Jul 18th, 2008, 05:54 PM
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#90 (permalink)
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Level: (10) Toyota
Joined: Apr 2008
Age: 36
Posts: 142
Thanks: 15
Thanked 6 Times in 6 Posts
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Re: any active forex traders here???
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I like it because of it being 24 hour market. I work when the NYSE is open so that is out. I do not know enough about options or equities. I assume they are profitable.
Another reason is the low capital you can start with. I opened an account with only 500USD. I am up 21usd. Not a lot but though componding and using this as a savings account this will grow quickly.
I also like the liquidity. almost instananeous. I know I can put my money back into my bank account within three days. Try doing that with real estate.
Also the number of pairs is low. in a mini account you only have about 20 options to choose from. I don't have to sift through thousands of companies to find a gem like the stock market. Just have to keep track of global events which I enjoy doing anyway.
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Good post Eagle!
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