Investors have traditionally considered forex trading as one source of income. It doesn’t require capital. The income potential is unlimited, but it all depends on how the forex trader https://www.fxcm-markets.com/forex/ handles their money. It is more lucrative to trade foreign currencies than share trading.
1. Only a modest capital investment
For opening an account you need at least USD250. Forex brokers usually offer two accounts: a small and micro trading account. New traders can get an idea of how the market works before investing in more capital. Forex trading requires no minimum investment. This is in contrast to shares, futures or bonds. USD1000. An investment as small as USD250 can help you double your monthly income. This all depends upon your trading abilities and the frequency that you trade.
2. You pay a very low transaction cost.
You don’t have to pay brokerage fees. Broker fees don’t apply to us. Their compensation is provided by the bid/ask differential. This is basically the spread of selling and buying price. It is the price difference between buying/selling.
3. Trades can occur at any time.
Forex trading operates 24 hours per week. You can trade forex in Singapore and Malayisa. You control your trading hours, regardless of whether you are professional, a home-maker, or an amateur trader. Forex trading can either be done part-time or fully-time. It is impossible to do so if the trades you are making involve another instrument.