Have you noticed that the majority of your friends are trading in the forex market
or have expressed interest to trade in the forex market? If yes then it is because they have noticed that the forex market has the power to make them millionaires overnight. Forex trading has been around for many years and it is still growing stronger. In fact, its popularity in 2019 is at its record high. So the big question is, why is forex trading still growing in popularity in 2019? Some people say it is because of the high rate of unemployment but that is not true. Millions of people across the globe have quit their well-paying jobs just to focus on forex trading. This clearly shows that unemployment is not the main factor why forex trading is growing in popularity. In this article, we are going to give you reasons why forex trading popularity has increased even further in 2019.
1. Markets are open 24 hours, 5 days a week
One of the main reason why forex trading popularity is increasing by the day is because it gives traders a chance to trade both during the day and night, 5 days a week. This means that traders have the flexibility to trade at their most convenient time. The fact that it is open 24 hours means that you can do other important things when the markets are not so active then get back to business during peak trading hours
. The fact that the forex market is global means that the market will always be open 24 hours. This is a very lucrative feature that has attracted many people to forex trading. You can also trade for as long as you want.
2. It is profitable
If the forex market was not profitable, then it would be long dead by now. The fact that it is getting more and more popular by the day means that it is profitable. Over US$5 trillion is traded each day, making it the largest financial market in the world. If you come up with good strategies, then you can make good money that will transform your life forever. In fact, the money that you can earn in a single trade can be more than what you would earn in your entire career. Although it will take time to master the art of trading, once you become a pro, then you will smile all the way to the bank. Access to multiple training courses has also made it possible for beginners to earn good money from forex trading. With forex trading, you can earn as much money as you want. You have the power to determine how much to be paid.
The mechanics behind forex trading is simple. You acquire an asset at a favorable price then sell them at a higher price to earn a profit. The volatility of the forex market is what has made it so lucrative to traders. The more volatile the market is, the higher the chances of making good profits. Experienced forex traders usually take advantage of forex market volatility to earn huge amount of profits.
Forex market is more accessible than any other online trading market. Unlike other financial markets that require high capital to start trading, forex trading allows you to trade with as low as $100. Another great thing about the forex market is that it is easy to sign up and start trading from the comfort of your own house. Most best forex brokers operate online
meaning that all that you need to do to register is submit your documents then deposit the amount that you would like to start trading with. That’s all. You can also trade from any part of the world. All that you need it to access the internet and a device to access your trading account.
5. Access to educational materials
Unlike the past where forex trading only belonged to the chosen few, nowadays any person who is passionate and willing to learn can venture into this lucrative industry and earn good money. Thanks to easy access to educational materials and programs, novice traders can learn the tricks of trading within a short period of time. That alone has attracted many people to forex trading. In addition to that, forex brokers, like AvaTrade
in UK, usually provide educational materials to help enhance the knowledge of novice traders.