Why is Forex suddenly popular?

[young trader]

FXVV looks good but then we also need to see that what is the Reputation of the broker with the clients who are dealing with them.

Thanx, i will keep my eye open i have opened a demo account. and generally will deposit small at the beginning. Ive been looking around, to see the difference between forex companies, and trying to get as much knowledge as i can. This field is a growing field but not for the weak hearts

[Samuel23]

Forex is becoming more and more popular each day. You know when you buy/sell currencies, it is free of tax. We can make big money with the difference in pips and this is why forex is becoming popular each day.

[Dominator4fx]

Originally Posted by young trader

Thanx, i will keep my eye open i have opened a demo account. and generally will deposit small at the beginning. Ive been looking around, to see the difference between forex companies, and trying to get as much knowledge as i can. This field is a growing field but not for the weak hearts

Yes we have to remain firm in our own objectives and also know that we must use the experience of the past traders in order to gain more benefits and also to fast track the learning curve required.

[inggo]

justto answer the topics question, I still think forex is underrated! not a lot of people specially here in asia know about forex, but the sudden growth of forex traders is due to the modern mentality of people, in the old days it was a job or a business that can be used to make a living, but now with the internet there are tons of stuff that can bring you money from advertising traffic surveys and there is forex, i think people tend to go for forex for several reasons:

1. its accessible
2. you are the boss
3. if you do well you gain big
4. its pretty much diverse, you can start with small amounts or big amounts and trade any time of the week, except weekend.

and beats being an employee :P

[freaky1212]

forex trading has become popular due to the fact that it pays. once you analyse the market propely and strategise you will make profit.

[Fxpipper]

Originally Posted by Samuel23

Forex is becoming more and more popular each day. You know when you buy/sell currencies, it is free of tax. We can make big money with the difference in pips and this is why forex is becoming popular each day.

Sorry but as a trader, you would still have to pay taxes..are you sure about your statement?

[UWC Neeraj]

Originally Posted by Samuel23

Forex is becoming more and more popular each day. You know when you buy/sell currencies, it is free of tax. We can make big money with the difference in pips and this is why forex is becoming popular each day.

Basically Forex business is easy to start and anyone can do with little investment and time.

But getting to the level of successful traders is not easy and takes a lot of efforts.