I started trading because I saw the potential of a business model that was not only passive, but scalable. I was trying my hand at retail arbitrage and decided the process was too slow and cumbersome. The idea of trading for me was to take the buy/low sell high model and adapt it to something that would move much faster. That’s where trading came in for me. What I didn’t realize was the learning curve was so high. Trading is technically and mentally challenging. But I’ve never chosen anything easy in my life. Why start now?
I specifically chose FOREX because the capital needs are much smaller than in other markets. For example, the E-mini S&P 500 requires $50 per point. With the new micro lot sizes for FOREX, I can trade a penny per pip! You tend to lose much less money while trading small position sizes. The math doesn’t lie. I imagine most traders start with FOREX for that very reason. We can learn to trade without having to risk our life savings.
I prefer the FOREX market still. I’ve tried other markets, but I’ve gotten so used to trading currencies, I come back to it over and over again. Besides being able to trade small, I like the advantage of being able to weigh one currency against another. This is an advantage that is unique only to FOREX.