Day 1: Why Should You Trade Forex?


With an estimated “$3.2 Trillion” traded on the foreign exchange markets daily, it’s no wonder that millions of people worldwide are scrambling to claim their share of that money and “secure their finances for years to come”…

Even if you don’t know anyone else who is looking into Forex trading, I can bet your bottom dollar that you will soon.

Why? It’s simple ‐ with the global economic downturn, spiraling living costs and rising unemployment, people everywhere are getting scared.

Household budgets are being squeezed to breaking point leading all different kinds of people to look for ways to pad their wallets again… and Forex definitely ticks all the right boxes.

With almost non‐existent startup capital needed (how much you need to invest to start with) and the ability to trade 24 hours a day from the comfort of your own home, it’s no surprise that many see Forex as the “holy grail” in their quest for financial freedom.

And with the most prestigious organizations in the world relying on trading currency to make the bulk of their money, confidence in Forex trading has never been higher.

It’s true ‐ Banks are some of the biggest “players” in Forex trading and put much of their wealth down to the success of their currency exchange campaigns.

With this fact in the forefront of their minds – if the World’s most affluent companies make a large percentage of their income from Forex ‐ many people think, “Why can’t I”?

And that’s where the deception begins.

Forex trading is a very risky and volatile business. Things happen fast. You can lose your money fast.

OR – if you know what you’re doing – you can make money fast too… it’s just getting to that point can take years of practice, experience and knowledge.

The sad fact is that most traders (I’d like to estimate as many as 90% of beginners) actually end up losing money from their trades. Even experienced traders, such those employed by the banks, DO make mistakes and bad “gambles”.

It’s just like any money making scheme or business – you’ve got to risk money in order to make money…

I’m going to tell you right now that if you’re here to make millions overnight, then you might as well go and blow what money you have in Vegas… because building wealth with Forex takes time, dedication and a LOT of patience.

But why the doom and gloom?

I’m sorry if you’re feeling a little down after reading that but it’s the cold hard truth that MANY of the forex salesmen and scammers don’t want you to think about.

If you play your cards right (and there are THOUSANDS of strategies & systems which help you do that), then you can make more than enough profit to live off. It’s just you will end up losing some money sometimes

All the most successful traders plan to lose money by aiming to earn more profit in their successful trades to more than accommodate their losses. It’sjust they NEVER trade beyond their means… meaning they don’t risk more money than they can afford.

However, there IS plenty of good news for beginners. What used to take YEARS of experience, losses and knowledge can now be learnt in a matter of days.

How? With the recent influx of people flooding to get into Forex Trading, many salesmen and marketing people have spotted that people, in situations similar to yours, are all looking for systems and strategies that WORK…

And being generous people – they provided them. I’m going to tell you more about those later in the book, but first I want to give you the low‐down on Forex and more importantly – how to profit from it.

Introduction to Forex

Forex (short for “FOReign EXchange”) trading is by a wide margin the biggest financial market in existence, featuring an estimated daily traded volume of some $3.2 Trillion and unique characteristics which enable traders from all around the world to start investing on a relatively low budget, but with outstanding profit opportunities.

When you trade in the Forex market, you are speculating over the future trend of a currency pair. Supposing you are trading the EUR/USD hoping the Euro will gain value over the US dollar, opening a trade means buying a predetermined amount of dollars in exchange for Euros at the current market price: conversely, when closing the same trade you are reselling Euros in exchange for US dollars.

Although the number of factors contributing to the price oscillations of a currency pair is certainly large, these can be grouped into two general categories. The first main influence is given by the economical stability of the two countries involved and financial news that are regularly released during press conferences; the second great influence are trend patterns that are subject of advanced mathematics and probability concepts, and can largely be attributed to the psychology of the traders involved in this market.

The unprecedented attention that Forex has been drawing to small investors all around the world in recent years mainly has to do with the very unique possibilities offered by this market.

In fact, since price oscillations in currency pairs rarely go beyond a daily ±1%, brokers have started offering their clients the possibility to leverage their investments on a scale that typically ranges from 20x to 400x their initial investment: this means that you can control as much as $40,000 with an initial deposit of just $100 and temporarily borrowing the remaining $39,900 from your broker, which gives you the possibility to greatly enhance your profits.

Another unique feature of the Forex market are the trading hours, with the possibility to trade 24 hours a day, five days a week. The main reason for this is in the fact that there is no actual physical location where forex trades take place, so the market movements keep on all day long, intensifying during certain timeframes (such as 9:00‐17:00 local time in the US, Japan or Europe, the countries featuring the strongest currencies and economies).

Also, many brokers don’t charge any commissions at all to their clients, but are merely compensated by what is commonly referred to as the “spread”, the difference between the bid and the ask price of a pair. This accounts for extremely flexible trade sizes, since charging the spread only means a fee that is always proportionate to the size of the trade, and no penalizations for small or very small trade sizes.

These and many other advantages that are unique to the Forex market have been known by brokers since the introduction of this market in 1971: however, only in recent times the opportunities offered by fast and reliable DSL Internet connections made it possible for brokers to offer the full range of their services through an online platform.

Since the early 2000s, the online forex brokerage industry has been constantly expanding, attracting a growing number of investors around the world that want to take their chances in this extremely risky, but also very profitable market.

You’re going to learn the exact 4 step process to starting to earn real profits with Forex.

To cut out ALL the stuffing, we’re giving you the FACTS in as concise and straightforward fashion as possible…

Action Steps for Today:

check None… for now. Tomorrow you might just have an assignment…
 

Tomorrow’s lesson is: All About Forex Basics

Until Tomorrow,

Walter Madenford

 

Next Steps:
1. Signup for a broker – the best broker we’ve found is Easy Forex. You can deposit money in a variety of different ways, including credit card payment, and you can start for as little as $100

fap-turbo

You can Read our full review or Visit the Website by Clicking Here >>

 

2. Select an automated trading software – one that will sync with your broker account. From our research, the most accurate and most aggressively back-tested software is FAP Turbo.

fap-turbo

You can Read our full review or Visit the Website by Clicking Here >>


 

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