Why is FOREX trading so popular?!
Forex trading is so popular because it's easy to get into and can be done anywhere. It doesn't require any special skills or knowledge, just basic math. You don't even need a bank account for this type of trading unless you want one (and even then, plenty of online brokers offer free trading accounts).
1. The global FOREX market is the biggest financial market.
The global FOREX market is the biggest financial market in the world. It trades more than $5 trillion daily, making up over half of all currency trading volume. That’s more than $1 quadrillion per year!
The amount of money that flows through this market is so large that if you wanted to buy everything on Earth, including all its resources and natural resources (such as oil), you would only have enough money for one-fifth of what we spend on forex every year.
In fact, we spend more money on FOREX trading than any other asset class: we spend more than our GDP combined! That means there’s plenty of room left over for new companies looking to get into this industry; if they can come up with something better than what already exists out there today, then they'll definitely succeed at becoming profitable businesses themselves—and hopefully, make some good friends along the way too!
2. You can make money trading in both directions.
You can make money whether the market goes up or down.
You can make money on the spread, which is the difference between where you buy and sell.
You can also make money by borrowing or lending your funds to other traders, who will then use them to buy or sell in your direction.
The key to making money in trading is knowing how to react when the market moves. The best traders have systems that will tell them exactly what to do in any situation, so they don’t have to think about it. For example, if a trader has a system that says, “sell when gold goes below $1200 per ounce and buy back at $1350 per ounce,” then he or she doesn’t need to think about what would happen if gold dropped below $1250 per ounce.
3. There are no commissions and hidden fees.
You can trade in both directions, which means you can profit from the market's ups and downs.
There are no commissions or hidden fees, so you don't have to worry about paying any money out of pocket to get started. There is also no minimum deposit required (other than what your bank gives), so if you have $100 on hand and want to try FOREX trading for yourself, then it will work just fine—no matter how much money is in your account.
4. It's a round-the-clock market.
Forex is a 24/7 market.
You can trade Forex anytime, anywhere.
It doesn't matter what day or night it is—you have access to the same data, charts, and news as every other trader on earth.
This means you’re not disadvantaged simply because you live on the other side of the world from London, New York, or Tokyo. The only thing that matters is finding your niche and sticking to it.
5. You can trade from your home.
You can trade from home.
If you’re in a position to make trades, there is no reason not to work from anywhere. If you live in an area with good internet connectivity and don't mind being away from the office for a few days or weeks, then why not try it? It's your choice whether or not this is the best option for your lifestyle and needs! You don't have to go out of town either; many Forex brokers offer trading platforms that allow users worldwide so long as they have access via their mobile device (e.g., Android). If all else fails, simply open up Skype on your computer and start chatting with friends/family members about what's going on in their lives while working on something important at home instead!
It’s always a good idea to have a backup plan in place. If you have the option of trading from home, then it may be worth giving it a try! If not, and you're traveling for work or pleasure, there are plenty of ways to get things done while on the go.
6. FOREX is highly leveraged.
The main reason FOREX is so popular is it's highly leveraged.
When you trade stocks and bonds, your capital (the amount of money you have) is the same regardless of how much risk you take. In other words, if your returns are 5% per year, then every dollar in your account earns 5%. That's how it works!
However, when trading currencies, there are different factors: volatility and interest rates. Volatility refers to how much a currency's value will fluctuate over time; interest rates refer to what kind of return investors can expect when they invest their money in an asset like stocks or bonds—money earned through dividends or interest payments made by companies who hold these assets on behalf of shareholders/owners).
In other words, FOREX traders can earn more money from the same amount of capital if they're willing to accept higher levels of risk. If you think about it in terms of stocks and bonds, this is similar to buying a stock or bond with a higher dividend/interest rate; when that company pays back earnings.
7. More people are making a living in FOREX trading.
FOREX trading is a global market. The average person worldwide can access it, and many people do.
The market is open 24/7, so you never have to miss out on an opportunity if something is happening at any time of day or night. If a stock goes up or down by 1%, but then you're asleep when it happens (like most people), this could be your only chance to make money in that stock or commodity!
If your goal is to make money from FOREX trading alone—and not participate in other markets as well—then this may not be for you. Still, if your goal is just to make some extra cash while having fun with friends who enjoy playing cards outside their homes during weekends, then these are good options for them too.
The best part about playing cards for money is that it's a game you can play anywhere. You don't need a table or chairs to do so, and anyone can learn how to play if they want to. There are many variations of poker, but one of the most popular ones is Texas Hold'em because it's easy for beginners to understand yet still challenging enough for more advanced players.
The fact that FOREX is a 24-hour market means you can trade almost round the clock. You can do it from home, which makes this a very convenient way to make money. The most important thing about FOREX trading is knowing how much leverage you take when you buy or sell currency pairs (such as EURUSD or USDJPY). Also, remember there are no hidden fees and commission charges when using an online broker like eToro or Plus500!