Newbie: I want to ask you something – why is FOREX so popular? What does it have that other markets do not?

Christopher (Me): The simple and fastest answer is - major possibilities with minor requirements.

Newbie: Uh, there is no prize for guessing that!

Christopher (Me): Ok, ok. Let’s point out some basic features that add up to FOREX’s strong attractiveness. We will start with the items that we’ve already discussed earlier and then will add some more reasons:


1. 24-hour FOREX market works all around the clock from 5:00 PM on Sunday till 5:00 PM on Friday in New York time. Even major holidays can’t close the market totally. Yes, trading volume can be reduced significantly, but the market continues to work. If you have a job and can trade only part-time during the day, this feature gives you huge benefits. First of all, it does not matter in what country you are living in, because the market is always at your service. Second, you can freely plan your day depending on your own circumstances and trade in the morning, during your lunch, in the evening or instead of sleeping. The market always there, ready to take your trades.

2. Low demand for start-up assets allows you to come aboard with as little as $5-50! The point is that FX retail brokers provide clients with possibility to open “mini” (usually $100-300) or even micro ($5-50!) accounts. I’m not saying that you have to enter the market with lowest assets that you can ever find. But, in fact, you could... This issue does make the FX market much more accessible for individuals who want to start trading, but have limited sums of money to start with.



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HussienArasi Premium
I didn't know what does forex mean ?
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Fleeky Premium
Well written. .

Nowadays competing wIth computers AI (artificial intelligence) logarithms becomes near to impossible.

For many a loss...
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dalwhu Premium
Thanks for sharing this is most interesting
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Sivy Premium
Thanks for the information. I interesting in forex but have close to 0 knowledge. , do you know any great forex community or program that we can join?
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PatrickM1 Premium
Hi Sivy - I'm not much of an FX expert but here is a Wealthy Affiliate member I follow that has a website related to currency trading. Have a look at her Forex site and connect with her. She may be of some assistance. All the best.

https://my.wealthyaffiliate.com/xinzhang
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Sivy Premium
Thank you!
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cena1975 Premium
Hi Christopher, which is the best pair to trade? I would like to only focus only on not more than 3 currency major pairs.

I had tried forex demo, it is fun but not real.
How can I know when is the best time to buy or sell?

Thanks in advance
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FxBinaryOpt Premium
Hi Cena, Thanks for dropping by and the comment. I highly recommend my personal top 3 currency pairs are EURUSD, USDJPY, and AUDUSD.

There are many ways to to identify the best time to buy/sell. 3 types of traders- Fundamental/Sentimental, Technical, and Price action. Everyone's personality is different therefore not all are suited on each individuals. Keep Demoing to find out which suites you the most.

Cheers pal,
Christopher
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Sharon0228 Premium
I didn't know what Forex was. I looked it up. I am not there yet but all this information is going to be valuable when I get there.
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chrismason Premium
Can i ask what this is and how it works? complete novice here!
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FxBinaryOpt Premium
It's clearly stated how Forex works here, Chris. I will keep posting more Forex education.
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AlexFerns Premium
Great article! Thanks for posting mate. Never knew anything about it.
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FxBinaryOpt Premium
My honor to share =) thanks for dropping by, Alex!
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howard911 Premium
Thank you much obliged.
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FxBinaryOpt Premium
My pleasure, Howard! =)
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howard911 Premium
Hi Christopher, where does one find these micro brokers to enter the market small trades?
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