Who is Forex trading for?
Forex trading is for anyone who wants to make investments in the currency market. The features that distinguish the Forex market from the stock or commodities markets include:
24/5 market–doesn’t close except on the weekends easier access to leverage easier access to shorting since each pair is set up in opposition to another currency. Forex is well-suited for people who have limited time to trade, but can also be traded short-term using strategies like scalping or high-frequency trading. Scalping and high-frequency trading are very short-term strategies and not for someone who wants a passive income stream. The closest Forex comes to a passive activity is trading on a long-term timeframe, which in Forex can be a few months or years. You could earn a passive income on the interest difference between the two currencies. This is known as a carry trade.