| ht (c) 2006 Avi Frister | | | | 4. With the right system the forex trader can trade |
| Forex, or Foreign Exchange, trading can be a very | | | | with just following simple rules. If A happens and B |
| rewarding. In fact, it can be one of todays best | | | | happens then do C. This is called mechanical trading. It |
| wealth generating opportunities. Regular people like | | | | requires absolutely no discretion, interpretation or |
| you and me are consistently making $500, $600 and | | | | thinking from the trader. |
| more per day from the comfort of their home | | | | 5. The forex market is a 24 hour market. Never |
| trading forex. Many do not know this, but the forex | | | | stops. This means that as a forex trader you can |
| market is by far the largest market in the world. It is | | | | chose exactly when to trade. Some people have day |
| estimated that around $1.5 TRILLION is traded every | | | | jobs and do not have the necessary time to trade |
| single day. By far more then all the stock, bond and | | | | during the day so they can trade at night. People |
| futures markets of all the world combined! | | | | who make their living as forex traders can chose to |
| But what does a forex trader do? Simple, buy a | | | | trade any time of the day or night. The point being, a |
| currency at a low value and sell it at a higher value, | | | | 24 hour market allows the trader a lot of flexibility. |
| and in the process profit from it! For example, buy | | | | 6. An incredible benefit of the forex industry is that |
| Great British Pounds with US Dollars, wait for the | | | | today all forex brokers allow traders to open free |
| Pound rate to go up and make money! This can be | | | | demo accounts. This means that the trader can test |
| done several times a day if the forex trader is a day | | | | his strategies without risking a single dollar! In fact, I |
| trader or several time a week or month if the trader | | | | always test my trading strategies before going live. I |
| is a forex swing trader. | | | | make sure they work before risking real money. I |
| Lets look at the exclusive benefits forex trading | | | | know of no other business opportunity that allows |
| offers: | | | | you to see if it works before you spend money! |
| 1. The forex trader can start trading with as low as | | | | 7. Making a living as a forex trader allows you to be |
| $300. Yes, today most on-line brokers will allow you | | | | truly free! No office, no workers, no inventory, no |
| to open an account with such a low sum making | | | | marketing worries, no advertising, no selling. For me |
| forex trading accessible for virtually everyone. | | | | this is one of the greatest advantages of being a |
| 2. The forex trader does not have to own the | | | | forex trader. No headaches! |
| money he or she is using to trade currencies. | | | | In conclusion, the forex market provides a lot of |
| Through a concept called leverage, the traders | | | | opportunities that many markets and industries do |
| broker will allow him or her to buy up to 400 times | | | | not provide. Many people hear the term forex and |
| the value of the traders account. For example, if the | | | | get a bit scared, they are afraid of the unknown. Do |
| trader has US $100 in his brokerage account he can | | | | not be, forex trading is something that people have |
| buy/trade $4,000! If he has $1,000 he can buy/trade | | | | been using to generate wealth for many years. The |
| $40,000. That is how traders actually make $500, | | | | reason many people have not heard of this |
| $600, or $700 per day trading forex, using the | | | | opportunity until recently is that until not long ago |
| brokers money! | | | | trading currencies was reserved to the big dogs |
| 3. Many currency pairs are very volatile. Volatility | | | | (banks, institutions, companies etc). Today with the |
| means that they move a lot during the day, from | | | | help of the internet anyone can take advantage of |
| side to side. This allows the forex trader to capture | | | | on-line currency trading that was once reserved to |
| several price swings that this volatility causes. In fact, | | | | an exclusive group. |
| there are currency pairs that offer up to six daily | | | | Wish you well and I hope you found this article |
| swing opportunities, each one potentially allowing the | | | | useful. |
| trader to capture impressive profits. | | | | |