Last weekend, a detailed, self-training reliable book on Forex Trading was launched successfully and is already changing the investment scenes and personal finances. No need for any research, or struggling to enter to into this lucrative worldwide investment business. All the work is done for you in this book, from how to understand Forex Trading, how to take part, which platform to trade with, how to even open a demo account to practice trade, how to monitor your trading accounts, which indicators to use and how to use them etc. Call (+233246751535) or email firstname.lastname@example.org for bulk purchases or personal purchase and increase your personal financial investment goals.
Let’s check out the forex market for a change.
The forex market, also known as the foreign exchange or the fx market, is the place where currencies are traded. It is the largest, most liquid market in the world with an average traded value of over 4 trillion per day and includes all of the forex currencies in the world. Compare that to the mutual fund investments (T-bills etc.) in Ghana and you can easily see how enormous the forex market really is….
Can I Make Money Trading Forex Part Time?
The forex market is unique in the way that it is traded 24 hours a day around the world and different currency pairs have different volatile times depending on the country of origin. Although the best times to trade forex remain between 8am – 5pm GMT volatility at times outside these time frames are still common place.
In this book, there are different trading strategies that allow traders to make money trading forex part time. There is the set and leave strategy; where you can do your technical and fundamental research pick an entry point and an exit point on your charts then set your spread betting platform to enter and exit at those prices.
You might be a day trader put only trade between the hours of 7am -8am because you then have a full time job to attend, or you might trade for a couple of hours in the evening when you get home from work. Whatever time frame suits your lifestyle it is always possible to make money trading forex part time at some time in the day.
Whichever part time method you use to trade forex it should be one that suits your aptitude. If you are a patient person, then looking for the one perfect trade once a week that is going to make you 200-300 pips (spread) might be for you. If you are not so patient and prefer to see instant results with your part time trading then you might be better suited to scalping the market in the hours you have spare.
The point is; the forex market is the most volatile in the world and boasts a massive 3 trillion traded on it every day around the world at different time zones. You can successfully make money trading forex part time no matter what time of day suits you it is just a matter of finding the strategy that suite from this book.
How Much Money Can I Make Trading Forex?
Throughout my career as a trader, instructor, coach, and business investment analyst, I’ve been asked thousands of times by individual forex traders and friends about the potential for profit in the forex market. With this article, I want to dispel some of the myths, give you some context, and shed some light on the realities of the forex market.
Think about this: There are millions of forex traders around the world. Millions! More and more are coming to the forex market every day. We are all competing against one another. With millions of traders competing against one another, and with billions of dollars in profit at stake, you can bet that you will face some stiff competition. With the detailed strategies shared in this book as well as fundamental, economical and technical indicators, you will always be smiling at the end of every single trade placed.
Great returns are consistently possible, but you can only achieve these returns by learning how the forex market works, committing to a sound trading system, and by respecting the risks that come with leverage. The technical know-how and the way forward are all provided in this book.
Traders all around the world are learning how to make money in the forex market and are discovering the unique benefits that the market has to offer. These benefits include the leverage that I’ve been writing about, but also the true 24 hour trading, long-lasting trends in currency pairs, and unique strategies such as the carry trade.
In this book, you can learn how to take advantage of these benefits by first entering the forex market with realistic expectations and by committing to learning how the market works. Do that, and you’ll be on your way to making money in the forex market.
Make a Living Trading Forex
If you want to make a living trading Forex, you can. Most people who want to trade Forex want to do it for a living. Most of the people who try it fail. There are simple reasons why this occurs, reasons that can be corrected. Successful trading can be taught and this book contains all you need to excel greatly in this best lucrative investment business.
Have you ever asked yourself why most traders fail? It is simply because the trading tools that they are taught when they begin to trade, lead to failure. It is like having someone hand you a rake and a shovel and tell you to build a house. 99% of the people couldn’t do it. I didn’t say 100% because someone would figure out how to do it.
The simplest way to prove this is to get a copy of this book, spend hours and days reading and following its practical trainings.
Momentum is what is needed for price to go in the direction in which you entered your trade, with little or no draw down. Can you find when these times occur? Yes. Can you find a trading signal? Yes.
A trading signal that is created at the time that momentum is most likely to carry a trade is one of the best ways to make a living in Forex. If you can master these two simple concepts you can trade daily in short time periods and double your account in as little as 10, 20, 30, or 40 days.
What does doubling your trading account in 10 days mean to you?
Suppose you started out with $100 and doubled it every 40 days for a year. There are approximately 240 trading days each year. Just to be conservative let’s say that you only trade 4 days each week; that gives us 200 days to trade. Assuming you doubled your account every 40 days you would have $1600 in the first year of trading. In the second year you would have $51,200.
All of this can be done with a simple method of learning from this book when momentum is most likely to occur. In fact, some people are doubling their money in less than 20 days, some even less. This is a conservative way to trade.
Trading Forex For a Living Successfully
Trading Forex for a living has been attracting more and more people every day. No longer people are scared of taking the risk in currency trading, but are all willing to take the plunge. Forex trading is not easy. But it has helped many people reap huge profits consistently and thus alluring many in the process. In Forex trading people trade currencies of different countries and many as a source or a secondary source of income are taken up this business. Small fluctuation in currency prices can earn huge profit for the traders.
Forex Trading is estimated to be the most successful and biggest financial transaction market in the world. More people have started to take it seriously and more so, as an income source for a living. Most of them are doing well and hence inspiring others to follow. For some however it has been a sort of an addiction.
For people who are trading Forex for a living it is essential to know the proper norms, rules, and strategies provided in this book. This market is highly speculative. For beginners it is advisable to start with small amount and to opt for smaller margins. With experience the lot size to be invested can be increased along with bigger margins. It is better to target a lower profit margin at the initial stage.
Trading Forex for a living calls for persistent trading following well-developed strategies provided in this book. You must read this book for informative strategies and guidance and educating yourself on the intricacies of currency trading.
Many are now giving up their regular day jobs and taking up Forex Trading as their main source of livelihood. But one should never invest huge amount or should not invest the entire money at one go. Before taking up trading forex for a living one must be sure of the income potential as well as the associated risk. The road is long and never ending, and only with dedication and efficiency one can master this Forex Trading business.
So if you are thinking of trading forex for a living you must do so if you have some disposable money and willing to learn the ins and outs of the process. Forex trading can be a very profitable and worthwhile career but you should be mentally prepared for challenges ahead!!
Trading Forex For a Living With Proper Money Management
Many forex traders lost money for many reasons. The worst reason is they do not have a winning strategy and use only a guessing or trading based on luck. The next major reason is no proper money management on trading although they have learned the tested and proven forex trading strategy!
Let me borrow this golden rule from Warren Buffet: never lose your money! Many beginners to currency trading realized the great potential on in online trading world and they have set a too-high profit target on their fx trading. Before they master their winning forex strategy learned and get consistency in their winning, they throw a lot of hope (money) to earn money quick! And that seldom happens…
Let me share with you a simple and yet conservative money management (risk management). My forex guru had warned me not to risk more than 5-10% of our fund at all time. Therefore, I only risk 2% of my trading fund at the moment. It means that every time I trade, I profit or lose 2% of my fund. My proven and tested trading system on foreign currency has shown a 70:30 win-lose ratio over a long period of time. Out of 5 trading days, I normally win 4 days and lose 1 day. Every day I trade with my money management of 2%. After a week of forex trading, I normally end up with 6% profits [(2% winning x 4 days) – (2% losing x 1 day) and total 24% profit per month. With this consistency, I can double up my profit by increasing my risk to 4% per trade (still under the recommended 5% risk management formula). You can get all these strategies with other resourceful benefits provided in the book.
With this money management in my mind, I can never burst my trading account like many other currency trades did! I saw many beginner forex traders can easily lose their mind during their first few losses! They will normally increase their risk or even double their risk. When they lost again, they will again increase or double up their risk. When this bad practice continued for a round, your trading fund may be depleted to half or even more. When you never know to stop this bad practice on money management, I am sure you will burst your trading account like many other losers!
Many fx traders have this wrong perception: when I have less money, I will aim to profit more like 100% or 200% (taking it as a betting rather than trading). When I have more funds, then only I will reduce my risk. However, if you never obtain the consistency to profit 10% or 20% per month, how would you take yourself to next level and further…
With a proven tested winning strategy coupled with proper money management in this book, you will have the ability to set your own profit on month basis. With the power of compounding, you will reach your financial success in the date that you set…
Housewife Earns Extra Income by Trading Forex Part Time
In Japan and Korea, there are millions of housewives who are trading foreign exchange currency online part time and making small daily profits to earn extra income. In fact, there are an estimated more than 40 million educated forex traders are trading forex online for living.
In a recession time like now, less money made from the Husband caused less money given to the Housewife as well. When many companies are retrenching and pay cutting, the income of the Husband, who is the only one who make money, would be definitely affected. Therefore, the Husband might also provide less and less monthly allowances to the housewife for food and other daily necessities. With all the cleaning and nursery jobs for the beloved kids, it is not easy to get a part time job and earn extra income for the family. What else can a desperate housewife do?
Eventually, full time housewives could trade forex online part time and make extra income like 50 dollars to 100 dollars per day for food, groceries and other necessities. What does a housewife need? All they need is just a computer with internet access at home. Then, they need to learn a proven and tested forex trading strategies from this book.
Somehow, some housewives may have other concerns, like they have no time to look at the forex market! The Forex market is running 24 hours from Monday to Friday only. Forex Traders can always enjoy lifestyle and quality time with their families during weekends. A part time forex trader will only need 1 to 2 hours per day to make money from the lucrative online forex market. A currency pair like USD/JPY moves up or down within 200 to 300 pips in a day. To earn USD100, a good fx trader will only will need to profit 10 pips within a very short period of time. Housewives just have to scarify 1 hour of their afternoon nap time or 1 hour of watching TV time to make extra money daily.
There is another advantage of a housewife trading forex. In general, women are more discipline compared to men. The secret of every successful forex trader is using proven and tested forex strategies coupled with conservative money or risk management and very tight discipline (follow the winning forex strategy all the time). Many male currency traders tend to imply their own theory using existing forex strategies and sometimes enter to a trade even though it is not a confirmed trade!
So, how a housewife shall start to make part time extra income in forex trading? First, learn to trade forex with a reputable financial book
INVESTMENT FUIDE (FOREX TRADING).
Hope this information is useful for you. For more detailed information, Call (0246751535) or email email@example.com for bulk purchases or personal purchase and increase your personal financial goals.
What are you waiting for? Grab your copies!
Author: Gabriel Ofori Yeboah (Author) Investment Guide (Forex Trading).
Fund Manager, Investor, Broker, Underwriter, FX Trader, Consultant–(Investment, Financial Analyst, Banking) and business Analyst.
Email: firstname.lastname@example.org Tel: 0246751535