Part 1

The forex market is a truly astounding phenomenon. Within a relatively short time span of 30 years, the forex trading industry has developed from almost nothing to a $1.9 trillion market every day. The main reason for this mind blowing value is that forex traders have the ability to trade 24 hours a day.

You may have heard many people extol the virtues of day trading in stocks and they are not wrong. But, if you come to think of it, day trading stocks for those of you holding down a 9-to-5 job is kind of difficult and risky.

Between rushing off to work in the morning and scrambling home after work, having dinner, bonding with the rest of the family, and spending perhaps two hours looking at the charts, there isn’t really much time left for trading.

Keeping a hawk’s eye on your trades during the day, could also prove to be difficult. You may be too late to exit a trade on time or fail to enter a trade at the right moment due to work commitments. This is not an ideal situation at all.

Forex trading is an entirely different kettle of fish – and who knows, perhaps a viable alternative. The forex market is open 24 hours a day, five and a half days a week. With the exception weekends, there is no such thing as an opening and closing bell. The forex trading schedule allows you to work as long and as hard as you need to, in order to achieve the outcomes you desire. Instead of spending two hours at night studying the charts, you could spend those hours trading in forex.

The forex market has excellent liquidity. At any given point in time, you will discover a multitude of people present online - buying and selling forex. This presence, plus the vast amounts of money in the forex market, guarantees that you will be able to exit a particular position whenever it is that you want to. You can enter or exit the forex market in almost any circumstance at any time of the day or night, without worrying about getting stuck in a trade for too long.

Click here for part 2