The Truth about Trading the Forex
Posted: Sunday, March 05, 2006
by Sue Edwards
I have been trading the Foreign Exchange Currency Market (Forex) live for a few months as of this writing. I have to say it is VERY exciting!
I was beating my brains out trying to trade the Stock Market. Over 40 thousand stocks to watch (way too many). I tried Futures trading. That was just plain wacky. I tried Options Trading. Many more losses than gains. Then I found out about the FOREX!
Here are only some of the advantages I have found trading the Forex:
You only have to watch one major currency pair (EUR/USD) to make money instead of over 40,000 stocks on the stock exchanges. Feel free to trade other pairs, but get good at it first.
The Forex Market trades 24 hours / 6 days a week. The Forex begins trading on Sunday at 2 pm EST and goes straight through until Friday at 4 pm EST. You can trade according to your schedule, unlike the Stock Market that’s only trading from 9:30 am to 4 pm EST.
You only need $300 to open a trading account with a Forex broker .
You don’t have to pay commissions to the broker . This is HUGH! What a savings! What you see is what you get in your brokerage account. After you close your trade the exact amount goes, instantly, into your account.
You can learn how to trade in a matter of hours. All beginners are welcome.
You don’t have to have any special degree to trade. No one is going to ask you what university you attended or what credentials you have. You are completely anonymous!
World’s best home-based business . You can have your own business with NO employees!
Work from home or ANYWHERE you can get an internet connection! (High Speed Broadband connection preferred) You are in 100% control!
In fact, you can sit at your computer and trade without having to talk to anyone.
You are now on a level playing field with the enormous international banks. The Forex used to be only available to the banking institutions until around 1999. Now individual traders can trade the Forex to make a healthy income.
Trading the Forex Market offers an unlimited opportunity! The choice is yours. I know which market I chose!
Wishing you the greatest success, Sue Edwards Find a new & exciting career trading the Forex! Get a FREE report at:
http://www.realforextrading.com This report will explain the Forex in-depth! It can change your life!
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Top-level comments on this article: (3 total)Absolute drivel. Care to show us how you've replaced your income? Forex trading is one of the easiest ways to lose your money, because there's a lot more to it than just choosing a currency pair and buying or selling it (as you are no doubt aware)!u r sooooooooo true
For independent advice, search Google using 'truth about forex'. Visit the first site.
This article is totaly misleading. More than 95% of all traders lose money on forex. bidding on forex is not much diffrent from playing a slot machine at a casino.
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