Love2Sexy Graphics | How to Get Rich Quick With Foreign Exchange Market?

How much money can I make trading in the foreign exchange market?

A lot, enough to live on your profits and even make a fortune.

Can I lose money trading forex?

Is the sky blue? Of course! In fact, you can potentially lose all your money just minutes after you start trading if you don’t know what you’re doing. Others have lost all their life savings and ended up homeless.

Is it volatile?

Very volatile, and the effects of volatility depend on how leveraged your positions are.

Is it risky?

Trading is extremely risky if you don’t know what the hell you’re doing.

Cmon, is it really that risky?

The risks can be high but also controllable. Forex traders around the world are competing against other forex traders, banks, and institutional traders who are seeking the same potential rewards from their own trading activities. Money management, discipline, talent, and a lack of emotion are traits you will want to develop as a forex trader. But remember, Forex trading is speculative and any capital used should be money you can lose NOT rent money. If you're a novice trader, we recommend that you trade on a demo account until you have shown profit for at least 2 consecutive months before trading real money.

What Is Demo Trading?

A demo account looks and acts just like a real trading account except it does not contain any real money. It is set up with “play” money for the purpose of practicing & sharpening your trading skills within real market conditions without risking any of your own real money. We strongly recommend that you trade on a demo account until you have had at least 2 consecutive profitable months in a row. This is our way of being responsible to you and it's a crucial part of the learning process.

How is Forex trading different from traditional securities and stock trading?

Forex trading is a very short-term investment strategy in relation to other investment vehicles. Trades may last from a few minutes to several days, or sometimes a few weeks.. The goal is to increase daily or weekly profits in your forex brokerage account, compared to long-term growth investments like stocks, mutual funds, bonds, or long-term notes that may be redeemed at a future date. Forex traders frequently jump in and out of the market and closely monitor their positions throughout the day.

What is the leverage at this market?

Most forex brokers usually offer 100:1, but higher leverage such as 200:1 and even 400:1 are also available. A 100:1 leverage means that with $1,000, you control $100,000 of currency. No other market gives you so much liquidity and leverage at the same time.

Why does it seem nobody knew much about Forex until recently?

Until a few years ago only the “big boys” could play this game. The initial requirement was that you could trade only if you had over ten million dollars. The foreign exchange was originally intended to be used by bankers and multinational corporations. Forex was opened to everyone during the late 90s. It’s the number one market in many different aspects. It is the most liquid, largest and fastest growing financial market in the world. Trading forex attracts many new investors because of its huge leverage and low start-up capital requirement. Most firms let you start with a mini-trading account with a measly $250.

How can I get rich quick?

If you use high leverage and get super lucky. Let's say you leverage your positions at 100:1. That means that if you start with $1,000, at full margin, you can trade $100,000 of currency.

So, if you have $1,000 to trade and you want to buy Euros for example, if the EUR/USD pair is at 1.20 and it rises to 1.21 in ten minutes you make a $1,000 profit. You double your initial investment in just ten minutes!

What if I’m wrong?

If you’re wrong and the price goes down to 1.119 in ten minutes then you lose your $1,000! You lost all your money in just ten minutes!

A 1% change in the price of the currency can either give you a big profit or a big loss.

You must know what you are doing if you want to make money trading forex. High leverage and a low deposit to open an account is what lures many new traders to forex, but it’s also what usually makes them lose all of their money.

Okay, if I can't get rich quick, what should I expect to make?

Individual results can vary greatly between each trader. There are many factors which may affect a trader's individual performance. Such factors include but are not limited to: the currency pair or pairs traded, the level of aggressiveness and the number of trades taken, the amount of leverage used, the amount of available margin in an account, the style of trading, the amount a trader risks per trade vs. the amount of attempted profit, the trader's level of understanding and application of the study material, a trader's overall experience, skill, emotional control, internet connection, etc.

We will help you to acquire the know-how to become progressively more successful as a trader in the Forex market.

Do I need to have any specific academic background in order to be successful?

Not at all! Successful active traders come from many different professions. Very often, people who are very successful at school or at their businesses wrongly believe that their success will be automatically transferred to forex trading. It's usually not the case. Active trading has its own learning pace and our forex education will prepare you to enter this exciting field.

Can I start part-time from my home or office?

Does a bird fly? Absolutely!

How do I start trading?

Open your free forex account. Learn Demo trade or Virtual Money until you can trade profitably. Get started now!