Thursday, January 17, 2008
You Don t Have to Lose in The Forex Market
You Don t Have to Lose in The Forex Market How often do the forex market rates change? Monthly? Daily? Hourly? Try this: The forex market rates change every second to every fraction of a second! Whether you realize it or not, you have been exposed to a great concept. Read it again. I know you probably already knew this fact. Even though you already know the answer it will benefit you to think about it deliberately. The only thing that you need to know for sure is the currency exchange rates will continue to fluctuate continuously while the forex is open. Opportunities to make money are created continuously! You do not have to worry about how much these forex market rates change at this point. The rates change by various amounts at various times. The important idea that you need to understand is that prices fluctuate every second, you have new opportunities developing to buy low and sell high. Forex trading even allows you to short sell. You can make money in either direction. The way forex trading is structured allows you to profit enormously from small price fluctuations. On a 1% price fluctuation, you can make a 200% profit. This is due to the leverage of forex trading. The forex market has a DAILY trading volume of around 1.5 TRILLION dollars. That is 1,500 Billion! This means that 1,498, 574 skilled traders can each take $1,000,000 out of the forex market each day, and the forex market would still have more money left than the New York Stock Exchange every day! The potential exists for forex profits. So there is plenty of money for plenty of traders to use the same trading techniques and profit immensely. If you would like to check out the absolute best forex trading platform that has a very low start up, great spreads and customer service that is second to none click here fxprofits.info Bobby Winford has been involved in many forms of investment over the years but he is partial to the Forex market, as the possibility of fast and substantial profit has always been attractive.