FOREX as a Home Business

Many people are looking for something legitimate to get into when it comes to starting a home based business. The FOREX market just may be the perfect opportunity when it comes to working at home. FOREX is the process of simutamously buying one currency and selling another.

I'll be the first to say that 99% of home based businesses are scams. After losing nearly $10,000 in work at home opportunities, I was looking for a way to make a decent amount of money though a legitment business. I've heard of FOREX trading before, but wasn't really quite sure just exactly what it was and how it worked.

In January of 2005, I decided to run a search on FOREX in Google and began reading articles and forums on the subject matter. It seemed that FOREX was the perfect home based business to start. I opened a demo account with $500 and started trading. Within my first 25 trades, I won 23 and lost only 2. I thought to myself I was ready to start trading on a real account.

Little did I know that there was a huge difference in trading on a demo account as opposed to trading real money. My entire psychology changed and I could not implement the same trading strategies that were previously winning on a consistent basis. Needless to say I blew out my first live FOREX account of $600. I decided to fund my account again with $400 this time trading under strict guidelines and much more discipline. Over the next month I managed to gain back my initial loss of $600 and gain a small amount of profit.

When starting out in FOREX, you will have the opportunity to choose between many different brokers. My suggestion is to choose a reputable broker that is well known. Most brokers offer a 3 pip spread on all the majors, some will offer a spread as little as 1 or 2 pips.

If you are not familiar with FOREX, another thing you might want to look into is a managed FOREX account. There are many FOREX signals providers that will send you entry and exit points, however only a selected few of them actually work.

It's now been a little more than a year since I started with FOREX as a home based business and I have compiled over $40,000 in profits. Attaining these results did take a lot of work and research on my part. The FOREX market can be extremely volatile. Do take caution and be sure to do your homework before trading with a live account.

Tim Rohrer is an established home business owner and FOREX trader. To learn more about FOREX trading, visit http://www.forex-investing.us

FOREX Signals Providers and My Experience

Trading FOREX can be extremely stressful and time consuming. In fact 95% of traders lose money in their first year trading FOREX. Many people feel as though if they are a stock broker, commodities or securities trader, they can come to FOREX and apply the same trading system and profit. This is where these people go wrong. The FOREX market an extremely volatile and unique market that can see huge market moves in a matter of minutes.

With the failure rate so high for first year traders, many have taken to FOREX signal providers. I can be the first to say that a lot of the FOREX signal providers are terrible. However, through my extended research I have come across a few that do work.

When using a FOREX signal provider, they usually send you their trading signal through charting software, e-mail or SMS. I did find it easy to receive the signal; however I was not always able to take the signals due to a day job. This really frustrated me since the service I was using was making money with their signals, however I wasn't always able to act on the signals provided.

The easiest and most effective way around this problem of not having access to a computer all day everyday is finding a service that provides signal updates through a cell phone. Once the signal is received through a cell phone via text message, you can then call the trading desk and execute the trade.

The only downfall with a decent FOREX signals provider is the times that the signals may come in. FOREX signals can come at any hour. If you are sound asleep at 3:00am and a signal comes in, either you wake up and take the signal or miss out on a trade that may or may not have made you money. However, this can work to your benefit from time to time in that missing a trade here and there may better your position taking the signal at a later date.

Lastly, choosing a FOREX broker is important. Many FOREX brokers offer a 3 pip spread on all the majors, some are much higher. You will want to choose a reliable FOREX broker that provides you with the lowest spread. A lot are around 3 pip spreads and very few have 1 to 2 pip spreads, but they do exist.

Which ever FOREX system you decide to go with, be sure to discipline yourself and stick to your plan. One mistake many people make with FOREX signals providers is that they use their service then they cannot bring themselves to take the signals. The key to making money in FOREX is money management and discipline.

Tim Rohrer is an experienced Forex Trader. Tim Rohrer provides resources for reliabbe Forex Signal providers. Learn how to effectively trade Forex. http://www.forex-investing.us

Forex Training

FOREX TRAINING

How would you like to work from your own bedroom, and make more money in one day than most people make in a month?

We all know that it's out there, but just how do you go about getting our hands on it? Well Here it is.

The Forex Spot Market

Trading FOREX is like picking money up off the floor. NOT trading FOREX is like leaving it there for someone else to pick up

Think about it. Few investors have ever been inside a corporate boardroom. But everyone in the world uses currency in their daily lives. And with international trade skyrocketing, it only makes sense that so much money flows through the currency markets each day. In fact, billions of dollars flow through these markets every few minutes. But despite vast profit-making opportunitites, many individuals are still wary of currency investing. You see, a whole lot of would-be traders suffer from the misconception that the currency market is more volatile than other types of investments. Join us and learn from the real world. World of Investing Get the real facts.

So here you get the Basics? and much much more. Here's a good nuts-and-bolts kind of guide that will give you the knowledge you need to start making serious money without a lot of rookie mistakes,

Here you will

1. Know the rules 2. Learn the rules 3. Take ownership of the rules 4. Live by the rules. 5. Make money at home 6. Start your own inhome business

Immediate Leverage

Learn how to trade with 100 to 1 up to 400 to 1 in other words you will be able to use 1000 to control 100,000.

Learn before investing your hard earn money, using a demo account with live information, In a live market

Finally a real opportunity!!! No people to sponsor, No MLM, Here are a few reasons why I love My very own Home base business...

You can start a business today with no prior experience, no years of college education,

You can start with as little as $300 and make ridiculous profit!

You can work for a few hours and make money while you sleep!

You can make money in your underwear sitting at the kitchen table!

You can be eccentric and have plenty of money to do whatever you want!If you are ready to dramatically increase your profit opportunities, then we invite you to join us on your quest for extraordinary profits with limited predefined risk in the FX spot market

http://www.internetprofitmentor.com/

Charmaine Freeland, Current Forex Spot Trader, Fromer 8 years of Stock and Option, and Futures Trader

Managing the forex accounts for you

Managed forex accounts are a boon for those who don't have the time to devote to the foreign exchange dealing. It's also for those who don't have the expertise to deal in the foreign exchange markets. Professionals are there for managing forex accounts. Management of these forex accounts is a very serious and a competitive business. Many investors like to allocate a portion their funds to forex accounts managed professionally. It helps them to diversify their risks and also mitigate any losses that may arise from other portfolios such as stock and bond market. Since forex transactions is a ball game separate from that of the stock markets, their profits and losses are also separate.

Therefore these currency-trading accounts can enhance one's portfolios in a great way. The forex exchange accounts that are managed professionally must be able to provide the following, irrespective of which forex trading manager or account that you choose

A currency trading account not tied to the stock market operations
The forex managed account should be able to provide a better return than the treasury bonds and other such money market instruments
Professional expertise is a must. The firm should have good standing in the market and have professionals who have experience in dealing in foreign exchange accounts. Most foreign banks and transnational firms employ the best and have constantly out performed others. It's not necessary that your forex account manager should be a Harvard Grad but in most cases it, they are better trained.
The firms that professionally handle forex accounts and forex trading must be able to leverage to give maximum profits.
The forex trading manager must be able to book profits in both the falling and rising currency markets.
Should provide for monthly / weekly reporting of the forex transactions as well as real time reporting if need be.
The forex accounts should be such that they are liquid in nature. They should give ease of withdrawal (of money) to the investors at particular time intervals and in cases of emergency too.

Depending on the firms that one chooses, there are various kinds of currency trading accounts that one can invest under. They may be called by several names such as Global forex accounts, aggressive forex accounts, and high value forex accounts etc.

For example the Global forex accounts might deal in many foreign currencies, many of which may not be the liquid currencies such as the Soviet Rouble or The Indian Rupee. Other accounts such as the aggressive forex accounts may deal in the most liquid of the accounts such as the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar.

The forex trading accounts also differ on another account, that of the initial investment that is required. Some forex trading accounts may need an initial investment of US$ 10,000, others US$ 50,000, still others might require an initial investment of US $100,000.

Being professionally managed, the forex trading account managers make use of various statistical analysis tools to give the optimum and maximum results and profit. Therefore considering the factors as given, choose the currency-trading fund best suited for your needs.

High-return Forex investing with professional management. For more info visit:http://www.forex-made-easy.biz/managed-forex-accounts.html