Why trade forex

There are some tremendous advantages:

1)The barriers to entry are low, basically means you can start with a few hundred dollars to fund an account and buy a course.

2)No staff, no offices, no stock (to buy, hold, insure, sell) and very little equipment. You need a computer and an internet connection.

3)The bank will lend you money ie you can leverage your account. Ever tried borrowing money from a bank after a financial crisis? You have to be very, very strong financially or the answer is no.

4)Its portable, you can take this anywhere in the world.

5)It's flexible, choose your hours and no commute to work. You're the boss.

That however means there are some dis-advantages:

1)Low barriers to entry ie it didn't cost much to get going may mean you don't put in the effort necessary to make it work.

2)You may want (need?) to make it all happen tomorrow or see this as a quick fix for other (financial?) problems.

3)Think it looks so easy, jump in all over the place and lose money. Ever wondered why top sportsmen have coach's and mentor's. The mental side of trading is crucial.


Get this business right and potentially you have a great opportunity, if you can get that idea right in your mind at the start and put in the effort you'll have an advantage. It takes work (well at least it did for me).