Successful speculators in the international market can achieve a success rate of 35% to 50%.
A realistic statistic is that the top traders on Wall Street average a 35% success rate over a ten-year period. This means they can earn 20 times their first-year investment over 10 years.
Before diving into the forex market, let's first understand the benefits of investing in forex trading:
1. Everyone wants to own their own company, and investing in forex is like owning your own financial trading company outside of work.
2. Forex trading is not restricted by time. It operates 24 hours a day, 5 days a week, globally, with T+0 trading. Unlike stock trading, you can buy and sell at any time.
3. Forex trading is not restricted by location. As long as you have a mobile phone signal and internet connection, you can work from anywhere in the world. It's like having a mobile phone, and you can work and enjoy life anywhere.
4. Forex trading is not restricted by work or age. Both working and retired people can participate, and it can become a lifelong career. It is particularly liberating for retired manual laborers.
5. Two-way trading means investment returns are not limited by market fluctuations. New traders should note the unique characteristics of forex trading. It allows both long and short positions, allowing you to seize investment opportunities and profit regardless of market fluctuations, whether they are good or bad.
6. The main investment target is the country. National economies are more reliable and secure than listed companies or other businesses. Information is quickly available, open, and fair, making it less susceptible to fraud.
7. Fast transactions: instant execution without waiting. Under normal market conditions, all orders can be executed instantly at a specified price or within a specified range.
8. Manageable risk: Preset stop-loss and limit orders allow traders to quickly control losses or lock in profits.
9. High market volume and transparency. Numerous investors worldwide trade forex daily, with average daily trading volume reaching trillions of dollars.
10. A popular market. Participants in forex trading include banks, central banks, financial institutions, importers and exporters, corporate investment departments, fund managers, and even individuals. Therefore, everyone, regardless of wealth, has the opportunity to participate.
11. A global financial market. The international forex market cannot be manipulated by a single individual, bank, forex dealer, fund manager, forex supplier, or country. According to the International Monetary Fund, global daily trading volume approaches $3 trillion.
12. Flexible leverage and low costs. By adjusting the leverage ratio, you can effectively reduce transaction investment costs, improve capital utilization, and leverage your wealth with small investments to accelerate your wealth growth. Forex leverage ratios are typically 10:1, 20:1, 30:1, 40:1, 50:1, and can even be higher.