These are few of many success stories I received in the past 3 months. You can get featued here once you earn more than $1000 from forex trading. Just send me a screen shot of your trading account and your details.
Nishadha Silva25 yrs
Software Engineer at IFS ( R&D )
Admin of rumblinglankan.com
Read about his experience here.
For around two years I have tried out various methods to make money online. From reading commercial e-mails , filling surveys to affiliate marketing and blogging. Of all those methods Forex trading is by far the best money maker for me.
It might look a bit overwhelming initially but with the proper training and guidance you can be on your way to making money in weeks if not days. Wish I know about this two years ago.
Nadeesha Cabral20 Years.
Internet Entrepreneur.
admin of rockfuse.com
Read about his experience here.
Forex market is a Gold Rush - depending on your methodology used to find gold. Taking risks is essential, but at the same time, cutting risks through informative decisions will be your edge to Forex success.
Of course, by forex success I mean, raking in $1000's every month with a one time $100 investment.
Eranda
Age:23
University Of Colombo.
Admininstrator - Money Making Ideas
I have been trading forex for over a year now. I have written few articles about this in my blog and many Sri Lankans were able to make use of those information.
Sri Lankans easily fall in to scams like sakvithi, Gold quest, seagull because they are not aware of legitimate money making opportunities. This is an attempt to introduce you to the real international money making world. You can verify the legitimacy of forex trading with any authority before start trading.
I hope you are having fun with your practice trades. And learn forex trading while you are having fun. If you like, you can fund your account now with real money to start trading for real.
I have a Fool proof forex trading guide which values over $297. It contains all the details about how to use charts, indicators, signals and step by step strategies followed by world's top forex traders.
You can get it from here for absolutely free.
If you have not Downloaded the software yet, get it from here.
The Story Behind Forex trading.
What is traded in the forex market? The simple and straight forward answer is money. Forex trading is the simultaneous buying of one currency and the selling of another.
Currencies are traded through a broker or dealer like EToro, and are traded in pairs; for example the euro and the US dollar or the British pound and the Japanese Yen.
The Forex market is considered an Over-the-Counter or 'Inter bank' market. This is due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Until 1990, the minimum requirement to open a forex trading account ranged from $ 10 million - $50 million. It was only intended to be opened for bankers and large financial institutions. Due to the rapid growth of internet, now these large financial institutions are offering retail accounts to us.
Our broker eToro is one of them. Their institution is called "retailfx" and one of the largest in the industry. They are regulated by all the relevant financial authorities through out the world and they have the capacity to offer us a retail trading account with a minimum deposit of $50.
Why FOREX?
No commissions.
No clearing fees, no exchange fees, no government fees, no brokerage fees. Brokers are compensated for their services through something called the bid-ask spread.
A 24-hour market.
The Forex market never sleeps. (Expect for weekends.)
No one can manipulate the market.
The foreign exchange market is so huge and has so many participants that no single entity (not even a central bank) can control the market price for an extended period of time.
Super High Liquidity.
Because the Forex Market is so huge, it is also extremely liquid. With a click of a mouse you can instantaneously buy and sell at will. You are never "stuck" in a trade.
You can even set your online trading platform to automatically close your position at your desired profit level (a limit order), and/or close a trade if a trade is going against you (a stop loss order).
Free “Demo practice” Accounts, News, Charts, and Analysis. Forex brokers like our eToro offer 'demo' accounts to practice trading, along with breaking Forex news and charting services. All free!
These are very valuable resources for traders who would like to improve their trading skills with 'play' money before opening a live trading account and risking real money.
Low entry requirements.
How you make money from forex trading?
When you do a forex trade, it means you buy a currency in exchange for another, hoping that the currency you bought will increase in value.
For example,
You bought 10,000 Euros at the EUR/ USD exchange rate of 1.80
In other words, you acquired 10000+ Euros at the expense of -18000 USD.
One hour later, you trade back your Euros back in to US dollars at the EUR/USD rate of 1.90
Which means you gave back 10000- Euros and gained back 19000 worth USD.
Your profit is ( 19000-18000= 1000) Thousand dollars.
Buy : EUR 10000*1.8 = 18000
Sell : EUR 10000*1.9 = 19000
Profit :1000
Now you have a idea about how forex trading works. If you like, you can convert your practice account to a real account and get my $297 value "forex Strategy Guide" for free. Click here to learn about amazing cash prizes on offer.