While 2016 has only just begun, many of us are already contemplating our financial future and the ways in which its horizons can be extended. In terms of liquidity and a stable source of income, the Forex markets are an excellent choice. Boasting real-time trading capabilities, low entry levels and a host of currency pairs to choose from, investors from around the world are now taking advantage of such amazing possibilities. What are five undeniable reasons that you should endeavour to learn more?
Cost of Living Concerns
Unless you are due for a raise or promotion, you are likely to find yourself working harder and for more hours. What is perhaps even more disturbing is that while the average wage to cover basic living costs has been calculated to be approximately £8.25 pounds per hour, the minimum wage still sits at only £6.70 per hour. Should you fall in between these two categories, Forex trading could very well bridge a widening fiscal gap.
Mobile Access
Many trading platforms can be accessed directly via a smartphone or tablet. This allows any financial position to be followed easily. Also, let us not fail to mention that the Forex markets are open 24 hours a day and five days a week. You can now have access to this global marketplace even while away from your normal computer. Such features were mere dreams only a handful of years ago. Most platforms are fully compatible with Android and iOS operating systems.
Low Entry Levels
One of the benefits of the Forex markets for first-time investors is that the minimum levels to enter into a trade are able to suit most budgets. This pairs well with the ability to liquidate a position quickly. Such features are not present within other sectors such as equities, commodities or hedges including precious metals. You will therefore be much more comfortable as opposed to having to invest large amounts for a single trade.
A Liquid Marketplace
Well over $5.3 trillion dollars changes hands every day within the Forex markets; a sizeable portion as a direct result of day trading. In other words, the chances to enjoy short-term profits are very real. This income can then either be re-invested into another position or simply transferred to your bank account. Such liquidity has already attracted millions of first-time investors.
The Edge at CMC Markets
Trading through the platforms offered at CMC Markets represents the final piece to this profitable puzzle. Only the most modern systems are offered alongside cutting-edge tools and access to real-time information. As these features are all found within a streamlined centralised portal, much of the guesswork will be taken out of any trade.
If you find yourself “on the fence” in terms of entering into Forex trading circles, these five observations should have finally convinced you of otherwise. To enjoy sustainable income and a profitable future, Forex trades during 2016 could be the most viable solution.
