Online Forex Trading Hype
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Why All the Hype About Online Forex Trading?
Everybody seems to be talking about this spectacular investment opportunity. There was even a guy who flew all the way from London to Nairobi to hold a seminar for beginner forex traders in Kenya!
The forex market is incredible, and if you have not yet made up your mind about investing in the forex, there was never a better time than this.
Before I show you how you can start investing in online forex trading, allow me to first of all show you why this is the best place to put your money. Investing in online forex trading is the real definition of having your money work for you.
For starters, the forex market is the largest financial market in the world with a daily turnover of around $4 trillion. With such a vast amount of money traded daily, it becomes increasingly easy for you to make a tidy sum of profit each trading day.
No middle men: If you’ve tried to invest in stocks (especially on the Nairobi Stock Exchange), you know how cumbersome the whole process of opening a CDS account, buying and selling shares can be. You’ve to make a call to your broker ever time you want to buy or sell stocks. Online forex trading does not have this cumbersome process. You open an account with your favored broker, deposit funds into the account, and you are on your way to profs. You can do all this without ever having to leave your house.
Low startup capital: You can start trading online capital with as low as 500 Kes! Yes, that’s not an exaggeration. Some forex brokers will even give you a little boost on your account. With such low intial capital, there is no reason why you shouldn’t invest in the forex market.
Leverage: Remember my explanation of how you can start trading forex with ridiculously low amounts of money? That is because of leverage; an exclusive characteristic of the forex market that allows you to control huge amounts of money with very little deposited capital. Some brokers offer leverage as high as 1:1000 meaning that with a deposit of 100 USD, you can control trades worth 100,000 USD!
There are many more incredible reasons why you should invest in forex. Did you, for instance, know that there are more free stuff to help you become a better forex trader? An example is this website and my 7-day free crash course on forex investing. Plus all forex brokers available online offer demo accounts that you can use to practice what you’ve been reading.
Next, I’ll be showing you how you can start trading online forex. See you on the next page.