A lot of people ask me why I like forex trading. Why is it so much better than stocks or real estate or any other investment?
For me it boils down to a couple of items. The first is ease of use. I can trade from anywhere. I can trade anytime. Stick my mobile card in my laptop and I am open for business anywhere I want to be. I don't have to go house hunting, checking pipes and wires, shingles, or foundations. No negotiations with sellers or buyers, no paperwork or waiting for closings. Yes, forex trading is way easier than real estate.
There are no meetings, no selling, no interpersonal hassles with bosses or employees or co-workers. Now don't get me wrong, I'm not some kind of reclusive, people-hating hermit. But there are zero hassles that you have with other jobs.
So when it comes to trading, I like the quiet time. I enjoy the challenge. and I'm happy about the fact that it is readily available anytime...anywhere.
I also like the idea that it is so inexpensive. Again something you can't really say about getting into real estate. Fees, taxes, lawyers, titles, everybody has their hand in your pocket. Additionally, there are no commissions. What a huge advantage over stocks. Obviously, you ned a much smaller move to break even and start to profit, than when you only have to cover a spread, not a spread plus commissions.
Also, the good amount of movement is such a plus---as you can be profited and out of the market in just a short time is you're a daytrader. And the trends are much more organized and lengthy than in stocks for longer term trades. Thus technical indicators are far more reliable in these markets than in others.
Add it all up, and the forex provides a much more pleasurable investing experience with less drawdown hold time and expense. that's got to help any investor be happer ands live longer!
Happy Trading!
Bill
bill@thefxtradingmasters.com
Thursday, May 20, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment