Forex

Forex (Foreign Exchange) is one of my favourite tool that i use to earn money. So how did forex work?? Have u ever been to money changer before? lets take this scenario as example, you and your colleagues have agreed to go to batam island this coming weekend. so you are in charge of getting your singapore dollar to be exchange to Indonesia Rupiah. So go to a Money exchanger booth and take up 200 dollar to exchange so Rupiah. When you just take the money from the teller and ready to leave, your colleague call you and say the trip have to be cancelled. You quickly take up the Rupiah and want to change back to Singapore dollar. So do you think you can still get back your whole 200 dollar intact?? NO! u probably get $19x+++ back. The difference is the money exchanger profit. So this is also part of foreign exchange. However the Forex im talking about is not asking you to open those little booth and do trade like that. What i am talking about is the Online Forex trading whereby through online brokerage able to trade various major currencies pair and you can actually trade forex for living and in fact there are various example i can give. So before i get you all excited about forex let me give you some pro and cons about forex compared to stock market.

Pros:
- 24/7, so you can trade practically any time (stock market until 5 normally)
- able to leverage
- high volatility
- one of the quickest and fastest earning tool available
- relatively low initial investment (around USD$300)

Cons:
- one of the fastest losing money tool too (for novice)
- leverage increase profits but also increase loss

So you might need to consider when taking up forex as it might not suitable for every individuals. However Forex is the largest Market on the earth with around 3.2trillion dollar traded per day so there are many chances to earn money inside. All you need to do is just to take money from all the novice, sound easy? trust me is not easy! you need consistent practice to hone your skill in trading. Check up the free demo account for forex that i posted at my treasury, you can download for free and start trading immediately for free. i personally prefer this trading platform as the trading tools provided is complete and easy to use. for more information about forex can visit http://www.forex.com/. Next entries i will talk more about Forex see you!

"Sucess is the result of good judgement. Good judgement is the result of experience. Experience is the results of bad judgement" - Anthony Robbins