Everyone has their own reasons why they want to enter the forex trading domain and become a trader and I am sure you do too, otherwise you wouldn’t be on my website . It could the novelty of being your own boss, getting away from the rat race, financial freedom…you name it. Good news is to learn forex trading is no rocket science, once you come in terms to understanding the market and how to interpret the news, data and trends picking winners will be second nature.

When I started my trading career, I was discouraged by a lot of my peers. Everyone around me was saying how risky the market was (it can be if you don’t know what you’re doing) and that I had to be switched on to be successful in this field. Well, call me a genius if you like but here I am 4 years down the track sharing my experience of Forex trading with you.

There are no secrets behind succeeding in the Forex market, yes you will need to learn a lot for the first couple of months and yes, your mental abilities will be put to the test (greed, anger, stress and frustration will all be part of those psychological issues you’ll face) but if you are able to overcome those 2 stages then you know that you’re on for a wonderful journey.

If you are here today, you must already know how big a potential Forex trading carries. However, you may still be skeptical on whether to join the community of Forex traders or not.

I hear you well and that’s exactly why I wanted to share with you my 10 reasons why you should consider being a Forex trader:

1. Firstly, you can start trading with a demo-account that is freely available with most forex brokers. After which you may consider opening a live account with. You have the ability to start trading with as little as $250 with most brokers.

2. Forex trading accounts for nearly $3.5 trillion US a day. It is the biggest financial market in the world making it highly lucrative to invest in.

3. Forex market is open 24hrs a day nearly 7 days a week. In other words the FX market gets no break and you can trade anytime of the day whenever you feel most comfortable.

4. You can profit regardless if the market is experiencing an uptrend or a downtrend.

5. With leverage, you earning potential is increased by 10 when using a standard lot. Thus if you profit from 10pips move, you bank $100. This is the power of leverage.

6. Market execution (buy & sell) of your trade is instant (depending on broker) and is dealt with via the net.

7. There is no insider trading on the Forex unlike stocks etc…Information is available to everyone at the same time through specialized financial news broadcast.

8. You deal in cash thus making your investment very liquid.

9. There are no commissions involved except for the spread.

10. Finally you do not need to have a degree or be highly qualified to become a Forex trader.

Anyone can become one, so can you. You will just need to educate yourself about how the market works or if you want to fast track your career hire a mentor to help you in your journey.

You’ll be amazed to know that the most successful traders don’t necessarily come from an extensive finance background.

Visit this blog and find out more info about what is forex!