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7月30日 Currency Trading (FOREX)So the first question you might ask is, what is it? The currency exchange market better known as FOREX is the most recent addition to the stocks, futures, commodities market. FOREX recently became an option for individual investors in 1997 when the internet providied a central place for trading. Currency trading is strictly done on the internet 24 hours a day sunday 11:30 am EST though friday 5:00 pm EST time. This market offers something no other market can and that is leaverage. The stock market normally pays 1:1 or possibly 2:1 ratio on certain stocks, the commodities market is about 20:1 and the FOREX market is anywhere from 100:1 to 400:1. This allows you to make or lose a significant amount of $ at any time.
Currency trading boils down to technical analysis of charts and a little bit of news. Watching japanesse candlestick charts and trying to predict the future by using different tools and your gut feeling is quite a challenge but definately do able. The currency market deals with 1.9 trillion dollars a day compared to the NY Stock Exchange which is 30 billion or the Futures market which is 437.4 Billion. This means no company can impact the currency market in way that will trigger a large event and change the market. Just so you have an idea on how powerfull the currency exchange market is, Chrysler made more $ currency trading then selling cars last year upwards of 500 million.
What needs to be done is you need to make 10 pips a day. This doesn't make much sense to a novus but if you are interested in the currency market you need to talk to me about it as I have already done countless hours of training and research. For more information visit http://tdailey.fxtrainer.biz. This is not a get rich quick but it is definately get rich and I mean making a million dollars in a year rich. From there the possiblities are endless. I know I am not wanting to work for anyone the rest of my life so I am personally devoting my life to currency trading for the next 2 years in hoping to prevent a job search at the end of my college career.
Disclaimer: This is very risky and you should only invest $ you are able to lose.
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