Trading forex while initially confusing to grasp, is nonetheless one of the easiest to trade. With the correct forex trading method it is possible to consistently maintain a high winning percentage. This is not only rewarding psychologically but keeps morale and enthusiasm high - essential for the beginner.
There is nothing like a string of profits to build your confidence.
If you are looking for a risk free system with no losing trades, forget it. There is no such thing. What is possible, however, is to keep losses small and to ride out the winning trades as long as you can. Over time the wins will out pace the losses, leaving you with more than you started with.
The relatively minimal time commitment and online convenience of forex trading are also what make this an attractive investment financial vehicle for many investors. You can work as much or as little as you want - even just a few hours per day - and still have the plenty of opportunity for financial gain. (With wise trading strategies in place a trader can turn a profit when the market is going up or down.)
Here are the Top 10 Reasons Beginners Like to trade forex
1 - Beat the returns you get from mutual funds, hedge funds, etc.
2 - Start-up costs are quite low when compared with day trading futures or stocks.
3 - Position yourself correctly and you can make money when the market is going up or down.
4 - The forex markets are open to trade 24 hours a day.
5 - The forex market is the most liquid in the world. A trader can open or close a position at a fair price almost any time
6 - You can make money working just a few hours a day or week from your computer.
7 - You can make trades from anywhere in the world with a simple internet connection.
8 - Technical analysis works well and finding market trends is fairly straightforward.
9 - You can take control of your finances and run with it.
10 - A beginner can get up to speed quickly without risking a cent by opening up a free demo account.
A word of caution - when trading in forex a trader can leverage 100:1 of his/her money, but it is wise not to do so - at least initially. With proper knowledge and wise risk taking even a beginner can see some quick gains in their portfolio.