I have been asked for mentoring many times now and most times the person asking is looking to learn how to trade but unsure what to trade on. Most people assume the stock market is the place to go for trading and as this is the most common form of trading it makes sense to pursue this path. However, even though it is the most common does not mean it is necessary the best option.
Some of the reasons why here at Dynamic Trader we believe the forex market is far superior to stocks and shares are listed below.
- Forex is open 24 hours and 5.5 days
- Trade forex from anywhere in the world
- The biggest and most liquid market in the world
- Good leverage on forex unlike stocks
- Minimal transaction fees
- Forex has a handful of major markets to choose from and subsequently one does not have to search 1000's of stocks to find a trading opportunity
- Forex trends very well
The above are just some of the advantages that forex has over stocks. That said, trading forex might seem attractive (which it is) but like anything in life you have to learn first and forex is no different. It takes time to learn to trade the FX markets and I have said to everyone I have mentored not expect overnight riches.
If you learn to trade forex the correct way then you will have a skill for the rest of your life and that dream you may have once had of not having to answer to a boss during the hours of 9-5 is certainly that much more real.
One of my first students who now is a good friend of mine use to catch turkeys for a living. Now both Barry and his wife enjoy a life free of employment and spend the days trading forex and taking long walks along the hills of Scotland.
| You can read the Dynamic Trader daily forex analysis at http://www.fxcps.com Javid Shaik and Anne Chapman perform FREE daily trading analysis at http://www.fxcps.com |
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