Thursday, March 13, 2008

Forex Trading: How to Earn a Living With Forex Trading?

If you're still working at a 9 to 5 job, feeling that there's no end of working for people and no freedom to do what you want to do, why not think of something new which can give you all this? Forex Trading is one of the ways that can help you and your family.

For your information, Forex Trading is the LARGEST market in the world. Yes! You read it right, it's larger than stocks, future, options combined together. Forex Trading have over USD1.3 trillion per day and the amount is increasing now and then.

Forex Trading or currency trading or foreign exchange (short form for forex) simply means buying or selling a pair of currency. In forex trading, we buy or sell in a pair of currencies. For example, in EUR/USD pair, if you're buying this pair, you're buying EURO while selling USD and the other way around.
The best thing about forex trading is that you earn no matter the market is up or down provided you are in the same side of the market movement.

You might be asking, is it easy to trade forex? Well, it's simple yet not easy. However, if you have certain knowledge about it, you will have a handsome profit. Warren Buffet gaining big profit in forex!

If you've been to bank or watch the business time tv news, you'll notice that there are figures like 1.2345 up or down. That's the price of currency pair. One move of the last digit (we call it 'pip') is either approximately $1 or $10. Everyday the average of the price move is around 70 to 130 pips. That could be your profit of $70 to $130 or $700 to $1300 per day!

See the potential of forex trading earning for a living for you? Now, go to www.google.com and enter 'forex trading demo' and get a forex trading demo to have a look at how the forex trading looks like. Play around with the platform and see what happens. Don't worry, your account is just demo and the money is not real money also.

For real forex trading, all you need is just $200 to $300 to get started. However, before you trade forex with your real money, learn what you need to know first, then only trade with your real money or else you'll regret. Over 90% of the trader lose their money of the first trading.

by Elisha Gan
Get free forex signals at: http://freeforexsignals.blogspot.com

No comments: