trade which takes longer and is far more complex. This means that the learning curve that a beginner goes through to learn to trade forex should be shorter than the learning curve required to trade stocks.

10. No Degree, college education or higher intelligence is required to learn how to trade the forex markets. That means that anyone willing to spend the time it takes to learn a few of the successful strategies that thousands of traders use each day to make money in the Forex markets can become a forex trader. To start your journey all you need to do is get your hands on a course like the Forex Time Machine that teaches you everything you need to know to become a forex trader. For the complete beginners there are introductory courses like the FOREX Nitty Gritty Course which will help you to make a profitable start.

Forex Trading may not be for everyone but the reasons provided above make a strong case for Forex trading over other types of trading. The Key to success however is once you have decided to become a Forex Trader you need to learn strategies that will suit your lifestyle, are simple and provide you with the returns you are looking for without exposing you to unacceptable risk.

See our article on Evaluating a Forex Trading Method for information on how to find a strategy that will work for you.