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Choosing the Right Forex Broker
If you've already made the decision to go ahead and start
trading forex, the first step you need to take is to choose the
right forex broker. Currency brokers vary more than the U.S.
Investment houses, so you really need to do your homework...
Currency Trading – The Future Of Investment
Forex Trading, meaning Currency Trading, is a world wide, little known market, which will become the most popular source of income for investors in the very near future. It is open for banks, rich investors and small ones alike and, depending on...
E-currency Exchange Trading
I have searched high and low and tried MLM's such as Market America, Quixstar, Trek Alliance and Amway. The business idea works, however people need to sell products and build their downline to be successful. I hated the idea of trying to...
E-Currency: If Forest Gump Was Here, This Is What He Would Be Doing
So you want to learn currency exchange huh?
You heard about it and now you decided you want to become the Donald Trump of investing, somehow you know you can pull this off and become the next big thing.
Well it's quite possible to earn a very...
Forex Training Follow Your Gut or Your Broker
Which way will the forex market move? Do you just follow your gut feeling? Or do you have Neo's sixth sense that would let you be one with the market and feel the underlying currents. Trading forex is a non stop action movie but a good one, where...
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The Miracle of Forex
My father, who owns a small parts store and garage for vintage British sports cars, called me up recently and droned on and on about how he is getting killed by the Euro. Confused as to how the Euro could possibly be affecting his small and seemingly insignificant business, I asked him how. “Because of the Euro!”
He went on to explain, after calming down of course, that the distributor that he orders his vintage parts from had increased their prices by roughly 30% due to the dollar’s poor performance against the Euro. Apparently, it takes about $1.30 USD to buy the same merchandise that may be acquired with 1 Euro.
Essentially, the relationship between the dollar and the Euro is the same as we have always had with the Canadians—only we have become the Canadians in this bizarre scenario!
After getting off the phone with dad I decided to investigate this currency exchange question a lot further and came to one startling but very true realization—the stock market is for chumps! Foreign Exchange is where it’s at.
The act of exchanging the legal tender of one country for that of another. People who play the currency exchange market (Forex) do precisely that! With the same amount of analysis or less in most cases, people anticipate the rate at which one currency will convert into another and Presto!—profits please!
So if one anticipates that the Euro will be stronger next week compared with the dollar and I convert $50,000 into Euros, then next week when the Euro does in fact rise I can convert those Euros back into more dollars than I initially invested only a few days earlier—or even the previous day! Why have your money tied up for extended periods of time praying for a good quarterly earnings report or being
grateful for the peanuts thrown to you in the form of a dividend?
My father’s misfortune illuminated a new world for me. Trading currencies is simply better than playing the stock market and more profitable. Just as with the stocks, you learn which indicators to track and the fundamental principles which propel the market in one direction or the other. There are of course programs and courses out there offered by people who have played this game for years and who are now sitting back in luxury while the rest of us have seen our retirement plans devastated by that volatile mistress known as the stock market. So I ordered a Forex course and learned what I had to in order to start cashing in on this phenomenon. I stopped waiting on earnings reports and praying for those stocks to go up and started making money daily on in the currency exchange market!
My actual startup costs were only $300. Of course I already had my computer and internet connection, but for me the possibility of working only an hour a day from home and earning an extra few hundred dollars a week was amazing.
The course I ordered was Peter Bain’s Commercial Currency Trading Secrets. I just liked the idea of having a Successful Trader at my side at all times. And Peter’s course allowed me to do that through his DVD’s.
This for me is a great way to earn extra income. I might even quit my job one day soon and do this full time. Learn more about this extremely profitable business for yourself. Just go to: http://tinyurl.com/8udgt and check it out for yourself.
About the author:
Vic Damone –Currency Trader
http://tinyurl.com/8udgt
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