Some people call Forex the "Best Kept Secret in the Investment World" because even though the Forex market is the largest and most liquid financial market in the world, the average person doesn't even know it exists.
Investment Trading is not a Get-Rick-Quick scheme. It is a skill that takes time to learn. Unlike stocks or futures, investment trading in the Forex market is a 24 hour market. With the ability to trade during the US, Asian, and European market hours, you can customize your very own trading schedule. Here are a few ways you can participate in Forex trading.
1. Hiring Someone to Trade for You
By doing this, you hire a money manager to make the trades for you, pay them a commission, and pretty much relinquish control of your money.
2. Learn Investment Trading On Your Own
This can be quite expensive if you enroll in a workshop, not to mention time consuming. To get you started, I would recommend you go through any search engine to look for a free online course to introduce you to investment trading. Most courses will explain how the currency pairs work including the interest you will earn from your trades.
3. Subscribe to an investment trading software package.
In many cases when you order a subscription, there will be a monthly fee to use the software but it will also give you access to the tools and education you will need need to setup your own investment trading account.
Forex Investment Trading Strategies
It's important to understand that most investment trading strategies do NOT teach people how to be directional traders. This means you will not learn how to "guess" which direction the market will move next. Neither do they provide you with a signal service.
What you will receive from most investment trading strategies is unlimited access to the internet-based software and unlimited access to training webinars that will show you exactly how to use the program and how to place your trades on various broker platforms. It will also show you how to set up your own account where you can manage your very own portfolio.
There generally are no charts or graphs to read and no research or signals to follow. You will trade currency pairs which, historically speaking, move in opposite directions and then be told when to enter or exit your positions. Most investment trading strategies relieve you from having to watch the markets all night, when they are most active, waiting for a trading opportunity. After you make 3 basic decisions based on your personal preferences, the investment trading program will calculate the number of lots to buy along with the corresponding buy and sell points for each currency pair you choose to trade.
3 Ways to Generate Revenue
Buy Low & Sell High
Many investment trading strategies will use the amount of money you plan to invest, the currency pairs you choose to trade, and the level of volatility that you are comfortable with to give you a preset price point to enter into a free brokerage account of your choice.
Once your account is set up, it will buy or sell a certain number of lots of each currency pair, even while you're at work or asleep. Since no one knows which way the market will go, the price points are preset to either buy low or sell high. Some programs actually give you the option to receive a cell phone text message or email letting you know that one of the price points had been reached. What you need to do next is tell the program what happened so that it will give you new buy and sell points to set up again.
Collect Daily Interest
By using an investment trading strategy, you can earn passive income on the difference in interest rates. After your portfolio is set up, you will be paid daily interest on the money you control in the market. When you buy a currency pair, you receive interest from the first currency listed in each pair, and pay out interest on the second currency in the pair.
For example, interest on the dollar swiss would be:
USD 5.00% minus CHF 1.36%. The net difference of 3.64% is what you would earn annually. These calculations are done automatically by your broker without any intervention from you. This interest is paid on the money you invested and also on the number of lots you own.
The Power of Leveraging
Leveraging means that for every $1 you use to buy currencies in your investment trading account, the broker you are trading through will make available to you as much as $400 to control in the open foreign exchange market.
Without question, the potential returns from investment trading in the Forex market are great. The decision you need to make now is how you would like to participate.
Adrianne Geyer has a Computer Networking degree and has been a full-time Internet Marketer since July 2000. She began Forex Trading in January 2006 and use this Forex Trading Software to trade in the open currency market.
Reuters - Stock index futures slid on Monday, tracking a global equity sell-off, as two European banks and another U.S. bank became the latest victims of the credit turmoil and investors worried if a proposed U.S. rescue would stem the contagion.
Free Courses Online Forex Trading Account ForexGft Australia Forex Market Online Forex Trading A World
Working Moms Home Business Tips
No comments:
Post a Comment