Online Forex Trading – Some Interesting Facts

Did you know that the Forex market (foreign exchange market) is the most widely trading market in the world?  Over US$4 trillion is traded on a daily basis. This is a phenomenally huge figure… so large that it is almost impossible to comprehend it. Let’s break it down a little…

If you had $1 million dollars, made up of one million individual $1 bills, then the stack would reach a height of 358 feet. That’s about the height of a 30 – 35 storey building.  That’s impressive!  Now let’s imagine that you had $1,000,000,000,000. That’s $1 trillion. That stack, if made up of individual $1 bills would reach a height of 67,866 miles. That’s just over one quarter of the way to the moon. If $4 trillion is traded each day, then that is enough to stretch all the beyond the moon! 

When you read these figures, it’s easy to see why the Academy of Financial Trading spends most of its time managing people’s expectation. It’s too often that people aim for the moon… it’s too often that potential traders believe that trading the financial market is easy. 

For those who are learning to trade, it needs to be pointed out that it is not easy. It needs to be emphasised that training is required.  It needs to be shown that a proven trading strategy is a pre-requisite to successful trading. If you are not sure whether you have a trading strategy or not, then you simply do not. 

We can help. We provide our students with the best trading courses available. We provide an honest, realistic and straight-forward education, focussing on continuous and conservative returns. This is what we excel at – this is what our traders excel at. 

One more interesting fact… if you had one million dollars and simply had to spend it at a rate of $20 per second, your $1,000,000 would be gone in 13 hours and 48 minutes. If you had one trillion dollars, and had to spend it at the same rate, it would take 1,585 years. Now that’s impressive!

End of Week Thoughts

We at the Academy of Financial Trading always find it fascinating when we talk to our students about their trading.  During an initial discussion, we like to cover all relevant areas – their history (if any), there intentions, their goals, their interests, even their opinions. 

Their “opinions” which tends to be of most interest to us… simply down to the fact that there is always an idea that “right now” is not the best time to enter the market. Current market conditions are too volatile “right now”. There is too much uncertainty regarding a militaristic conflict in some part of the world “right now”. There are too many conflicting reports regarding the overall global economic outlook “right now”.

We believe that there are only a few certainties when considering trading.  One certainty is that the time to learn to trade is “right now”.  Another is that the best time to trade is also “right now”. The world is always changing, it is always in a state of flux.  There is always economic uncertainty somewhere. There is always going to be a conflict in some region.  Volatility will always exist in the markets. 

We like the unpredictable nature of the markets.  We like the ever-changing environment. Can it ever be controlled?  Absolutely not – only a fool would think so. 

You can, however, control your trading.  Analyse a market in the correct manner. Use a proven trading strategy.  Ensure that you have a disciplines risk management technique. Remember that the protection of your trading capital should be your number one rule.  Then learn to embrace the change – to love the “right now”. This is one way to become a successful trader.