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Best Market to Invest In
Did you ever wonder which market was the best to invest in? There are so many to choose from. There's stocks, bonds, commodities, mutual funds, real estate, FOREX, ect. To be completely honest, not any one of them are the best. They all have their purposes and they all should be used. But depending on your goals, there can be one that is the best fit for you. If you already have a couple million dollars saved up and you just want to keep that money protected with returns around 5-10% a year, bonds and mutual funds would probably be a good option for you. But if you'd like to make investing your main income source and to possibly build a multi million dollar empire, FOREX would be the best bet for you. There are several reasons for this but we'll get into that later.
So what exactly is FOREX anyway? FOREX is the Foreign Currency Exchange market. Even though the FOREX market may be relatively unknown, it is by far the largest market. Around $1.5 trillion dollars are traded each day! That's right, each day. That was not a typo. That's 30 times larger than all U.S. equity markets combined! And this market isn't leaving anytime soon. It is the reason you can buy foreign goods in your own country, vice versa. So what makes this a better market than any of the other ones?
1. Free Accounts
Many brokerages offer free demo accounts. You can first learn on these accounts and refine your trading skills before ever investing in the market.
2. Starting Capital
You don't need a lot of money to get started with FOREX. You can open up an account with as little as $300.
3. Leverage
The FOREX market offers a leverage of 100:1 and in some cases higher. That means if you invested $100 you can actually control $10,000! That's 100 times what you invested. This is how you make the really big money.
4. Software
There's free software out there that offers live price feeds, charting, and indicators.
5. Convenience
There is no centralized exchange location. Everything is done electronically and can be done online 24 hours a day. There are no trading hours, but no trading can be done on the weekends.
6. Focus
FOREX is a huge market, but 85% of the trading is done between 7 major currencies. You're not overwhelmed with 1,000s of different options.
7. Trading Costs
There are no commissions. Therefore, transaction fees are very low.
I'm sure by now you can clearly see the advantages FOREX has over all other markets. It is by far, the best market to get started in. The earnings you make from the FOREX market could then be used to diversify into other markets.
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