Switching From Stock Trading To Forex Trading

Trading the forex market is something that many stock traders have been switching to do. This is because it is much easier to trade the forex market and much easier to follow. Instead of following hundreds of different companies, you follow only a few major currency pairs. Also when trading the stock market you must keep up with both the economic situation of the countries and the companies, but in forex you must only worry about keeping up with the countries.

When trading the stock market, you also have to worry about paying $6-$10 just to enter into a trade. These costs can add up quick, especially if you are trading the market daily. In the forex market you only have to pay what’s called a spread, which is relatively cheap, much cheaper than the stock markets prices. This allows day traders to make many trades in the forex market on a daily basis and still not to pay much of a commission.

Another great thing about the forex market is that it’s open 24 hours a day. This means that you could be up at 3 A.M. trading the markets and making money. This is something that the stock market cannot boast of. The stock markets limited hours causes it to fluctuate every morning at its open. You do not have this problem when trading forex. The only time the markets are closed in forex are on Saturday and part of Sunday.

In the stock market you can only trade manually. In the forex market you can buy a forex robot and allow it to trade the market for you. A forex robot is a software program that automatically enters and exits trades in the forex market with the intention of turning a profit. Many traders cannot trade the stock market due to the fact that they work while it is open. In the forex market they are given two options, they can either trade manually when they get home from work, or they can have a forex robot trade the market for them 24 hours a day. Many traders used to be rejected to this idea but it has become extremelly popular recently.

If you still trade the stock market, then I bet by now you are considering trading the forex. With so many benefits it is easy to see why the forex market is attracting so many new traders every single day. Oh, I also forgot to tell you that the leverage in forex is very high, you can either trade with no leverage, or up to 1:400. So your profit making potential is extremely high this way, but so is your losing potential.