Imagine you wake up in the morning, turn on your computer and you see a good trading opportunity. You decide to enter the trade and then you go for your morning coffee. When you come back to your computer 15 minutes later you have made 1500.00 dollars. This is just one example of what it is like to trade Forex. Working part-time and being able to earn more than you are currently earning working full-time is nothing.
You will also have a hard time finding a job this exciting. You have the potential to earn 300.00 to 3000.00 dollars in just 10 minutes. You can do this from the comfort of your home and you don’t need a big investment to get started. You can start with just $300.00. Once you enter the world of currency trading you will be hooked.
Still, this market is not for the faint of heart. Unless you have nerves of steel, you should stop reading and find a more conservative way to make money. But if you are someone who loves adventure, can make quick decisions, and knows how to earn, trading in Forex is for you.
At first glance, the charts look the same as any stock chart, but you will quickly notice the momentum and volatility that creates trading opportunities every minute. Forex trading has the potential for higher earning percentages than any other investment. This is because you are leveraging out of the money. Leverage ratios as high as 200:1 are available from some brokers. You won’t find this kind of ratio in the stock market or real estate. Brokers do not charge commissions, although they make money on what is often called the spread. This is the difference in price between what you buy the currency pair for and what you can sell it back for. The spread is shown in PIPs (Price Index Points). For every pip the currency pair moves, you can earn ten dollars by trading one lot with a regular account. It is not unusual for a currency pair to swing 30-50 pips in a very short time. A 50 pip swing with 1 regular lot traded brings in $500.00.
Don’t be fooled, this is not a way to get rich without research. You need education and an understanding of the Forex market. There are so many people claiming to be experts selling their systems and seminars. Do your due diligence; there is no substitute for a good education. Don’t be fooled into believing that you need to spend a lot of money to get the tools and knowledge necessary to succeed as a Forex trader. Some low-cost courses offer more than $3000.00 worth of software. There are even free charting packages available with demo accounts so you can practice without risking real money. Take the time to research the Foreign Exchange Market.