Part 2

The forex market is probably the only global market that operates on a true 24 hour trading basis. Whilst you could probably place orders for positions on stocks and some futures after the markets are closed, and although this technique does extend your ability to reserve positions, it is very different from physically trading for 24 hours.

The associated lack of liquidity and the imposition of many restrictions on orders, practically negate any practical benefit you could potentially derive from this concept. For instance, with futures, the restrictions on the types of trades you can make will hurt your chances of protecting your positions.

With the forex market open all the time, you don’t have to wait for your own time zone to begin trading. Any trader in one time zone can execute orders and benefit from trading forex in any other time zone. Consider the flexibility you get: if any news has hit the stands, you can immediately begin trading on the news and making the most of it.

With 24 hour trading, you have the opportunity to earn the income you desire. It will however depend on how much time you are willing to invest trading in the forex market. If you want to up your earnings, you can work as long and as hard as you wish to.

By putting in the extra hours into the forex market, it should not be all that difficult for you to get a head start from the rest of the pack. The two hours you may be spending currently on watching the charts at night, could just as well be spent on trading forex – and rewarding you with some gains in the process. Admittedly, it could also translate in losses – but then, that is the nature of the beast.

The volatility of the forex market could see you rake in losses just as fast as you rake in profits. The ability to trade whenever you want could make you a little over-zealous: you may begin to trade even when fatigued and fatigued traders make a lot of mistakes.

There are several benefits to forex trading - the most compelling of which is the ability it affords a trader to trade, 24 hours a day, for five and a half days a week! There is no question in my mind: The challenge of 24 hour trading is an alluring prospect. A prospect to achieve the bottom-line goal of trading: PROFITS.

Click here for part 1