It has always been fascinating for any layman to know about investments in the financial markets. The main reason behind it is the long term returns. While traditional forms of investments like stock trading have been practised for years, it is currency trading; popularly known as forex trading, that has gained the right momentum among many investors in the financial market. One of the notable names in the financial sector Dilawar Singh holds great expertise in finance as he explains the need for investing in the forex market.
The serial entrepreneur holds great skills in trading, banking and investments. Born in India, Mr. Dilawar is based in Hamburg, Germany. While he comes from a family of sports players, it was his calling for business that saw him get into the financial market. Understanding the latest market trends, the entrepreneur believes that the foreign exchange (forex) market allows multinational companies to do business in other countries.
Explaining why the forex market is the best to trade, Dilawar Singh outlines some of the best reasons behind it. According to him, the forex market has the best accessibility in comparison to other online trading markets. He says, “Forex trading can be started with as low as $100. All it requires is consistency and patience to grow a small amount to a big one.” Moreover, the procedure of opening a forex trading account is simple as there are many forex traders whose platform allows forex brokers to trade online.
Unlike the stock market, the forex market has one of the biggest merits. Dilawar Singh shares that forex trading operates 24 hours a day, and almost seven days a week. “There is no opening bell or closing bell to start or stop trading. There is time flexibility in forex trading which is by far the best part about investing in the forex market”, quotes Dilawar. The primary reason behind the market being open for trading 24 hours is that it involves currencies from all over the world, meaning people can enter or exit the trade as per their choice.
Moreover, every investor is looking for one major thing - profit. That is the beauty of investing in the forex market. Mr. Singh further added, “The forex market is highly profitable, and there are chances that the initial investment can turn 10x overnight. In the stock market, one makes a profit only when the stock price goes up. But in the forex market, you can buy when the currency is going up, and sell when the currency is going down.” On the professional side, Dilawar Singh owns a venture named OmegaPro, a leading name in the forex market with its operations in more than 100 countries.
The other venture of Dilawar Singh is OMP Money, an online banking platform headquartered in the UK. The platform is spread across 100 countries of the globe. Giving a final word, Dilawar Singh concludes by stating that forex trading promises fruitful rewards. However, he emphasizes the need for patience and consistency to earn terrific profits in the long run. Well, now we get why investing in forex markets has always grabbed the attention of investors from all over the world. What do you think?