Explained: Forex vs. Other Financial Markets in One Visualization [Infographic]
You’ve decided you want to start trading in order to get more out of your money, but you’re not sure where to start. That’s understandable.
There are many trading platforms available to you that have the potential for a return on your investment.
You might opt to go for the traditional markets of NYSE and NASDAQ, as they’re what the news commonly covers. But if you’re planning on monitoring your trades to find the patterns or you just want to day trade, you have a limited window of opportunity. The traditional markets are open for fewer than eight hours a day, and trading hours take place when you’re at work.
Consider trading on Forex instead. Currency trading is a very stable and low-cost way to invest your money. You don’t need a lot of money to get started, and you can trade 24 hours a day, six days a week. That means you can come home from your day job and start trading for as long as you like.
Forex is also the most liquid market in the world, and volatility is minor. That is, if someone makes a large purchase or sale, it won’t impact the market price or make it harder for you to buy. Forex is an excellent place to learn the ins and outs of trading without the high stakes.
Read on to the infographic below to learn more about Forex trading and what it’s like. You might find that Forex trading is something that works for you.
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