The best thing you can do right now is to become a Forex trader. If you are really cool at your studies and want to make some profit and become an entrepreneur, there is no way than to become a trader.
Why am I telling you this?
First, you have wasted your valuable time and in 25, you don’t have any experience with a job or anything. If you do trading, you can feed yourself and your family also. Or, if you grab a job, who knows when you get success. But in the case of forex trading, if you worked hard and consider making money on forex, then you can really make a good result.
Before starting forex trading, you have to know why you do the forex things? Here are some advantages of forex trading:
It’s a Large and Global Market - When it comes to the benefits of trading forex, its sheer size and scale sit at the top of the list. As the world’s largest financial market, in excess of $5 trillion USD is exchanged on average per day. Traders in all corners of the world are buying and selling currency pairs at all hours, making forex a truly global marketplace with plenty of scope for profitability.
It’s Good for Beginners - Accessibility is one of the biggest advantages of forex trading. Compared to other markets, it is relatively easy to enter and does not require a large initial investment, explaining its popularity with hobbyist traders. However, regardless of the amount of capital you put down, successful trading takes knowledge and skill. Free demo accounts allow you to practice trading forex without risk, essentially providing a ‘try before you buy’ test run.
Trade 24 Hours a Day - The rolling hours of the market are another of the main advantages of forex trading. The foreign exchange takes place over-the-counter, meaning transactions are made directly between trading parties, facilitated by a forex broker. You can trade 24 hours a day, 5 days a week.
Low Transaction Costs - Not only does the forex market require little capital for entry, but there are also low transaction costs once you’re in. Typically, brokers make money from spreads, which are measured in pips and factored into the price of a currency pair.
Leverage - Of all the reasons to trade forex, the availability of leverage is perhaps the most appealing as it allows you to open a high position with a relatively small amount of capital.
High Liquidity - In trading terms, liquidity refers to the ease with which an asset can be bought or sold with a limited effect on its value. In a nutshell, this depends on how active a particular market is. The global scale of foreign exchange combined with the high volume and 24-hour activity. make the forex market the most liquid market in the trading world.
You can Buy or Sell Currency Pairs Depending on the Market - The ultimate goal of any form of trading is to buy low and sell high, turning a profit on your initial investment. One of the benefits of forex trading is that you have the option to either buy or sell currency pairs depending on the state of the market.
It’s Well Regulated - As it takes place in a global and digital landscape, the regulation of foreign exchange is no easy task. Thankfully, though, this works in a trader’s favor and can actually be considered one of the advantages of forex trading. Since there’s no centralized exchanging system, independent bodies are responsible for the regulation in respective countries. In the UK, this role falls primarily to the Financial Conduct Authority.
So, what is your plan? Think and then take a decision. But remember one thing that, Good things never return twice. If this time you do nothing, you can’t do anything in any of your lifetimes.
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