An incredible benefit of the forex industry is that today all forex brokers allow traders to open free demo accounts. This means that the trader can test his strategies without risking a single dollar! In fact, I always test my trading strategies before going live. I make sure they work before risking real money. I know of no other business opportunity that allows you to see if it works before you spend money…
You can do the same thing with stocks and options on sites like Investopedia.
There are plenty of other businesses that you can try out before you do it yourself. If you want to open a pizza shop, go work at a pizza shop for a while and get paid to learn.
It’s correct conclusion…but with forex trading you don’t need to leave your home and have possibility to make a great business with working just a few hours/day…
I can open up a super-store and make a lot of money out of it, but the sooner someone else open up similar store my profit will somewhat reduce. And if another open up the third similar store, my profit will reduce even more. But all people in my town can trade GBPUSD, my profit won’t be affected by it.
For my super-store to make money, I have to buy merchandises prior to sell them and make profit. In forex I can sell without buying anything beforehand.
I don’t have to hear motherload of ****s like, “I got better price in Store So and So” prior to sell anything in forex.