How do I make Extra Money? With Foreign Exchange aka Forex of cause! OK then... What is Forex, really? Forex is all about making money making transactions virtually every second 24hrs per 5 days per week all year round. To explain, , Forex is a portmanteau of the words "Foreign" and "Exchange" and is quite often referred to as just "FX". In a nutshell, Forex is a big, huge, colossal, gigantic, money and commodities market. Forex is definitely bigger than all of us. It is so big that the combined Forex Traders accounts of every country worldwide, has an annual currency turnover that exceeds the collective annual volume of the gross domestic product worldwide. This amounts to more than 945 Trillion US Dollars - $945 000 000 000 000.
Having said that, it is an indisputable fact that the
Forex market is the
largest market in the world. Every developed country worldwide contribute to it's existence and functionality, with its main
Forex hubs located in
New York,
London and
Tokyo, hence the main currencies are
USD,
Euro,
British Pound and
Japanese Yen. The
Forex market constitutes
brokerage houses,
banks and various other enterprises, all linked together by
Wide Area Computer Networks,
VPN's and
xml b2b networks and
telephone networks, as well as the
World Wide Web. The distributed physical location of each
Forex node necessitates it to be functional
24 hours a day, five days a week - a trading day lasts all day and night. Essentially the
Forex market opens for regular business hours in four different parts of the world, each catering for their respective time zones. The
Forex market is closed over weekends -Saturdays and Sundays- and I think its because all the brokers
go play golf.
Only Joking..., however, the greatest advantage of the
Forex market is that it's not located at a specific or central location but scattered or distributed and all the processes and profit making is carried out in the cloud -
The Global Internet. So without leaving your home or office you can buy and sell, stocks, shares, bonds and trade currencies. In fact anyone can do this and make huge profits
trading Forex and all you need is a
personal computer and an Internet connection or even a laptop or a notebook computer and a
coffee shop with WiFi. A
3G smartphone would even do.
The annual turnover of the
international currency Forex market is constantly increasing as the permanent investor base increases monthly, resulting in a turnover of
3-5 trillion USD daily. Currently this increase is climbing at a rate of 6-8% but as
computer technology gets faster and operations can be executed quicker, it is only a matter of time before the rate of increase reaches 20%. This implies a logarithmic doubling of the
Forex market turnover every five years. Restated,
$945 000 000 000 000 will more than doubled every five years.
Can you afford NOT to be part of this huge money market?
The
Euro/US dollar exchange rate is constantly fluctuating because of the numerous influence of different world events. This gives rise to the opportunity to make money in the international exchange market daily and therefore an opportunity not to be missed. Daily fluctuations of 1% are quite common and with a
Forex leverage of 1:400, you can turn a 1.2% change into 480%!
This implies that $100 US, could make you as much as $40 000 US, within one month.
For as little as $25 US, you can get a slice of this gigantic cake, but for a
$100 US, you can get a much larger slice of this monstrous
$945 000 000 000 000 US. Many, many
Forex traders are standing by,
to make money for you. Signing-up with one of them is the easiest thing to do. View this blog and my previous blogs for
Forex traders who will give you a
$50K trading account absolutely free. You can trade any of the following currency pairs: -
AUD/USD, GBP/USD, USD/CHF, USD/CAD, GBP/JPY, NZD/USD but if your country's currency is not included, you can do your first currency transaction with your credit card
and sell your currency and buy some US Dollars. Simultaneous buy sell and buy is the basic nature of
Forex.
Making money through Forex using a computer or
Forex Robot has never been simpler. Very shortly you will really see, how
Forex is one of the easiest
ways to make money online.
