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Saturday, April 18, 2009

7 More Reasons to Trade Forex

In my first article “Why I Trade Forex and You Should Too,” I listed six reasons why the Forex market has great potential for traders. In case In case you weren’t convinced, here’s seven more reasons I trade Forex and you should too:


* • Although volatile, currencies tend to show strong trending characteristics which lend themselves to successful short- to medium-term trading
* • Great way to make money in down markets
* • Currencies not connected to stock market. Thus they may go up while stocks go down
* • Can play both up and downtrends
* • Faster profit potential than is often possible in options
* • Currency market immune to the kind of market manipulation that can occur in the stock market
* • Overall, more accurate analytic tools available and better risk management possible

So there ya have it – Seven more reasons to trade Forex. Wanna know more? Click on the free ebook in the sidebar for a free Guide to Forex Basics. Then, open a paper account, practice for a while, and see what ya think.

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