Stock market trading and personal finance is something that compliments each other very well. Many people do not trade the stock market themselves but most likely the money that's in their retirement fund is being traded in the stock market.
The stock market has been around for quite a while now and has defined many people over the years. Many fortunes have been lost and gained in the stock market, and many people stress every day over the market movement.
I used to believe that I wanted to be a stock broker as my job. I would even watch Jim cramer and pretend that I was using my own money to trade stocks. I would watch the price movement of the stocks I bought from day to day to see if they had gone up or down. It was very exciting to me and I loved doing it. It's thrilling to gamble your money away.
People who are making money in the stock market would argue that it's not gambling, and I would agree with them, but to the general public it's gambling. This is because the general public doesn't have the knowledge needed to make good decisions on stock picks. It's mostly just pick and guess for them.
Recently the currency trading, or "forex", market has become very popular. There are many various reasons that it's becoming so popular. One of them is that the forex market is open 24 hours a day, 5 and a half days a week. This allows people who have day jobs to be able to trade whenever they want to. It allows them more freedom as to when they want to trade.
It's not easy for someone with a day job to trade the stock market due to it's hours, so the 24 houra day accessibility of the forex market makes it much easier to trade for those with day jobs. Forex traders realize that it's much easier to trade forex than stocks.
The stock market has been around for quite a while now and has defined many people over the years. Many fortunes have been lost and gained in the stock market, and many people stress every day over the market movement.
I used to believe that I wanted to be a stock broker as my job. I would even watch Jim cramer and pretend that I was using my own money to trade stocks. I would watch the price movement of the stocks I bought from day to day to see if they had gone up or down. It was very exciting to me and I loved doing it. It's thrilling to gamble your money away.
People who are making money in the stock market would argue that it's not gambling, and I would agree with them, but to the general public it's gambling. This is because the general public doesn't have the knowledge needed to make good decisions on stock picks. It's mostly just pick and guess for them.
Recently the currency trading, or "forex", market has become very popular. There are many various reasons that it's becoming so popular. One of them is that the forex market is open 24 hours a day, 5 and a half days a week. This allows people who have day jobs to be able to trade whenever they want to. It allows them more freedom as to when they want to trade.
It's not easy for someone with a day job to trade the stock market due to it's hours, so the 24 houra day accessibility of the forex market makes it much easier to trade for those with day jobs. Forex traders realize that it's much easier to trade forex than stocks.
2 comments:
Hello Everybody,
I've created a list of the most recommended forex brokers:
1. Best Forex Broker
2. eToro - $50 minimum deposit.
Here is a list of money making forex tools:
1. ForexTrendy - Recommended Probability Software.
2. EA Builder - Custom Strategies Autotrading.
3. Fast FX Profit - Secret Forex Strategy.
Hopefully these lists are benificial to you...
Hello Everybody,
"Which Forex pair and time frame is best to trade" is the frequently asked question and I want do give you the EXPLICIT ANSWER in this comment.
Are you expecting that I am going to say something like EUR/USD on 15-minute time frame or GBP/USD on weekly...? No, it is not so simple, but SIMPLE ENOUGH we can figure it out!
The "DIFFICULTY" is that markets change over time. If GBP/USD was a well trending currency pair a few years ago, today it is another one.
I actually want to let you know about a SPECIAL INSTRUMENT that I use to find the BEST TRENDING PAIRS among all the Forex pairs.
GET IT HERE: ForexTrendy
The instrument inspects 34 Forex pairs on all time frames from minute to monthly. This way you choose the best trending pair and time frame at the current time.
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