Imagine that you wake up in the morning, turn on your computer, and see a good trading opportunity right away. You decide to make the trade, and then you go get your coffee in the morning. When you get back to your computer 15 minutes later, you will have earned $1500. This is just a taste of what it's like to trade on the Forex. It's not hard at all to work part-time and make more money than you do working full-time.
With this much excitement, it will be hard to find a job. You could make anywhere from $300 to $3,000 in just 10 minutes. You can do this from home, and you don't have to spend a lot of money to get started. You only need $300 to get started. You'll be hooked on Foreign Exchange trading as soon as you try it.
This market is not for people who are easily scared. If you don't have steel nerves, you should stop reading and find another way to make money that is less risky. But trading the Forex is for you if you like to take risks, can make decisions quickly, and know how to win.
At first glance, the charts look like any other stock chart. However, you'll soon see that the momentum and volatility are creating trading opportunities every minute. Forex trading has the potential to bring in more money than any other investment. This is because you are putting money to work for you. Some brokers offer loan-to-value ratios as high as 200:1. On the stock market or in real estate, you won't find a ratio like that. The brokers don't charge a commission, but they do make money on something called the spread. This is the difference between how much the currency pair costs to buy and how much it costs to sell back. The spread is shown with PIPs (Price Index Points). With a regular account, you can trade one lot and make $10 for every pip the currency pair moves. It's not uncommon for a currency pair to change by 30 to 50 pips in a very short amount of time. With 1 regular lot traded, a 50-point swing brings in $500.
Don't be fooled, this is not a way to get rich without doing any research. You need to be trained and know how the Forex market works. There are a lot of people who say they are experts and try to sell their systems and seminars. Do your best; good training can't be replaced by anything else. Don't let yourself be tricked into thinking that you need to spend a lot of money to get the tools and knowledge you need to be a successful Forex trader. In fact, some of the courses that cost less than $3,000 have more to offer than the software that costs that much. There are even free charting packages and demo accounts that let you practise without putting your real money at risk. Spend some time learning about the Foreign Exchange Currency Market.
