Three Reasons Why Trading on the Forex Will Soon Be As Popular As Stock Trading

by Trading 101     Jul 16, 2019

For decades, the driving force of the American economy was stock trading. It was the way to build a fortune, and those who had luck on their side could become millionaires seemingly overnight. People invested their entire life savings into the stocks, and when the crash of 1929 hit, the American economy itself was left in shambles. Though we as a people have grown past the Great Depression through government-incentivized initiatives and stricter loaning regulations, the American stock exchange never truly regained its place in the center of nearly everyone's lives as it previously had been thanks a cultural hesitation to ever return to such a dark time in history. Now, a new player has entered the world stage, and it's taking Americans and traders all around the world by storm: Forex trading.

If you have ever thought about becoming an stock trading investor yourself, know that a smarter move may be investing in the Forex trading market. Forex trading will soon be just as popular as stock trading, and here's why.

1. The Forex trading market is more flexible. If you want to start stock trading on the American market, you'll have to do so during the limited hours in which it is open. This excludes most people from trading on the stock market because it is only open from 9 to 5 on Monday through Friday. On the other hand, the Forex trading market is open 24 hours a day 6 days a week, meaning that you'll have more flexibility in deciding when and where you want to trade.

2. The Forex trading market has more money in it. The average daily trading value on the New York Stock Exchange is $169 billion. While that's certainly nothing to sneeze at, the average amount of currency that is traded every single day runs circles around the stock exchange, to the tune of $5.3 trillion according to a report from Business Insider from 2016. More money moving into and out of the Forex trading system means more opportunities to grab a slice of the pie.

3. The average American is getting more tech-savvy. While this point applies to both the Forex trading sphere as well as the world of stock trading, the Forex market in particular is driven by technology. Gone are the days of wildly waving bid forms in the middle of Wall Street; now, Americans are showing that they prefer to do their trading from the comfort of their own home. And with an ever-growing list of Forex trading brokerages catering to the American public, there's no doubt that the market will continue to rise in power and strength.

There's never been a better time to dive into the world of Forex trading and start building your fortune. However, before you hop into the market, you'll have to get the skills and knowledge that you'll need to get started trading profitably. Get on the road to a brighter future for you and your family today by signing up for a free account with Trading 101. You have nothing to lose and only a wealth of knowledge to gain!

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