We spoke to Casey Stubbs, the founder of Winners Edge Trading, to learn about foreign exchange agen bola sbobet trading.
While foreign exchange (forex) trading is known to be a lucrative business, it requires training, practice and patience.
The forex trading market has more liquidity than other markets. One can make a sale at any time to get their cash back.
You must be well aware of what is happening in the market before investing. Market setup has a direct impact on prices in forex trading.
Foreign exchange trader Casey Stubbs came to his profession via the U.S. Army. While this route might be unorthodox for an investment expert, the founder of Winners Edge Trading credits his time in the service for giving him the discipline and self-control necessary for success in trading. Through years of studying, practicing, making mistakes and persevering through difficult times, he has honed his forex trading skills and is eager to share what he’s learned with others who want to jump into the market.
We caught up with Stubbs to learn more about getting started in forex trading.
Q: What is forex trading?
A: In short, foreign exchange trading is buying and selling different currencies. It is the idea of investing in certain countries’ currencies that you expect to gain in value by selling your own currency. In other words, you may sell some U.S. dollars for some euros if you believe that the euro is going to gain in value. This is done through an online broker.
Q: What are the advantages of getting involved in the forex trading market?
A: There are tons of advantages to forex trading. To name a few …
It has more liquidity than any other market.
It can be traded 24 hours a day.
It allows you to use an exceptional amount of leverage in your trading.
There are only a few currency pairs that you need to follow (rather than thousands of stocks).
The forex market has a lot of volatility (moves a lot), so there is a lot of profit potential in it every day.
You can trade forex with a relatively small account.
There are no commissions in trading forex.