Over the past two years, we have faced one of the toughest periods of our generation. With many major companies around the world affected by the global pandemic, thousands have lost their jobs and livelihoods.
But with not many opportunities available in these challenging times, what can you do to earn some extra income?
This is where forex trading shines; And if you are equipped with the right knowledge, support and platform, you can start generating additional income during your spare time – from your mobile phone, laptop or desktop computer.
What is forex trading, and why should you care?
More than just a get-rich-quick fad, modern forex trading began in the early 1970s. But as digital connectivity has made it more accessible than ever, forex trading has exploded in recent years.
This is thanks to the fact that anyone with access to the internet can easily sign up for an account on the forex platform and start earning some extra income from the comfort of their home! But how does forex trading work?
Simply put, forex trading is the process by which traders buy one currency and sell another in pairs. They can choose to buy or sell a currency as it rises or falls relative to another currency to make profits.
The advantages of trading in the forex market include:
Trading in the forex market is less complicated than in other markets. Simply start with a demo account, and when you are more confident, you can start trading with real money. Best of all, once you sign up for a proven trading platform, you will only need a small capital to start your trading journey.
Since the forex market is open 24 hours a day, 5 days a week, you can trade whenever you want. This allows you to trade after normal business hours, or even during breaks at work.
For those who are getting more confident in forex trading, you can even start trading full time! This means that you don’t need to rely on fixed pay or inform someone else anymore. Wouldn’t it be great to be your own boss?
- Take advantage of the hard times
The global pandemic has disrupted the global economy, causing rapid upward and downward trends in currency values. And while this can be challenging for businesses, you can actually take advantage of these frequent shifts to make quick profits!
How do I start forex trading?
Trading in the forex market is simple. All you have to do is register with a forex broker to start trading. Through this broker, you will be able to make transactions via their trading platforms.
However, with so many forex brokers to choose from, how do you know which one is right for you?
Fortunately, we are here to help you. Here 5 important points To search a forex broker:
Although there are thousands of brokers, there are different levels of security for each of them. Some of them are even illegal websites created to deceive unsuspecting individuals! Always make sure to choose a broker like Forex4you that operates within a regulatory framework.
Make sure you choose a broker who has nothing to hide. Brokers like Forex4 are audited annually by the Big Four Accounting Firm and are completely transparent. In fact, Forex4you displays its operational data and performance statistics on www.forex4you.com for anyone to refer to. With over 14 years in the industry and 2 million trading accounts, Forex4you is committed to keeping its clients’ funds safe by protecting their clients’ funds in top-tier banks.
3: superior customer service
With your capital at stake, a technical problem that cannot be resolved could mean huge loss of profits. It is best to trade with a broker like Forex4you, which offers clients 24/7 support via a toll free number for call, live chat or email.
4: Smooth trading experience
For newcomers to forex, trading can be a complex and confusing experience. What you need is an easy-to-use trading platform with a useful community, easy navigation, useful trading tools, and free educational materials available to all traders.
5: Execution speed and stability.
In forex trading, it is of paramount importance that your trading decisions are executed as quickly as possible. A delay of just a few seconds when you click ‘buy’ or ‘sell’ can cause you to lose money on every trade. Brokers like Forex4, offer near-instant trading execution speeds with no lag to reduce this, and short withdrawal times mean you get faster access to the cash in your trading account.
Forex4you uses its own liquidity pool and order execution software known as MarketPlace to ensure that your order is executed quickly and safely every time.
6: Attractive trading conditions
Try to keep your trading costs low to maximize your profits. This means that you should look for a broker that offers the lowest possible spreads as well as the highest leverage that suits you.
Forex4you offers competitive spreads starting from 0.1 pips and 1:2000 leverage to keep your trading costs low. Furthermore, Forex4you offers either commission-free or commission-based trading accounts with smaller or larger spreads for you to choose from.
Start growing your wealth today!
While these tough times don’t seem to be ending any time soon, that doesn’t mean you can’t do anything about it. With a trusted broker like Forex4you, you can take control of your destiny and start earning your way to success.
Are you ready to start your forex adventure? Start with the right foot at https://www.forex4you.com
Forex trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.