Why Trade Forex? Can We Make Lots of Money From Forex Trading?
There are many varieties in Forex
In Forex trading, there are more than 30 currency pairs traded and most of the trading volumes are concentrated in about half of those. This is more than enough currency pairs to give you choices in which currency pairs to trade and help you make lots of money if you can trade successfully in most of them
There are no fixed lot size in Forex.
In Forex, the standard lot size is 100,000 units, but most brokers let you trade mini-lots of 10,000, and some even offer super mini lots as small as 100 units! For a new trader, this flexibility in lots size is an excellent money management tool for the trader. He or she can increase trade size as their knowledge in Forex trading and profits increases.
Forex is open 24-hours on weekdays
A Forex trader can start trading from late Sunday afternoon (U.S time) to the following late Friday evening. You may enter the market and exit as you like and trade for as long or as short a time as you wish
Low margin, high leverage
One of the most greatest advantages about trading Forex is that you can trade leverage ratios of from 10:1 up to 400:1 which means you may control 100,000 USD with from $10,000 to as little as $250. High leverage means that a very small move in the charts may result in a 100 percent profit or sadly, a loss.
Forex is very volatile
The Forex market can move up or down in a very short period of time. You can make huge profits if you know where the market is going at that point of time
You can trade Forex on the internet
Most Forex trading are conducted online, via the internet. You trade Forex on the broker’s trading platforms. This trading platform includes real-time prices and you can place buy and sell orders and make use of its trading tools such as charts and indicators. And if the need arises, clients to call in orders by phone to their respective brokers
Forex is not related to the stock market.
Currencies are independent of the stock market and from an investment perspective, currency prices are non correlated with stock prices. For this reason Forex may be an attractive hedge to a larger stock market account.
There are no commissions in Forex
There are no fees whatsoever be it clearing, exchange fees, government fees, and best of all, no commissions. The only costs of trading Forex are within the bid/ask spread. For those brokers who use the electronic communications network (ECN) transactions may charge a small fee.
High liquidity
In Forex, it is easy to execute huge orders in foreign exchange because there are over $3 trillion in transactions daily. What ever the size of the order, it will be executed immediately in online Forex trading
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Help answer the question about forex trading
Forex trading and how to go about it from home?Can someone explain in detail how forex trading can be done from home in order to earn some additional income? Too, what is involved or needed? How much is needed as an investment?
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Tags: Fapturbo, forex, Forex Trading, forex trading robot, Forex Trading Tool, Invest In Forex, Making Money From Forex, Making Money Online, Online Forex Trading
September 7th, 2009 at 1:32 pm
Generally I find that people who make a good living from forex won't write a good book on forex or do seminars. They might write some short reports on their secrets or develop some software that they feel is revolutionary.
Being successful, I guess they don't have the time or the motivation as a normal writer or educator. However, I found that some of these reports by the successful traders are more useful than a basic book on forex. They go to the point of what matters, ie making successful trades rather than theory.
September 7th, 2009 at 2:33 pm
why not do forex automated trading and manual trading? just open up a seperate account for the forex robot and let it do its magic. I assure you that you will decide to trade automated if you use the fap turbo robot. it makes some very good profitable trades daily. trust me. Forex automated trading is the way to go if want some fast and easy cash. If you need a forex robot I highly reccomend fap turbo. its available at http://forexautoprofitbot.com
September 7th, 2009 at 3:36 pm
Almost all forex brokers will offer you a negative balance protection where they will automatically close your position once you reach a level low enough to bust out. The reason they do this is because they will be liable for the money and may have a hard time recouping it from thousands of clients all over the world.
September 7th, 2009 at 5:15 pm
Most beginner forex trading accounts can be opened for between $1000-3000 based on the forex broker company. You can start with demo accounts and move up to mini and regular forex accounts.
Since you choose the degree of leverage you wish to exercise while operating your forex account, most brokers permit a level of flexibility that you're comfortable with. It is this leverage that determines the kind of profits you make from forex trading.
September 8th, 2009 at 5:42 am
The fine print sez
YOUR RESULTS MAY VARY….
or something
Sounds like a cleaver sales pitch and you fell for it…. oops!
and as we all know
the emperor is NAKED!
.
September 8th, 2009 at 4:47 pm
September 9th, 2009 at 10:29 pm
Hi,
Well, first of all I could tell you that forex is not a scam at all. Actually many people meet it very often and cannot recognize it. Forex is foreign exchange. So if you travel abroad and you need to exchange your country currency into other country currency you are participating in foreign exchange because you sell one currency and buy another one. Other participants are importers, investors, banks and so on and so on…
On CNBC you should notice that there is always are indicated exchange rates of different currency pairs. Also there on CNBC constantly are comments about direction and movement of different currency pairs. That is forex. Furthermore you should notice advertisement of different forex brokers on CNBC.
Forex is called a scam by many people who failed in forex market due their greed, desire to be extremely rich during very short time, not understanding market & volatility, incorrectly using of leverage and small trading capital, bad money management. But it is not a scam. Actually forex is very exciting business. You may trade from any place in the world 24 hours a day from Sunday night to Friday night with no boss, no working hours. Reasonable amount for forex trading should be from $10000 for trading with mini lots (1 mini lot = 0.1 lot). Of course you may begin trading with amount less than 10k but it would increase the risk. And never start forex trading with amount less than $2000 because you would be condemned to lose.
Another important thing is brokerage company where is opened trading account. If you are interesting I could introduce you to forex brokerage company that is regulated by the Swiss Federal Department of Finance; audited by KPMG. Also I could provide you with more than 50 e-books, lessons and trading systems that makes your trading really simple.
So if you interesting e-mail or pm me.
Good luck!
September 10th, 2009 at 12:31 pm
Buy AUD. It's undervalued and for the past 2 weeks it's been fluctuating betweeen a few percent each time (eg. AUD/SGD has gone between .96-1.0 about every 2 days. Buy around .97 and sell at 1.0: if it's $100,000 you're making 3% at least every 2 days. AUD's been fluctuating in the same direction as the world's stocks, so if you see the markets rally after this weekend's G20 meeting you'll see AUD rally, then confidence will fall soon after (usually within a day) and the markets & AUD fall too.
I've placed my order for .94 to test if it really falls that low, but it's unlikely so I'll buy as high as .97 if there's not enough downward pressure.
September 10th, 2009 at 9:55 pm
you should read reviews about forex auto trading software and what their offer!
http://best-forex-auto-robots.blogspot.com/
personally I use FAPturbo! it satisfies my requirements and profits !