Why FX trading is mind boggling?
1. Low entry cost - 1000$ ... 70,000 Rs ... Even a road side beeda shop needs more investment ...
2. Low Logistics - Decent Comp with 2 GB ram, 1 MBPS net speed is enough ... Again road side beeda shop needs more logistics ...
3. 24/5 market - anybody and everybody can trade, whenever 1 is free. Stock markets work only 9 hours ...
4. 24/5 market - No daily gap up / gap down ...
5. No contract period - Can keep a trade open for very very long long time
6. No additional costs like storage, transportation, wastage, packing etc ...
7. Do not need to wait for any customer ... Trades are directly executed with banks ...
8. No need to give any credit ... Most businesses are run on credit ..
9. No qualifications required ... Lotta common sense is what needed ...
10. High leverage - Brings cost / trade down ...
11. Very less commission compared to stocks, options & MCX
12. Very high Return On Investment (ROI)
As far as the funding and all important withdrawal is concerned, I use both Local bank cash deposits / RTGS / NEFT / IMPS and cash transactions as well ... Since 9 years and I never faced any issues till now ...
As far as IT is concerned (Lotta people keep worrying about this, even without a live trading account or with 100$ account), I trade 70,000$ worth of accounts spread between 3 different brokers and my auditor takes care of all my IT filing and I have never faced any issues from IT department also ...
If any one wants serious help / advice reg FX trading, I'm more than willing to help ...
Stay in Green ...
1. Low entry cost - 1000$ ... 70,000 Rs ... Even a road side beeda shop needs more investment ...
2. Low Logistics - Decent Comp with 2 GB ram, 1 MBPS net speed is enough ... Again road side beeda shop needs more logistics ...
3. 24/5 market - anybody and everybody can trade, whenever 1 is free. Stock markets work only 9 hours ...
4. 24/5 market - No daily gap up / gap down ...
5. No contract period - Can keep a trade open for very very long long time
6. No additional costs like storage, transportation, wastage, packing etc ...
7. Do not need to wait for any customer ... Trades are directly executed with banks ...
8. No need to give any credit ... Most businesses are run on credit ..
9. No qualifications required ... Lotta common sense is what needed ...
10. High leverage - Brings cost / trade down ...
11. Very less commission compared to stocks, options & MCX
12. Very high Return On Investment (ROI)
As far as the funding and all important withdrawal is concerned, I use both Local bank cash deposits / RTGS / NEFT / IMPS and cash transactions as well ... Since 9 years and I never faced any issues till now ...
As far as IT is concerned (Lotta people keep worrying about this, even without a live trading account or with 100$ account), I trade 70,000$ worth of accounts spread between 3 different brokers and my auditor takes care of all my IT filing and I have never faced any issues from IT department also ...
If any one wants serious help / advice reg FX trading, I'm more than willing to help ...
Stay in Green ...