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By fubusly
Why trade forex? This question popped up some 4 years back in a forex seminar I attended. As simple as it sounded I had just realized that I did not have enough words to explain it myself, besides knowing that it was a cool honest way to make money online without having to open an online business or sell a product online.
There are many benefits and advantages to trading forex, here are just a few:
*Forex is a 24 hour market: forex is open from Sunday evening to Friday afternoon every week and never sleeps.
*There are no commissions: No government fees, no clearing fees, brokers are compensated or their service through the "bid-ask spread"
*Leverage: This gives the trader the ability to control a large margin with just a small margin deposit, giving the trader an opportunity to make nice profit and at the same time keep risk capital to minimum.
*No one can corner the market.
*Mini and Micro trading: you do not need a ton of money to start trading currency; online forex brokers offer "mini" and "micro" trading accounts, some with a minimum of $250 or less.
There is a whole list of online forex brokers to choose from, but there are questions you need to have answered before you embark on such action.
Give it a click….
sylvester is a certified forex trader with about over 3 years of experience in the commodity market. Visit: www.forextradeanalysis.blogspot.com for more on the forex market