Forex Trading – A Source Of Income for Intelligent Investors

Forex trading can be seen as one source of income for investors. The strategy and money management system must be in place to allow forex traders to invest minimal capital. This more info ensures that they can make an unlimited amount of income. Trading foreign currency has many advantages when compared to trading shares.

1. It requires very little capital.
To open an account, a USD250 minimum deposit is required. Forex brokers often offer trading accounts which are either’mini’ or’micro. This will give novice traders a chance to test the market before investing in more. Contrary to options like futures or bonds, forex trading only requires a minimum investment USD1000. If you have the right skills and trades frequently, even a small amount like USD250 can help you double that amount within a few months.

2. Low transaction fees
Clearing fees and government stamp duties are not applicable to trading shares. Although we have to trade through brokerages, there are no broker fees. They are paid a bid and ask spread, which is compensation for their work. The difference between selling and buying price.

3. Trades can take place at any hour of every day.
Forex and forex markets are open all week. If you’re a Malayisa or Singapore resident, the market opens at 6 am on Monday mornings and closes by 6 pm on Saturday mornings. Both professionals and home-makers are welcome to trade on the market. You can set your trading hours so they fit into your busy schedule. Forex trading can be started part-time before you decide to go full-time. Trading in other instruments will prevent you from trading forex.

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