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[Razor1911]

Forex market is risky, but entertaining. Many people find it very interesting way of earning money. Many people join everyday from across the world in the search of some profits. And yes, forex has many benefit too which attracts people from all over the world.

The main benefit of trading in forex are

1. 24x5 trading platform, no need to be in hurry to close position in working time.
2. Work from home according to your convenience.
3. Low deposit required to start the business.
4. Online material available for learning and that is also free.
5. High volatility, don't have to wait for transaction to be completed, it's instant.
6. High leverage available.
7. Many bonuses are available by selected brokers.

These are all benefits of forex market. Pardon me if I have missed any.

 

[Razor1911]

Well you said Forex market is risky, but entertaining. Many people find it very interesting way of earning money. Many people join everyday from across the world in the search of some profits. And yes, forex has many benefit too which attracts people from all over the world. Well you are right but I think it also has it own disadvantages

That is the reason why forex has become so much popular these days. Particularly, in this pandemic era where most of the people are confined to home such online businesses has given a platform where they can atleast earn from home with little effort.

 

[Ofonime]

Permit me to point out one of the points that you raised and that's the volatility. Forex trade is not characterised with high volatility . It's the cryptocurrency market that is volatile in nature

Yes you have made a good point here,that is why I always advice people to trade crypto rather than forex ,forex is a bit complicated and if you dont have a good skills or purchase those expensive trading system you can get your account blown off in a moment thou stoploss can prevent some of the loss

 

[a_jerobon]

Those are very good benefits of forex trading. I love the idea of just earning from home at your own convenient time. I also like that different forex brokers give you bonuses that you can use to maximize your profits.

 

[Clickzeez]

Ability to go Long or Short Determine While you can go short on other markets by using derivative products, such as CFDs, short selling is an inherent part of trading forex. This is because you are always selling one currency (the quote currency) to buy another (the base currency). The price of a forex pair is how much one unit of the base currency is worth in the quote currency.

 

[Clickzeez]

It's a Large and Global Market. ...

• It's Good for Beginners. ...
• You Can Trade 24 Hours a Day. ...
• There Are Low Transaction Costs. ...
• You Can Benefit From Leverage. ...
• It's a Market With High Liquidity. ...
• Volatility of the Forex Market. ...
• You Can Buy or Sell Currency Pairs Depending on the Market.

 

[Clickzeez]

Another significant benefit of Forex Trading is the absence of commissions in most cases. The majority of service providers on a foreign exchange market get a commission by spreads - the difference between the buying and selling prices of currencies. And it's usually lower than the actual commissions on other assets.

However, just like any other type of trading, Forex trading is a very risky and financially dangerous business. That's why many Forex traders prefer to become more knowledgeable in the field and then get to the trading part.

 

[JohnRussell]

Yes you have made a good point here,that is why I always advice people to trade crypto rather than forex ,forex is a bit complicated, but if with the help of cfds metals trading, it is rather simple and if you dont have a good skills or purchase those expensive trading system you can get your account blown off in a moment thou stoploss can prevent some of the loss

Well, there are a lot of variants for the forex trading, that I have found from the moment of start work with. Unfortunately, they need a lot of knowledge. But, nevertheless, it can help you even if you are the newcomer.

 

[Wisdom01]

Yeah no too mush stress been faced by offline jobs ,you could just work from home at your own convenience and be your own boss, that's the advantage of forex

 

[Bousine00]

Forex market is risky, but entertaining. Many people find it very interesting way of earning money. Many people join everyday from across the world in the search of some profits. And yes, forex has many benefit too which attracts people from all over the world.

The main benefit of trading in forex are

1. 24x5 trading platform, no need to be in hurry to close position in working time.
2. Work from home according to your convenience.
3. Low deposit required to start the business.
4. Online material available for learning and that is also free.
5. High volatility, don't have to wait for transaction to be completed, it's instant.
6. High leverage available.
7. Many bonuses are available by selected brokers.

These are all benefits of forex market. Pardon me if I have missed any.

It's all listed here bro, no one is left out. The one that resonates with me the most Is your ability to work from the comfort of your home.

 

[Wisdom01]

It's all listed here bro, no one is left out. The one that resonates with me the most Is your ability to work from the comfort of your home.

Exactly you could work anywhere and at any time , if you just have a phone and a data ,that is part of the reason many are trying to learn about it well

 

[Acrosin]

There are several benefits
1. No delay in payment
2. Not affected by the pandemic as you can trade every day and earn
3. You can become a merchant where you buy and sell coins im exchange for money

 

[ELSA-ELI]

Well, I have never traded with a broker or given an account manager to trade for me. Though it is a very lucrative venture to dive in.

I will weigh the options and see what can work for me according to the benefits you have highlighted but am sure it will take a lot of input from my side to familiarize myself with it.

 

[Razor1911]

Well, I have never traded with a broker or given an account manager to trade for me. Though it is a very lucrative venture to dive in.

I will weigh the options and see what can work for me according to the benefits you have highlighted but am sure it will take a lot of input from my side to familiarize myself with it.

Obviously it is one of the most lucrative business, but you should be well prepared because it contains very high amount of risk. You should have a proper plan knowledge and strategy to implement in the market.

 

[ELSA-ELI]

It is one of the most lucrative businesses, but you should be well prepared because it contains a very high amount of risk. You should have a proper plan knowledge and strategy to implement in the market.

More reason I dropped the interest in it. Currently, it is not my priority venture to embark on and count as my source of passive income because of the same reason that a lot of skill is of primary essence to become a successful trader.

 

[Razor1911]

More reason I dropped the interest in it. Currently, it is not my priority venture to embark on and count as my source of passive income because of the same reason that a lot of skill is of primary essence to become a successful trader.

It is good to hear that it is in priority venture list. Obviously this is a very lucrative venture and you should start this with full preparation. The risk factor is high and you have to be prepared.

 

[ELSA-ELI]

It is good to hear that it is in priority venture list. Obviously this is a very lucrative venture and you should start this with full preparation. The risk factor is high and you have to be prepared.

Emphasis is that I would not certainly put my eggs in that kind of basket as a forex trader but rather look on other ventures as I am learning how it is done. Then when am prepared enough only then would I go for it.

 

[Ofonime]

There are several benefits
1. No delay in payment
2. Not affected by the pandemic as you can trade every day and earn
3. You can become a merchant where you buy and sell coins im exchange for money

Forex trading has so many benefit some of the benefit are the once you just mention like no delay in payment you are your own boss you decide when to pay yourself and decide when to go to eork,but the issue is that you must gather positive knowledge that will help you trade well and also a good strategy will ensure that you never fall a victor to the market reaction be it up or down trend

 

[a_jerobon]

Yeah no too mush stress been faced by offline jobs ,you could just work from home at your own convenience and be your own boss, that's the advantage of forex

That is right. There is so much stress involved in offline jobs, especially if you are never in good terms with your bosses. It is better when you are working from home. There are stresses too but they are yours to manage.

 

[Wisdom01]

That is right. There is so much stress involved in offline jobs, especially if you are never in good terms with your bosses. It is better when you are working from home. There are stresses too but they are yours to manage.

Some people don't like stress of having a boss , so there are online jobs they could use to bypass that and then crypto and forex seems to be another alternative