Forex Exchange Rate



             


Tuesday, July 22, 2008

The forex market exposed, wait until you see what's inside


" If You Want To watch as a millionaire forex trader legally exploits the foreign currency market, and reveal his proprietary techniques to help make you millions trading forex, then finish reading this now!" Dear Friend, Forex traders are raking in big profits with low risk high yield, investment strategies that exist only in the foreign currency market. Especially those who have a trained eye that can see excessive profit points that explode when done correctly. The forex market has created many millionaires who understand the exceptional leverage that is provided by trading currency. To be exact a 100:1 leverage ratio, this means you can leverage your money 1x100 so $100 leverages $10,000 and $10,000 leverages $100,000. This extraordinary benefit of the currency market allows you to realize windfall profits in a short period of time and can quickly make you a lot I mean a whole lot of money. Big Businesses, banks, and wealthy investors have been making billions for years from foreign currency exchange, and now the little guy with a few hundred bucks has the same opportunity to profit from this supercharged money making forex machine.

My friend the forex boom is just beginning and I have a secret weapon that neither the newbie nor professional forex fanatics possess. Let me put this in perspective for you, lets say you could have been friends with Warren Buffet before he became a billionaire and he was willing to show you all his techniques and insight into the markets. Would you have listened? I hope you answered yes, because every investor that got involved with Warren Buffet before he became a household name has since become super multi millionaires. Now you have a similar opportunity, but there is one problem (a good problem) the leverage that is available to you through the forex market will speed up the amount of time it takes to make substantial gains that made those select few multi millionaires.

There is a little known multi millionaire forex trading champion that I discovered online who has been dumping his number crunching brain power and secret proprietary forex strategies which have made millions for everyone to see. You would not believe some of the simple yet powerful techniques this forex fiend was revealing. I mean I was floored at the sight of some the stuff this guy was showing me because I knew it meant the difference between making millions of dollars, or still trying to figure out what a pip was (forex jargon). I had to put this in writing so everyone could A. (know about the forex market) and B. (get access to this forex fortune teller). The forex market has opened up new doors for everyday Joe Schmoes such as myself and will continue to grow and give new opportunities to those who want to discover a new way to wealth. The fact of the matter is when you combine a market like foreign currencies and a Warren Buffet like forex genius that equals profits, period.

Here are the keys to the vault. Will you unlock the Door? http://www.forex4checks.com . There is more there than you expect!

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Saturday, July 12, 2008

Forex: No psychological limitations


Back when I first started learning about investing, I decided to start from the beginning and read basic books on personal finance as well as "guides" for understanding all of the investment world in a nut shell. Most of these authors were very knowledgeable and informative, but their investment advice was far too conservative for my taste. They would literally write chapter after chapter talking about the differences between conservative investing, which according to them generally yields somewhere around 5% PA, as opposed to "risky" investing which usually meant a diversified stock/mutual fund portfolio yielding (in my mind) only slightly higher averages. What kind of returns can you expect in the stock market? Well they say the market has gone up an average of 10% a year since Adam and Eve. Popular indexes like the DOW and the now more popular S&P500 have always, like real estate, "gone up over time."

Now, these market averages are almost worshiped like golden calves. Repeatedly drilled into my brain was the concept that there were hundreds (if not thousands) of fund managers and other "professionals" out there with Harvard degrees, decades of experience, millions of dollars under management, and they were all spending 15 hours a day consuming every single bit of market information in the hopes of beating these golden calves by a few points.

What chance did I have? If Dr. Fund Guru Jr. who eats, sleeps, breathes the markets and has more credentials than I have individual hairs on my body can't consistently make 20% a year...well...forget it kid...your chances are slim to none. I guess I'll buy some shares of XYZ fund and accept the scraps off the table from the stock gurus.

NOT!

The foreign exchange market offers many benefits that the stock market does not have. Most of these have been beaten to death on various forums, blogs, articles, e-books, etc. However, it's always good to reiterate the positive (my own personal reason is last): - Forex offers unprecedented liquidity. With over two trillion dollars transacted per day on the market, it makes filling any buy/sell order virtually instant. That equates to less slippage and more profitability. "Paper trading" stocks vs actually trading stocks is very different, because orders may not be filled in a timely manner. The difference between trading a forex demo account and an actual account is virtually nill. - Forex is available 24 hours a day 5.5 days a week, as opposed to the daylight trading hours of the stock exchanges. - Forex is uncontrollable by large entities. Large net worth individuals, banks and fund managers who throw their weight around in the stock market can often have huge effects on price action. Because of the immense volume of foreign currency traded per day, the market is unmoved by "heavy hitters." Not even central banks can control the Forex market. - Forex offers up to 200:1 leverage as opposed to 2:1 stock leverage. - Forex has no restrictions for selling short, as opposed to the stock market's "uptick" rule - Forex can actually be traded INSIDE of an IRA or Roth IRA account. - Forex gains are taxed at the preferred 60/40 rate, no matter what trading style you use (intra-day, swing, position) as opposed to the tax penalties for holding stocks for short periods of time.

The list does go on, but for me the biggest advantage is a psychological one. I know it probably sounds silly, but fear and intimidation can sometimes subconsciously defeat us before we even begin. I don't like the idea of having to live up to, and in a way, compete with "professional managers" who have more knowledge of the fundamentals of the markets than I ever will. It's almost as if Forex, in some way, levels the playing field. I don't have to psychologically compete against anyone's idea of what kind of returns are "acceptable and realistic" and what kind of returns are "pure fantasy." I only have to trade until I can find an acceptable reward to risk ratio, and consistent profitability thereof. The only one I compete against is myself.

-Joshua White http://www.consistentforextrading.com

Joshua White is a willing student of anything that makes consistent, moral and ethical money online. Come learn with him at http://www.consistentforextrading.com

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