There are many ways that you can invest your money in 2018. Real estate is one of the most popular investments, and most people have long term goals of home ownership. Stocks and bonds are also highly popular, and can allow for strong long term investments as well as short term trading for regular gains. Another area of investment which is sometimes overlooked by new investors, is the Forex currency market.
There is more total value exchanged in Forex than any other global market. Every day there is more than $3 trillion USD traded by people and companies all around the world.
The concept of currency trading is simple to understand. You enter a marketplace with a set amount of money to invest, you purchase currencies and aim to sell them when the value hits a peak. You can diversify by investing in any of the major currencies like the United States Dollar, Euro, Japanese Yen, Pound Sterling, and Australian Dollar.
With currency trading you can buy and sell at any time, because markets are open 24 hours, every day of the year. You can do it from home on your computer, and can even trade from smartphone apps. It’s simple to get started with a Forex market, and there are a number of different platforms that will give you instant access to trades. Pepperstone is one of the largest online Forex brokers, and you can find dozens more that offer live online trading.
How Safe is Currency Trading?
When you invest with a large and reputable brokerage, the only inherent risk is in trading itself. Just like the stock market and bonds, returns are not guaranteed in Forex. If you have never invested in currency, then it is advised that you start small, and stick to the most popular traded currencies.
The ten most traded currencies are:
|United States Dollar||USD|
|New Zealand Dollar||NZD|
Trading platforms typically offer demo or free accounts where you can practice currency trading without investing real money. This is an excellent way to get a feel for the market, and it is recommended that you take advantage of a demo account before funding.
Forex is a great way to diversify your overall investment portfolio. The market carries a similar amount of risk to stock markets, and there are significant gains to be made. If you have been looking for a new area to invest then Forex is one of the most straightforward and easily accessible investment options available today.
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