Looking to Grow Your Wealth in a Global Pandemic? Here’s How
Over the last couple of years, we have faced one of the toughest periods of our generation. With many mainstream businesses around the world affected by the global pandemic, thousands have lost their jobs and their livelihoods.
But without many opportunities available in these challenging times, what can you do to earn some additional income?
This is where Forex trading shines; and if you are equipped with the right knowledge, support and platform, you can start generating extra income during your free time – from your mobile phone, laptop or desktop PC.
What is Forex trading, and why should you care?
More than just the latest get-rich-quick fad, modern Forex trading began in the early 1970s. But with digital connectivity making it more accessible than ever before, Forex trading has exploded in popularity in recent years.
This is thanks to the fact that anyone with internet access can easily sign up for an account on a Forex platform and start earning some extra income from the comfort of their own home! But how does Forex trading work?
Simply put, Forex trading is the process where traders buy a currency and sell another in pairs. They can choose to buy or sell the currency as it rises or falls in relation to another to make profits.
Benefits of trading in the Forex market include:
- An Easier Way to Trade
Trading in the Forex market is less complicated than in other markets. Simply start with a demo account, and when you are more confident, you can begin trading with actual money. Best of all, once you sign up with a proven trading platform, you’ll only need a small capital to start your trading journey.
- Flexible Working Hours
As the Forex market is open 24 hours a day, 5 days a week, you can trade just about whenever you want. This makes it possible for you to trade after your regular working hours, or even during breaks at work.
- Be Your Own Boss
For those who grow more confident at Forex trading, you can even start trading full time! This means that you no longer need to rely on a fixed pay or report to someone else anymore. Wouldn’t it be awesome to become your own boss?
- Take Advantage of Challenging Times
The global pandemic has disrupted the global economy, causing rapid uptrends and downtrends in currency values. And while this can be a challenging situation for businesses, you can actually leverage these frequent shifts to make quick profits!
How do I start Forex trading?
Trading in the Forex market is simple. All you need to do is to sign up with a Forex broker to start trading. Through this broker, you will be able to make transactions via their trading platforms.
However, with so many Forex brokers to choose from, how do you know which is the right one for you?
Thankfully, we’re here to help you out. Here are 5 important points to look out in a Forex broker:
1: Security
Even though there are thousands of brokers out there, there are different levels of security for each. Some are even illegal sites that have been set up to scam unsuspecting individuals! Always ensure that you choose a broker like Forex4you that operates within a regulatory framework.
2: Trust
Make sure you choose a broker with nothing to hide. Brokers like Forex4you have their yearly performance audited by a Big Four Accounting Firm and are fully transparent. In fact, Forex4you displays its operational data and performance statistics on www.forex4you.com for anyone to refer to. With over 14 years in the industry and 2 million trading accounts, Forex4you is committed to keeping their clients’ funds secure by safeguarding its clients’ funds in top-tier banks.
3: Superior Customer Service
With your capital on the line, having a technical issue that can’t be resolved could mean huge losses in profit. It’s best to trade with a broker like Forex4you, which offers customers 24/7 support via a toll-free number to call, live chat, or email.
4: Seamless Trading Experience
For newcomers to Forex, trading can be a complicated and confusing experience. What you need is a user-friendly trading platform that has a helpful community, intuitive navigation, useful trading tools and free learning materials available to all its traders.
5: Speedy Execution & Stability.
In Forex trading, it is crucial that your trading decisions are executed as soon as possible. Just a few seconds of delay when you click “BUY” or “SELL” could result in you losing money in each trade. Brokers such as Forex4you deliver near-instant trade execution speeds with no delay to minimize this, and their short withdrawal times mean that you gain quicker access to the cash that’s in your trading account.
Forex4you uses its proprietary liquidity aggregator and order execution software known as MarketPlace to ensure your order is swiftly and securely executed every time.
6: Attractive Trading Conditions
Try to keep your trading costs low to maximize your profits. This means that you should look for a broker that offers the lowest possible spreads as well as the highest leverage that you are comfortable with.
Forex4you offers competitive spreads from 0.1 pip, and leverage of 1:2000 to keep your trading costs low. What’s more, Forex4you offers either commission-free and commission-based trading accounts with a smaller or larger spread for you to choose from.
Start growing your wealth today!
While these challenging times don’t appear to be ending any time soon, that doesn’t mean you can’t do anything about it. With a trusted broker like Forex4you, you can take control of your fate and start earning your way to success.
Ready to begin your Forex adventure? Start off on the right foot at https://www.forex4you.com
Forex Trading involves significant risk to your invested capital. Please read and ensure you fully understand our Risk Disclosure.
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