Retiring can be a stressful period as – for possibly the first time in your life – you’re entering a stage of your life where you will be making no money whatsoever, meaning you have no safety net if something goes wrong. However, retirement shouldn’t be stressful, it should be a happy time; a celebration of how hard you’ve worked throughout your life to not have to worry again financially. So if you’re feeling stressed about your lack of capital, would like some financial security and don’t have a huge amount of money to invest, then investing in foreign currency could be the answer. Interested? Here’s a little background about Forex trading to get you acquainted. An interesting and unique quality about foreign exchange is that there is no central marketplace for foreign exchange which means that all transactions occur via a computer network between traders and the world. So, rather than just operating on US time, currencies are traded 24 hours a day, when the market for US currency exchange closes, because of the time differences the forex market in Tokyo opens. Also, currencies are actually traded in pairs, like the US dollars against the Australian dollars, so basically when you’re trading, you’re betting that one of the currencies will go up and the other will go down.
Here’s a few reasons investing and trading in Forex can be a great idea to help support you in your golden days.
The largest financial market in the world
An average of $5 Trillion is traded every day. With that type of Trading Volume, somebody, somewhere, knows how to extract consistent profits from the market. Yet, it is said that 95% of all traders fail miserably. Keep in mind that money is never really lost in the markets. It simply changes hands from those that are not skilled at trading to those that are. So, if 95% of all traders lose money… what kind of money are the 5% ELITE making?
New income opportunities
A new era is emerging in this space that now gives regular folks a real shot at achieving financial independence. We are talking about the fact that it is now possible for those with zero trading experience to win in this space by not only having a Professionally Traded Managed Account (where trading is done on their behalf by skilled traders) but also to partner with a Forex broker and share a portion of their profits in winning and losing trades. This represents a paradigm shift in the Forex market that provides additional income streams previously inaccessible to the average investor.
There’s no minimum spend
If you’re not willing to risk a lot of money – or don’t have a lot of money to invest – then forex can be the perfect fit. Because you’re literally buying foreign currency, you can spend as much or as little as you like. If you think about other investments, like starting your own business, it takes a huge investment of capital in the beginning. However, with Forex you can start with as little as a few hundred dollars! Of course, the returns will be higher on bigger investments but that’s something you can work your way up to when and if you feel comfortable.
Information is easily accessible
Thanks to the internet, learning about forex – things like how much, when and where to invest your money – is just a click away. The internet is full of training materials online that can introduce you to the market and teach you necessary terminology like hypergrowthFX (Check out our product review on pages 6-7). Through online brokerage firms, there are even demo versions that you can ‘play’ with fake money so that you can learn the ropes before investing your real, hard earned dollars.