Reasons Why You Might Want to Invest in Forex - The Southern Maryland Chronicle
Reasons Why You Might Want to Invest in Forex - The Southern Maryland Chronicle |
- Reasons Why You Might Want to Invest in Forex - The Southern Maryland Chronicle
- Trust Dollar Rally for Now, But Bears Will Be Back By Investing.com - Investing.com
- How to become a millionaire by investing in Forex Trading - InvestorIdeas.com
| Reasons Why You Might Want to Invest in Forex - The Southern Maryland Chronicle Posted: 18 Jun 2021 08:46 AM PDT In recent years, forex trading has become far more popular than ever before. It is now the most highly traded market, far outperforming stocks and shares, for example. This is partly down to its newfound accessibility, with many traders starting their investment journey through apps and online platforms. Whether you've traded forex or not before, you may be starting to wonder whether it could be right for you. It probably can! In this article, you will receive a little more information on what forex trading is and some reasons why you may want to invest in forex yourself.  What is Forex Trading?Simply put, forex trading is buying and selling currencies in a bid to make a profit. You will buy one currency in exchange for another in the hope that its value is increasing or about to increase. Currencies from around the world are traded against each other, with over $5 trillion in trades being placed every single day. How Does it Work?As mentioned, currencies are traded in pairs. This is the key thing to understand. Unlike buying stocks or shares, where you can simply buy one and hope for the value to increase, you must sell a currency in order to buy a currency. So, each trade is the sale of one currency and the purchase of another concurrently. These pairs are quoted in the format of a base currency and a quote currency, such as EUR/GBP. In this pair, the Euro is the base currency and it will be sold in order to buy the quote currency, the Pound. You would do this in the hope that the value of the pound is increasing, giving you more value in your base currency when returned. Can You Do It?Short answer: yes! Anyone can start trading forex with a relatively small amount of money. If you are confused about it all and want some help, there are great resources out there to help you, this beginner's guide is one great example. All you need is to choose a brokerage, set up an account and start trading. One solid piece of advice that all beginners need to start out with is to do plenty of research. You should spend a large amount of time studying the currencies you wish to trade, as various events and reasons can cause the prices to fluctuate. Studying each country's socio-economic climate, political events, GDP and more will all help you make informed decisions when it comes to trading. Don't trade blind and hope for the best, do your research.  Reasons to InvestAll sounds good so far, right? There are plenty of good reasons why you might want to start investing, here are a few more of them… ? It's Easy to StartAs previously mentioned, it is super easy to start your journey with investing. Much like with stocks, investment accounts, or savings accounts, you can sign up online and create your own investment portfolio quickly. You may need to provide some proof of identification to get started, but aside from that, there's not much to it. Choose a broker and get started. ? High Market LiquidityThe forex market is the largest and most liquid market in the world. What does this mean? Well, high liquidity means that it's relatively easy to buy and sell, usually for a very low cost or fee. This means that you can put your money in and get it out again just as easily. It also means that you can enter a trade with a relatively low risk of the price fluctuating too much before your trade executes. ? Brokers Provide Educational ResourcesIf you are still a little daunted by the whole idea, fear not. Many brokers actually provide their traders with educational resources. As you work through the app or platform, there will be guides and explanations of what every feature means, meaning you don't have to worry about understanding everything right away. Lots of these brokerage accounts also offer free educational articles, videos, and training in how to properly research and execute trades. For beginners, this is another great reason to start working with forex. ? You Can Make Good MoneyNow, there's always a risk with trading. While you definitely can lose money-making trades, the opportunities are there to make a great profit. If you study well and pay close attention to markets, there is a good chance of making profits on each trade. Lots of forex investors start as hobbyists and end up making such good profits that they turn forex trading into a full-time income stream. ? It's Almost Always AvailableOne of the great things about the forex market is the availability of the market. It trades 24/7 for almost six days a week. This is due to all the time zones sharing one market. So, as the market opens on Monday morning in the east, trading begins. It doesn't close until Friday night in the western hemisphere, meaning it is a very flexible marketplace to get involved in. If you want to trade in your evenings or at night, you have the opportunity to do so. This is not possible with the stock market which operates Monday through Friday during office hours only. ? Trustworthy Brokers are Easy to FindWhen trading forex, you need to use a broker. This is the platform, app, or company you decide to invest through. These brokers hold your money and execute your trades on your behalf when instructed to do so. The great thing is, all of these brokers are financially regulated. This means you can trust that your money is being dealt with safely, professionally and legally. Finding a trustworthy broker is easy, just look for their accreditation and financial regulation information on their website. Investing in forex is a great way to start investing. It's easy, accessible, flexible, and massive as a market. There are great opportunities for education, profit, and long-term investment potential. It is for these reasons that starting your investment journey with forex is a great idea.  |
| Trust Dollar Rally for Now, But Bears Will Be Back By Investing.com - Investing.com Posted: 18 Jun 2021 12:16 PM PDT  © Reuters.By Yasin Ebrahim Investing.com – The dollar's sunny days are set to continue for quite a while, but the Fed's path will eventually turn murky again to bring the bears out of hiding. The , which measures the greenback against a trade-weighted basket of six major currencies, rose 0.35% to 92.2, and looks set to notch a third-weekly gain. "Admittedly, the current moderate USD strength may continue for quite a while," Commerzbank (DE:) said in a note. The positive remarks come just days after the Federal Reserve kept its benchmark rate on hold, but released projections showing rate hikes in 2023. "After publication of the latest FOMC projections, the dollar was able to gain significantly," [even as] the OIS market has been pricing in a first Fed rate hike in 2023 for some time," Commerzbank said. But liftoff could occur even sooner, according to St. Louis Federal Reserve President James Bullard. "I put us starting in late 2022," Bullard said Friday during a TV interview on CNBC. "[M]y forecast said 3% inflation in 2021 -- core PCE inflation -- and 2.5% core PCE inflation in 2022." "To me, that would meet our new framework where we said we're going to allow inflation to run above target for some time, and from there we could bring inflation down to 2% over the subsequent horizon," he added. The hawkish tone from Bullard didn't spook the bond market as the bid remained in place, but yields are expected to eventually move higher, albeit gradually, and that will add another tailwind for the greenback. "We expect the yield on the 10-year Treasury note to gradually rise into the 2.25% to 2.75% range by YE 2022 from the current 1.5%," Wells Fargo (NYSE:) said in a note. "The U.S. Federal Reserve's near-zero fed funds interest rate target is unlikely to change over the coming 18 months, but at some point during this time period, our central bankers will likely start to hint that they will begin reducing (or "tapering" in Fed-speak) the amount of bonds they are buying in the open market each month from the current $120 billion," it added. But for those hoping this could be end of the bear market for the dollar, think again. The dollar's fate is tied to the Fed's policy measures and the central bank's outlook on inflation. This outlook may need to be revised when winter comes calling as the inflationary pressures could abate. "Only when inflationary pressures ease significantly again in the fall and winter […] should the Fed start to worry again that permanent re-inflation might not materialize after all," Commerzbank said. "This should make Fed normalization seem less certain again and weigh on the dollar again. We expect the dollar to weaken again from then on." Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.  |
| How to become a millionaire by investing in Forex Trading - InvestorIdeas.com Posted: 16 Jun 2021 09:10 AM PDT June 16, 2021 (Investorideas.com Newswire) A lot of people are still wondering whether the trading of forex can make them rich. The trading of forex has been going on for a long time, as a quick and lucrative way of making money. Forex trading offers a unique opportunity that allows traders to make an unlimited amount of money based on their staking amount and prediction. A lot of people are making millions of dollars by investing in forex trading and there's a barrier limiting you from doing so. All you have to do is trade forex with the right strategy and get rich. There's a list of forex brokers in USA that offers a series of educational tools for profitable trading. However, when trading forex, you should keep in mind that there's a risk of losing your capital at any time. 1. Learn How Forex Trading Works To become a millionaire from forex trading, you need to learn how it works. Play with the forex market by buying and selling currency pairs of your choice. Learn and understand what works for you to make a profit. Understand that your profit depends on the market price movement. Know when you need to buy and when you need to sell. 2. Set up a Forex Trading Account Set up a forex trading account on a popular broker like fp market. Is fp market the best broker? Fp market is a regulated broker that provides trading services to beginners and professional traders. Research and determine a suitable broker, which provides all the trading tools you require to maximize your profits. Once you have determined the perfect forex trading broker. Create a trading account, deposit, and start trading. If you are familiar with trading strategies, then it's time to monitor all aspects of the currency markets for accurate results. Most famous brokers like fxtm trade offer a demo trading account which can be useful for test trading. Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions.. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. This article is a third party guest post published content and not the content of Investorideas.com. Learn more about posting your articles at http://www.investorideas.com/Advertise/ Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp  |
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