Friday, September 10, 2010

How to Earn Money with Forex

When most people think of investments and making money they think of real estate, stock trading, bond trading, mutual funds, CDs, etc. Most have never heard of the forex market and how easy it is to earn money with forex. Until now, you may have never known how easy it is to earn money with forex trading, because nobody has ever given you the right information, as I will in this article.

The instructions for trading on the forex exchange are relatively simple. When the price of the currency is low, you buy. In a few seconds or minutes, the price will go up, and you sell it and make a profit. Many people make $500-$1000 just by buying, selling and trading foreign currencies for about 3 or 4 hrs per day!

But if you are looking to earn money with forex as a second income while you go to your regular job it is easy to do that aswell. The beauty of forex trading is that you don't have to be stuck behind your computer screen for hours and hours. You can enter all your buy trades and specify the sell prices before hand so that whenever your selling prices are reached, the currencies will be automatically sold for you and you make money! This alone allows many people to earn money with forex on autopilot.

So what do you need to start earning money with forex? Unlike Trading stocks where you need to have a significant amount of capital to get started, you can easily open an account with a broker for as little as $300 to $2000. Most brokers will offer you a leverage of 100:1. This means you can control up to $100,000 with an initial investment of only $1,000. This makes it very accessible for the average person to earn money with forex.

Some more great reasons to earn money with forex are that you are in complete control. You are the boss and you choose how much to invest, how much you will make and when you will make it. You can make money daily, 365 days all year from forex day trading. And the market is open 24 hours a day. The forex market is a 2.5 trillion daily business and is much larger than all the stock markets of the world combined. Compared to other investment opportunities like traditional stocks, bonds and mutual funds there is just a lot more money to be made and it is much easier to get a piece of the pie.

I hope that reading this article has opened your eyes to the forex market and how simply it really is to earn money with forex trading. Although I believe that it is the one of the fastest and best ways to create lasting wealth, it is also a great way to build a substantial second income that can help you reach your financial dreams.

Thursday, September 9, 2010

Forex Hates You

What have you put off today? Something important you had to do that you ended up not doing? Well i am sorry to say this but Forex doesn't like you very much, it won't actually come out and say this, but it will definatley show you by eating all your money.

Why do lazy people flounder in the forex market?

1. They put off getting a broker too long and then often make a bad choice.

2. They don't do any research or engage in education and therefore end up gambling.

3. They clutter up informative blogs and forums with their incessant whines about how forex is a scam and can anyone lend them $20 because they are good for it.

4. They are often emotional about trades and will either get too excited after a good trade or try to take revenge on the market after a bad loss.

Does this look like a successful traders mindset to you? Of course it isn't. Are you guilty of any of these things? If you are get it sorted ASAP, not or my sake, but for your own. It isn't my money you are gambling away. "But i thought forex is investing not gambling?" Thank you! I don't gamble in forex, i invest, many other traders i know invest as well. Whats the difference? Education my friend, education. We know what we are doing, and make educated decisions about where we want our money, a forex gambler wakes up in the morning and just decides then and there where he is going to flush away some more money. They don't research, they don't even know what a chart looks like, they just go with uneducated gut feelings.

But let's stop talking about forex gamblers before i have a stroke, what about successful traders?

1. They research brokers and then choose one and stick to it until the broker gives them reason not to.

2. They are always learning. What is a better indicator to use? What have i done wrong in the last week? This is the kind of thing that sharpens their trading sword so sharp it could cut space and time.

3. They don't post often, they might not ever post on a forum or blog. To them forex is about learning and they would rather listen then speak. Humble eh?

4. They keep their cool. They know that a win can turn into a loss and the other way around within the next 5 minutes. They have the experience and they have already set up their trades to accomodate for a turn in fortune. They are in control. Well mostly.

So the main point of all this text is to realize that if you can't even bother having a shower when you wake up in the morning, how are you ever going to be successful in something as demanding, but equally as rewarding as forex? You aren't because forex hates you.