Earnings Schedule Stocks
Earnings Schedule Stocks
Watched Your Stock Account Drop Overnight? Forex Trading Is The best Prevention!
The stock market hurt many of us not once, but several times in our lifetime and unfortunately will strike again. If you were born prior to the 1990, there is a good chance that you or someone you know experienced a serious loss in the stock market. Most people accept it as normal and waited or are still waiting for their stocks to come back. They sit watch the news, see their account statements, sigh, continue to sit and hope next month will be better. Investors continue in the stock market because humans by nature are followers; creatures of habit. It’s is time, time to look into a different way of putting your hard earned money to work for you. Catch up with Europe and Asia by trading in the Foreign Exchange market, also known as forex, FX and currency market. It is the same concept as stocks but on a grander scale. Give forex trading a closer look. A decent forex trading course is desirable, but for now, we’ll keep it in simple terms.
With traditional stocks, you are giving your money to a company for a share, a small piece of the company. You do this so that eventually you sell that share for more than you paid. Pretty simple concept and sometimes it works out in your favor, but occasionally that share becomes nothing more than a tax write-off when overnight, the company goes bankrupt. In forex trading, in simple terms, you are exchanging your currency for the equivalent of another countries currency. And like stock trading, when you exchange that currency back to your country’s currency you are expecting more than you paid. Unlike stock trading, major currencies do not suddenly become worthless paper overnight.
For example, Sept 11, 2001 shocked the U.S. in more ways than one, but Americans never lost the ability to buy food with dollars. Japan was torn apart by a tsunami, but yen continued to buy meals, etc. Both tragedies were horrible, instantaneous, and unforeseen events that resulted in a reactionary significant drop in currency value, however; most forex traders minimized the loss. Forex trades 24/7, except for scalping, most traders place a stop loss whenever they are in a trade. With forex markets trading day and night, the stop loss initiates as the news happens. No overnight losses you get with stocks opening down and hopscotching over the stop loss. Forex trades with the 24 hour news cycles while stocks trade on bankers’ hours.
Forex trading hours are flexible and fit around any work schedule, as long as a computer with internet is available. Forex is 24/7, however it is best to trade during hours when two or more major trading markets are open. The best times are 1am-3am EST (London/Tokyo,) 8am-12pm EST (New York and London) and 7-10pm EST (Sydney/Tokyo.) With the hours so spread apart, a trading opportunity is available to fit anyone’s work schedule. It definitely fits more people’s schedule than the U.S. stock market hours, 9:30am-4pm EST. Forex Trading is also a great fit for stay-at-home moms/dads and with that have to occasionally run errands during the day. In addition to convenience, it is also nice to know that you’re not hopeless if your trade reverses on you. Since a market is always open and you’re a smart trader with a stop loss in place, your losses are minimized. Forex is sounding like a good plan now.
Wondering why forex isn’t more popular. There are a couple of reasons, first access to the currency market was limited prior to the last decade or so and secondly, humans are creatures of habit. Americans have had access to stock market for nearly 100 years. It is built into its culture, hence why people keep investing in a market even though it loss their money more than once. On the other hand, Europeans did not have easily accessible stock markets like the U.S. Therefore they were not predisposed by their parents to invest in stocks. Europeans and Asians were more open to the foreign exchange market, grasped it and made it a market of choice. Historically Americans were often slow to adapt to new things. For example, what if back in 1903 your great-grandfather or his father was advised by his banker not to invest in Ford Motor Company because “the automobile is only a novelty…” A missed opportunity, but many Americans believed it was a fad and horses would always be primary means of transport. Wrong? Oh, and don’t be too angry about not investing in Ford. Its stock went to around $35 in the late nineties; then in 2008 it crashed overnight to below $2 and today Ford’s stockholders are happy it’s trading at just under $15. Why are they happy with a 50% loss? Old GM’s stockholders are stuck with 100% loss. Holding stocks long-term looks exciting, but Forex might be more enriching.
What do you think of Forex now? As you can see Forex trading has a few advantages over traditional stocks. It can help you build up your savings without suddenly losing it all overnight. But be careful, forex is a fast moving market and can be slow death for your account if you don’t take the time to study it. Forex is a world of its own that is only tame once it is understood. As with any trading you can gain great profits, but there are always inherent risks. To lower the risk, take a forex trading course and apply the skills in a practice account before trading live. The best time to start learning is now.
Stock Market Video – Weekend Edition – Dollar And Earnings At Center Stage, Be Ready For Action
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