Trading, in general, is a great “business” opportunity. But why is currency trading the forex market the greatest of them all. Did you know that the forex (foreign exchange) market is 30 times larger then all other US markets combined. Did you know that trillions of dollars are traded on the forex. And, no, it’s not all traded by huge banks making huge trades and huge currency exchanges.
Forex trading, like all other trading, is about timing and money management. However, trading currency on the foreign exchange does come with some very unique characteristics. The recognize that by using the same skills they are learning to trade equities, or futures, or bonds, they can be trading the forex and make an exponentially greater amount of money. Until then, trade a demo account, eliminate all risk and build your skills.
You’re probably thinking that demo accounts are worthless since they don’t mimic live trading very accurately, but in the case of currency trading the forex, you would be wrong. The demo accounts mimic live foreign exchange trading perfectly. So there really is no reason to make any live trades until you can consistently make money trading a demo account.
