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Saturday, June 09, 2007

FOREX BASICS

1. FOREX has only been available to the public since 1997. Before that only banks, corporations, and high net worth individuals could trade FOREX. The general public is still in the dark on the potential and attractiveness of FOREX over stocks, bonds, options, mutual funds, and more. Few are yet aware of the FOREX Market and its potential for high profit with minimal risk to capital.

2. FOREX is the only market that is 24 hours a day 6 days a week.

2. The FOREX industry is a 2 TRILLION DOLLAR per day market that oddly enough hardly anyone has yet heard about. Compare this to the approximately 30 Billion NY Stock Exchange and you may grasp the size of this growing market.

3. The FOREX Market is leveraged up to 100:1 and 200:1 on a mini account as compared to 2:1 in the Stock Market. 400:1 is offered to anyone trading the FreedomRocks hedging methodology as the higher leverage is actually safer with this style of trading. In fact, FXCM now offers 400:1 to FreedomRocks traders ONLY and up to 1 MILLION USD. This is unheard of in the FX retail industry and should cause traders to pay attention to this methodology. Learn more of this system by going to: www.tradefreedomrocks.com/forextrader

4. There is virtually no slippage in FOREX trading. The price you choose is the price you get.

5. FOREX is the most liquid market in the world. You won't get stuck with WorldCom and Enron stocks in this market.

6. FOREX is not correlated to the stock market. Market crashes do not necessarily affect Forex traders adversely. Actually, it often means profit taking opportunities are greater.

7. The FOREX market is transparent and decentralized. The backbone of the FOREX market consists of a global network of dealers. Not being centralized in one location like a NY Stock Exchange it is less vulnerable to disruptions should another 9/11 type event occur. Informed traders are also safer traders. It is much more difficult to manipulate the price of a country's currency compared to stocks and other investments susceptible to insider information and corruption.

8. FOREX trading allows you to profit is rising markets and in falling markets. It doesn't matter where the market goes as long as it goes somewhere.

9. FOREX has extremely low transaction costs unlike other trading options. After you pay the initial spread to get into trade the rest is yours to keep.

10. No one can corner the FOREX market. It is just too big. Institutional influence is minimal and ineffectual which means trends can be relied on more than in other markets.

11. Hedging the FOREX market with a system that works is far safer and more effective than directional trader where 95% of traders fail in their first 60 days. FreedomRocks FX Hedging is the premier system for hedging and can be learned in hours not months and years.

For more details view the 10 minute movie here:
www.tradefreedomrocks.com/forextrader

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