Posted by Binary Options Questions on Oct 7, 2011 in Forex | 4 comments
Forex. Much more profitable for the trading companies
Some are scams – careful.
They know that only 20% of first time investors make any money the first year.
On screen you may see trades, but your money is never invested.
When you close the account, they give you the lower amount
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Stock trading – 9:30-4pm (USA) trades $25 billion / day
not too shabby
Forex trades 5pm Sunday to 5pm Friday (24/5)
and in October – the daily average was $3.72 TRILLION
Futures are really tough – you have to calculate
time (how far out is the contract) and when to dump it
or else you take delivery – a lot of variables
I prefer FOREX – have made $880 in six minutes before
learn at baby pips dot com
and get great training at leverage fx dot com
all the best
Because futures contracts come in big sizes (e.g., a Euro futures contract is $125,000) so people with small money (i.e., those likely to be swayed by advertsing) can’t trade futures contracts.
Futures contracts are great things. The spreads are almost as small as interbank spreads and trading commissions are very small. You also get 60/40 short-term/long-term capital gains treatments. Unlike what previous poster said, you don’t have to make a decision about dumping a futures contract that is near expiration. You simply roll into the next contract which is very simple. Note that you can’t trade in that $4 trillion interbank market which is just for institutional money like banks, hedge funds, etc..
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Posted by Binary Options Questions on Oct 7, 2011
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