What Is Forex And How To Make Big Money Out Of It Online
What Is Forex ? and How to Make BIG Money Out Of It In Auto Pilot
?Forex is the knowledge and business of making money through exchanging foreign currencies. Forex is not a new business and its history is as old as the history of money.There are people who have been making money through Forex for many years ago. Fortunately, with the help of computer and internet, Forex trading has become much easier. You can sit at your personal computer and trade from home without having to make any phone call or referring to any bank".. EASY WAY TO MAKE MONEY FAST IN THE WORLD TODAY LEGALLY FOREVER, IF U KNOW THE RULES AND OBEY THE RULES"
If you have no experience how it works,get Global fx fund managers manage your own account today and they are Profesional Fx TRADERS"
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OR
Get A Forex Trading Software to trade for you automatically called EAs here....
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READ MORE BELOW !!!
How is it possible?
There are broker companies that enable you to buy and sell different currencies through the Internet and VIA simple software"s called trading Platform.
See Best Forex BROKER here and download their trading platform,make a demo trading first and see how it work!!... Click Here ==> http://bit.ly/c4CwI1
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For any trade that you make, you pay a small commission to the broker company that you are trading through it called PIPS.
You need to find a good, reliable and well-known broker company and sign up for an account with them as I stated above.That it a good trusted brokers I have worked with them for yrs now... Then, you have to open an account and fund it via bank wire transfer to your brokers bank account they will use to fund your account when they receive your money wired from your home country in your own name,no third party name accepted,and you will receive ur profits you made on on-top of your money invested back to your bank account any time you like to make withdrawals. You use the money you have in your account to trade after depositing it in your sign up account number with the said broker above. Any profit that you make, will be added to your account and vise versa. Then you can withdraw the money you have made any day,weeks,months. Very simple..
What currencies can you trade?
In Forex, you deal with currency pairs. There are four main currency pairs: British Pound and USD (GBP/USD), Euro and USD (EUR/USD), USD and Japanese Yen (USD/JPY), USD and Swiss Frank (USD/CHF).
In each currency pair, the first currency works as the commodity and the second one works as the money. For example when you choose the GBP/USD to trade, if you buy, you buy British Pound against USD and if you sell, you sell British Pound against USD. It doesn"t matter what currency you have in your account. The trading software makes the exchanges automatically for you via brokers trading platform installed in your pc, any broker have it .
How can you make money?
Buying cheap and selling expensive or selling expensive and buying cheap is the base of making money in Forex. For example If you buy GBP against USD when each GBP is equal to this rate for example.. 1.9554 USD and then sell it when it is 2.0235USD, you have made a profit. I don"t want to focus on more details in this site, and explain how the profits and the money you make will be calculated. I will talk about these issues when you hire us to teach you how to trade or have your live account managed by Globalfxfundmanagers.
But the big question is that how you can know the best time to buy and how you can know that if you buy, the price will go up and you will make a profit. This is the most important question that makes you a successful trader.
There are two methods to know the optimum time to buy and sell: Technical and Fundamental analysis.
In technical analysis, you can predict the direction of the price using the analysis you make on the price chart and also with the help of some special tools that are called Indicators. See the chart Below.
Technical Analysis is a science and if you want to start working on Forex, you have to learn it properly especially if you want to work as an intra day trader. It is not too hard to learn the technical analysis. If you are a focused and serious person, you can learn technical analysis in a few months or weeks... There are a lot of free resources over the web that you can use to learn. There are some expensive training courses but those who sign up for them are not happy and believe that they have learnt nothing. So don"t waste your money. If you are serious to learn, there are a lot of free resources over the Internet. You can also e-mail us always to help you on any question you may like to ask our team or GET A SOFTWARE THAT WILL TRADE THE MARKET FOR YOU WHEN YOU ARE ASLEEP,WORK, TRAVEL, et... We also will try to share our experiences with you by replying your mail on any question asked,If we are managing your fund ok.
The other method is the Fundamental Analysis. This method is used to predict the future of currencies prices according to the economic and even political situation of the world and important developed countries like USA, UK, Europe, Japan ..etc.
Fundamental analysis has a long term usage but good traders can predict the sudden changes that happen after releasing an important news about economic situation of an important country. For example, when the news says that economic situation of USA is improved for 5% in comparison to the last month, USD will become stronger and people start buying it. So the value of USD will go up because of the sudden increase of demand. If you know the effect of the news on the price, you can take the proper position and make money. Of course there are two sides in this story which means if you take the wrong position, you will lose. One need to be careful and obey the rules of ur trading system, do not be greedy. Be discipline..
Good and experienced traders take the advantage of both technical and fundamental analysis whereas 99% of traders are dependent on the technical analysis.
Some good things about Forex:
1- Forex is an online home based business that doesn"t need referring, recruiting and advertising. You only deal with the currencies through the Internet. So you will not have to reply any email, make any phone call and spend any money on advertising.
2- If you learn the Forex properly, you can make a lot of money. Forex can be your full time job that makes thousands of dollars for you every month . I have to emphasize again that if you start working on Forex before you learn it properly, it can be risky and you will lose some money, if u did not obey what I told u previously. It is like the driving. If you drive a car before you know how to drive, you will hurt yourself and others but if you learn it properly first, it will be pleasant and funny.Today let drive you by manageing your account first while you learn gradually how it works ok.
3- You can make a lot of money by spending a small amount of money. Unlike other investments like stock market that you have to invest a lot of money to make a reasonable profit, you can make a good income through investing small amount of money. For example, with a $2,500 Usd account, you can make about $5000 per month or u can start with 500 usd,1,000 ..etc to see how profitable it is b4 u can invest big money in the business... Of course it highly depends on the way that you trade and the strategy that you follow but good and experienced traders can double their money every month.
4- Forex - and of course stock market - are the only businesses that competition has positive effect on them. It is amazing, isn"t it? Competition is the biggest problem in all other businesses but in Forex, it helps the traders to make more money. Why?
Supply and demand are the factors that determine the price in any market. When there are too many buyer and sellers, the price volatility will be much higher and the market will be more dynamic. The price will go up and down more frequently and this is what we need to make money. When the price goes up we buy and when it goes down we sell and make profit or BIG money fast in minutes, hours, days, weeks, months" etc.. 24 hours a day from MONDAY to FRIDAY, every week ..
So if you choose Forex as your business, you will not have to be worried about competition ok.
Bottom line:
If you are looking for a professional work at home business to make money full time or part time, Forex is the best option. It can make reasonable money for you and on the other hand, you will not have to be worried about the issues like marketing, advertising, referring, ur work, bad business, no customers that buys ur business, and recruiting and even you will not have to be worried about competition anymore.
In this article today, I am trying to help people to learn forex. We share our knowledge and experience for free by making the world a better place for all of us.
START NOW !!
1.. If you have no experience how it works,get Global fx fund managers manage your own account today and they are Professional Fx TRADERS"
Click Here------------- www.globalfxfundmanagers.com
2... Get A Forex Trading Software to trade for you automatically called EAs here....
Click Here----------- Click here ==> http://bit.ly/bgSFkI
3.... Open an account with a FOREX BROKER company that enable you to buy and sell different currencies through the Internet and VIA simple software"s trading Platform.
See Best Forex BROKER Here-- Click Here ==>http://bit.ly/c4CwI1
To Your Way To More Success!!
Pro trader By Profession.
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