Majority of the smart traders knows the success rate in the Forex market is very low.
According to the latest statistics, only 5-10% of the traders are successful. So why do people still want to trade the market? The answer is very simple and logical. Professional brokerage firms like ETX Capital is offering high leverage trading accounts with easy access to the online trading world. This has made trading much more easily for the retail investors. But this is not enough to convince such a huge group of people to involve in such a risky business. Let’s learn some of the key facts for which people still want to become a professional trader.
Be your boss
We all have the experience to follow commands from our superiors. From our birth, we are being dominated by the superiors. For instance, the children are always under the guidance of their parents. Similarly, when it comes to professional industry, you will understand the chain of command. But the investment industry or Forex trading profession is totally different. Here you will be your boss. No one will give you orders to trade the market. You will do the market research and find the most profitable trades. If you lose money, you are the one responsible for this loss. The trading profession will give you the perfect freedom in this competitive world.
The sky is the limit
Learning the art of currency trading is very challenging but once you nail it, you can easily earn huge amount of money. Most importantly you don’t have to invest a huge amount of money to secure your financial stability. Most of the time the retail traders take a huge risk and blow their trading account. But Forex market is only profitable for the perfect investors. You have to assess the risk factors and find the best trades in favor of the trend. Once you have your strategy, you can easily earn huge amount of money. There is no cap on your profit factors and you can easily change your life within a short period of time. But if you start with a small investment, be sure you set realistic expectations from the market. Never take too much risk in any trade even though you have strong feelings about the market sentiment.
Easy access to the retail trading industry is one of the key reason for the trending popularity of Forex trading profession. You don’t have to sit for an interview to open an online trading account. You can easily fund your trading account with the reputed broker with the basic documents. Most importantly you can trade the market anywhere from the world. You won’t have to go to an office to execute the orders.
Free from manipulations
Forex market is extremely big and every day more than 4.5 trillion pounds is traded all over the world. It’s not possible for a certain individual to manipulate the price movement of the financial instrument. You have can be sure this market is free from manipulation and if you can do the perfect technical analysis, you will have profitable trades most of the time. Finding such a business sector in today’s world is very hard.