Forex

The Most Lucrative Part-time Job or Home Based Business EverThe Forex market is relatively new when compared to the traditional stock market. The Forex or Foreign Exchange Currency Market was open to the public in 1998. In a year it will be a decade old. This is one of the major reasons most people do not know about the Forex. The first reason why you should take a closer look at the opportunities in the forex market is because of its liquidity estimated at $2 trillion daily. The other reason is that it is traded 24 hours of the day and 6 days in a week and participation is open to all, from individuals like you and me to very large financial institutions.With the economic situation of our day worldwide, where there are no more job guarantees it is not unusual to wake up one morning and find oneself jobless. In such times, there is an increasing need for a lucrative part-time job or home based business. This is something that you can had absolute control over.There are of course a multitude of money making opportunities out there, but to be factual, it is very difficult to find a real opportunity which will allow you to make a living from your home computer. Even when you do, you would have to spend hours doing market research and invest large sums of money to bring it to fruition. That is if you have not gotten involved in a scam project. Most of the opportunities on the web today, even if you make big profits, may be held by someone else. In other words, when you participate in those turnkey businesses, you do not have control.In addition to all the "fire your boss today" opportunities, there is a program on CNBC called Mad Money that seems to begetting to the masses and unknowing students to invest in the stock market. In reality this is a very expensive experiment especially for student that do not have a lot of capital. Buying a Goggle stock for $400.00 a piece is very expensive given that your capital can be wiped out if the stock goes against you by 100 points. That money could be better invested in the Forex positions (trades). The forex market which is also called FX is not really as difficult as it seems. There is not that much technical vocabulary to learn, and the risk is considerably low, if you compare it to the other markets. If we assume that you have 40% loosing trades, you still have 10 trades left to bring you profit. The fact that part time job and home businesses seekers should really consider is that you can choose when to trade, how much to trade and where you want to trade; all you need is an Internet connection, and you are ready to tap in the biggest market of the world with $ 2 trillion activity everyday in the same way banks and large corporation do. Contrary to the trading of stocks, you do not have to start with a $1000.00 capital. You can start with as little as $250.00. When you trade a mini lot (10,000 units) of e.g. GBPUSD currency pair your entry ticket costs $28.00. So when the pair goes your way 1 point, you are $1.00 in profit and vice versa. You can also trade lesser trading units and you can trade for as little as $1.00. It is therefore possible to turn a $28.00 investment to a profit of $100.00 in 24 hours if the currency moves in your direction 103 points. Imagine been able to do this 2 times a week. In a good week, this pair moves an average of 400 points.The Forex market is not a get rich quick scheme it is easy to learn and understand. It is also easy to make money in the forex if you let someone dedicated to your success teach you. Mercedes made more money with FOREX trading than with car manufacturing this year. It is a good way to make $100(0) a day.Trade without money for 3-6 months on paper, than when you learnstart trading real money. Dont be greedy. 10-20 pips a day is enough.Start with $250 and build it up to thousands slowly. When you become a successful trader, you can live anywhere on the planet