by Brian Sater
A funny thing happened while I was researching my bank's own statement. It stated that it was making 40% per month in something called foreign currency exchange. Hmm. They were only paying me 3% on my account.
The foreign currency exchange market,or forex, for short, is the world's largest financial market. We all know the stock market is huge, but just think of all of the currencies in the entire world being traded on a daily basis. The average daily forex trading volume currently exceeds $1.9 trillion.
Foreign currency exchange is the simultaneous buying of one currency and selling of another. The world's currencies are on a floating exchange rate and are always traded in pairs.
For example, British Pound/US Dollar or British Pound/Japanese Yen. There is no central location like the New York Stock Exchange since it is a floating exchange rate and so it is referred to as an interbank market.
After doing research on this, called the forex, I found out there is also a huge industry making money off people teaching them to trade the forex. This industry charges thousands of dollars for seminars, charts, signals, trading systems, monthly newsletters and so on. This used to be the playground of only the very rich. In the past few years, the average person has been allowed in.
The forex market is open from Sunday afternoon to Friday afternoon, 24/7. Which is very cool.
People spend thousands of dollars on courses, mentors, charts, signals, and so on. They spend hours trying to learn this stuff and getting up at odd hours to trade at the "best times."
A process has started of bringing this to the "little guy" and show why you don't have to spend all of this money. You can start a forex account with as little as $1,000 (and why you should start with at least this amount), it is extremely liquid, and you can see how to get started and receive FREE signals each month, free charts, and spend only a couple of minutes a day checking out your account.
No systems to learn, no monthly fees, you just plug in the numbers. You won't have to get up at odd hours either.
You may be saying to yourself, 20% to 40% on my money every month is pretty awesome. What is better than that, is that your money will grow exponentially!
When your $1,000 grows to $2,000, you can increase what you risk by adding what they call a lot. So instead of making $200 on your monthly trade, you are now making $400 at 2 lots. That is the greatest part of trading the forex, the exponential potential.
One of the most beneficial things you can do before you invest your money, is you can receive a free practice account from your broker with some play money before you put your cold hard cash in. Try it for a month or two, see your results, then you can feel confident that you can put real money in an account.
If you have enough money to start with a $10,000 account, you would make $2,000 on your 20%. Learn to trade the forex the easy way with minimal effort.
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