What is forex?
Forex trading is the buying and selling of currencies. Million of people are trading online with one purpose- to make profits from their investments and to take control of their retirement funds. What is the purpose of investing? To make money, right! The greatest source for wealth is the stock market. It always has been and always will be.
Forex trading is like buying and selling stocks on the stock market. Traders exchange currencies they've purchased. If you have ever traded on the stock market, you should have no problem in forex trading.The purpose of Forex trading is to exchange a currency that you've purchased for another with the hopes that the price of the newly purchased one will go up in value.
Forex is the largest currency market in the world. It is not located in any particular city. It is entirely electronic. You can start investing money with one dollar. Millions of people invest their money on Forex every day. Among the investors are professional stock brokers, accountants, retired persons, housewives, students and engineers- literally anybody.
Million of people invest their money on Forex but Most of them lose money. Why? They need time and skills to figure out which button to press. Most people don't have time and skills to achieve this. That is why most of Forex investors lose their money.
What about the remaining investor? They use proper software that makes the decision. Powerful super computers that analyze all the data from the market are able to make the right decision. If you also cannot make decision buy or sell, you can get these super computers' decision by giving them member fees every month.
The currency exchange rate is always up and down. If the price goes down, you buy it. If the price goes up, you sell it. You can earn the profit. You just click buy and sell button according to up and down. It does not need any special skills but you need to know some basic knowledge such as chart and other available.
How you start?
You can register with one of the forex trading website, you have to give member fees around 5$ for 3 days trial version and around 100$ for next every month. They will say that it is very simple but you need to read their manual and install their software.
First, please read the Manual in the Members Area and watch step by step video.You can try everything by just giving 5$within trial period. You can set up a "demo" account where you may be buying and selling currencies but they're fake. By doing this, you're learning how it's done and giving yourself a chance to learn more about it without losing real money.
If you get profit with demo account, you can trade with your real money. If you lose in demo account, you should learn more their manual and chart. Otherwise, you just cancel your membership before they deduct member fees for next month and choose other idea.
If you want to learn more, you can see ForexFAQ blog.
Case Study : Adventure in Forex Trading
"I am being coached by Forex expert, Mindy Yost. I have been Forex trading for over 8 years and full time for 6 years. I will be detailing my progress through a monthly report. I opened a demo account and am currently trading under her guidance through Skype (wow, Skype is really handy!). Skype is essentially an internet-based phone/text communication service (VOIP).
To start off our training, Mindy had me read through a handy website, Baby Pips. If you've never heard of Forex before, it stands for the foreign exchange (currency) market. Forex trading is the buying or selling of a currency "pair" and the one that I am learning about is the Euro paired with the US Dollar and is called the EUR/USD. In the Forex world, there is a thing known as a pip. I had heard the term pip before, but I really didn't understand what it meant. A pip is the increment by which a currency pair is measured for trading purposes. To see more, click here.
For case study session, If you can earn above one thousand dollar per month, you describe about your profile, how you have earned money, your website and send to 10waysmakemoneyonline@gmail.com. I will post about you in case study session and you will get the back link as well.
In beginner level, I just show you the overview of ideas. Read through ten idea and choose the most suitable ideas and then go to Advance learning to learn in detail.
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