* You do not have to invest thousands of dollars to start forex trading business. It can be started with as low as $300. You can increase your investments once you start making profits from this business.

* The forex markets are open 24/7. Forex trading can be done anytime and from anywhere in the world. It is a truly global business.

* The size of the forex market is huge. It is about thirty times larger then all of the equity markets in the US, combined together. The daily transaction is about 20 Trillion dollars. So, the funds which you invest are very liquid and you can cash them anytime you want.

* The fluctuations in the value of the different currencies are not as volatile as stock prices and generally follow a predictable trend. Hence, trading in forex is much easier than trading in stocks.

* To trade in forex, you have to open an account with a forex broker. There are many reputed forex brokers who only charge a small percentage of the bid. There are no exchange fees or other hidden costs.

* All the trades are done electronically and in real time. It only takes 1-2 seconds to complete your transaction.

* Profits can be made both in rising markets as well as in falling markets. In risingmarkets, you buy low and sell high whereas in falling markets you can short the currency at a higher price and cover at a lower price.

* Unlike the stock markets, the forex markets are very transparent. In the stock markets, analysts and company insiders have an unfair advantage over the layman. But in forex markets, the relevant information is available to all through international news.

* For trading in the forex markets, you do not need any formal education, degree or license. What you need is some knowledge about technical analysis, some tips and tricks about the markets and different trading strategies.

Technical analysts use different technical studies and interpret them to predict market direction or to generate buy and sell signals.
By using charts in Forex technical analysis we can predict price movements.You might think that reading the charts is very difficult, but you must know that FOREX charts, as opposed to charts used for day trading stocks, are easier to interpret and use. The Forex charts are reflection of a country’s economy, which is slower moving and is more stable compared to the future and daily drama of company reports, Wall Street analysts and shareholder demands.

Currency charts have also the tendency to develop strong trends, and although the Forex market is volatile, it is more predictable than other markets. The good thing is that you have only a few currencies to analyze, not tens of thousands of stocks.

The complimentary charting software provided by good brokers is sufficient for predicting currencies pair’s movements, but you must learn to read the charts and you must learn how to interpret your technical studies.

As I mentioned the technical analysis in the Forex market is easier than in the other markets, but it still might seem a difficult task for new traders.
There are a lot of different resources which are helpful in learning technical analysis. The easiest way is watching videos which explain it, and although the Forex video courses are usually expensive, you can find some cheaper video courses, too.