This must be the $64,000 question of the moment, and I guess the answer will depend on the type of investor that you are.
If, like me, you are a long term investor then both will serve you well. However, if you are a short term player then, in the current difficult economic climate, you should stay well clear of both.
In fact, I would urge you, whatever your circumstance and wherever you live, to look at the foreign exchange market. You should investigate how you can make money buying and selling the major currencies. Read on and you will find out how you can trade Without Risking Your Cash.
First, let me make it absolutely clear that I am not trying to sell you anything. My aim is simply to make you aware of the money making opportunities that trading major currencies can offer you.
- You don't need any former trading experience
- You don't need to be a whiz at maths
- You don't need to be a computer geek
- You don't need any starting bank
- You don't need to be glued to your PC.
I am not exagerating when I tell you that no other trading instrument comes even closely to forex when it comes to liquidity, 24 hours market and above all MEGA-PROFIT potential.
The forex (currency) market is the largest, most liquid, financial market in the world with an average daily volume of more than US$ 3.0 trillion, which is more than all of the global equity markets combined. Forex trading week starts on Sundays at 5.00 pm (EST) and ends on Fridays at 5.00 pm (EST). Trading usually starts in Wellington, New Zealand which is then followed by Sydney, Australia, Hong Kong and Singapore. Three hours later trading day begins in Dubai (UAE) and other Middle Eastern countries. A further couple of hours later they are followed by Frankfurt, Zurich, Paris, Rome… London is the last one to open in Europe and five hours later it is followed by New York, Chicago and finally the West Coast.
The busiest hours are early European mornings because at that time major Asian exchanges are still open and European afternoons because at that time major US markets are open at the same time as Europe. So, plenty of trading opportunities.
The best way to find out about foreign exchange trading is to do it without risking your money. So, I suggest that you download from here for FREE, a very user-friendly, professional trading platform. This will enable you to open a demo account and to start trading on the forex using virtual cash. You can also download a FREE a user guide.
Over the years, I have attended many EXPENSIVE trading courses and I have eventually settled for three very simple, low price, easy to use systems not only for removing all stress and emotion from my forex trading, but also to restrict the amount of time that I spend every day to set-up and monitor my currency trades. If you are interested then you can check out these three systems:
1. Instant Forex
2. The Secret Forex Code
3. Forex Auto-Pilot
"There are no limits to our opportunities. Most of us see only a small portion of what is possible. We create opportunities by seeing the possibilities, and having the persistence to act upon them. We must always remember.... Opportunities are always here, but we must look for them."
Anonymous