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Benefits of Investing into the FOREX: A 24 Hour Market |
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Saturday, 08 May 2010 |
There are a lot advantages in investing into the foreign exchange. First of all it is a 24 hr market, apart from weekends of course. You've got the US market and then the EU market after which is the Asian. One of many great benefits in such trade is the over lapping periods. The USA and European overlap between 5am & 9am, while the Japanese and the European & Asian between 11pm & 1am eastern.
Investing into the stock exchange is risky business – If you happen to get caught in a nasty trade, not only do you lose the money in the account and you might have to come back up with a lot of extra cash out of your pocket.
But not in Forex – The worst case scenario is that you may lose what’s in you account – and that’s all, but you’ll need to do something really stupid for that to happen, like making an enormous trade leave it unattended. If market takes a nasty move and you were not there – there goes your cash.
Stock exchange always starts with demo accounts, which you can use to trade, as well as to attend other trading issues, platform, charts, and information. But you might be utilizing play money, or what we name paper trading too.
But with Foreign exchange you've got a mini account, instead of requiring thousands of dollars to get into it, you can open an account with as little as $300, which has very minimal risks.
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