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Tuesday, April 21, 2009

Forex Made Easy

By Hass 67

Right now, forex trading is the most popular part time work from home opportunity. Forex trading is the recession proof answer to the today's stock market crisis. Anyone can trade forex now from home by going online.

Forex and stock markets basically work differently. People buy stocks as a long term investment hoping that these stocks are going to appreciate in value in a few years, giving them capital gain to build their retirement portfolios. In forex trading, most of the people trade short term maybe a day, a few days or at most a few months.

Forex markets are open 24 hours, five days a week except on weekends. You can trade forex online anytime of the day. On the other hand stock markets are open only from 9 AM to 5PM. After the stock market closes, you have no way to buy or sell a stock.

90% of the people who trade forex are speculators meaning they are looing for making a quick gain. Many forex traders are day traders. Stock trading has traditionally been a long term investment. Once you buy a stock you have locked in your money for a considerable time.

Forex trading is far easier than stock trading. In stock trading, you may have to study thousands of stocks before making your picking. As compared to that in forex trading, you are mostly dealing with 5 or 6 currency pairs.

Another major advantage of forex trading over stock trading is the lower trading cost. In forex trading, brokers don't charge any commission. They make their profit by the difference between the bid ask spread. In stock trading, the brokers charge a fixed percentage as commission per trade.

During the year 2008, investors have taken a severe beating in the stock markets. This is the worst bear market after 1929. Even blue chip stocks could not weather the financial storm. Many people lost more than 70% of their retirement accounts during 2008.

It is feared that sotck markets will take 2-3 years at least to recover. This bear market has wiped out many investors. But there is always a bull market in forex. Even a small change in dollar or euro exchange rate may be an opportunity for you to make a fortune.

Daily more than $3 trillion get traded on the forex markets. If you combine all the stock markets of the world, even then they cannot the match the size of the forex market. Forex markets are so huge that even governments and central banks are unable to control them.

After losing their hard earned wealth in the stock market crash of 2008, many people are wondering how can they recover their losses...

Learn forex trading. Yes, forex trading is the answer to this recession. It is not difficult to learn forex trading. If you are willing to give two hours daily to forex training, I believe in 2 months, you can become a forex trader. Take forex trading as your passion or hobby. You are not going to regret it.

You can read my blog where I give many forex trading methods. Most of these methods are risk free. You can try them on your demo account before actually implementing them on your live account. I want you to try one method that works on autopilot and you can try it risk free for 60 days. - 23210

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