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Monday, October 27, 2008

Show me the Forex money, 1

Kathy Lien makes a case for switching to trading Forex currency trading from trading futures, stocks and bonds. It’s in her book Day Trading the Currency Market: Technical and Fundamental Strategies To Profit from Market Swings (Wiley Trading)

She says that compared to futures and equities, Forex offers 24-hour trading, no special rules for or against short selling, no rules providing for suspension of trading due to volatility, cheaper transaction costs, less slippage and execution errors, as well as higher leverage.

...cont'd tomorrow

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