Judging by the email and comments I’ve received both in public and in private, it looks like most of you are more interested in Forex trading. So, the next five posts will be on Forex trading, a basic guide for beginners. This is going to be an introduction to currency trading, written in simple language to help you get a grip of the elementary aspects of this business.
As you can see there is no shortage of Forex courses on the internet, both free and paid, but most are written in trading lingo that are sometimes difficult for a beginner to understand. This post and subsequent ones will address that for you in simple language what is Forex trading all about.
Forex, FX or Foreign Exchange is simply the buying and selling of currencies while making a profit in the process. The same as buying and selling of other commodities like gold, silver, crude oil and other products too numerous to mention here. Practically any industrial means of production is trading in various exchanges in one form or another. Stock prices, company shares are all fashionably traded by savvy traders and investors. [click to continue…]
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This is a quick post to remind you, last minute shopper that your time is almost up. The train is about to leave the station. It will be another six to nine months before, you get this chance again. What am I talking about? Christmas shopping?
Trading Forex or any of the financial instruments can be nerve wrecking, especially for a newbie unless you take time to study the traps that lies ahead and prepare to avoid them. This is very important because a lack of this basic step will end up costing you a fortune or may derail entirely any hope of financial reward that a good trade can bestow on you. One the things that confronts a newbie, by newbie I mean a novice trader, is the lure to make money from nothing. A good guess are the Forex Ads that promises a huge leverage on a tiny investment of less than a thousand dollars. They are simply designed to make you open an account but not necessarily meant to make you wealthy. They are legitimate enticements for you to open up a trading account with that particular broker but by no means should you be deceived into thinking that you’ve landed a jackpot at the casino. Do you know that statistics have shown that 99% of people who start Forex trading end up loosing money and quit trading in despair? I hate to spoil your interest in Forex trading with this unsavory news, but it’s better for you to start this exciting money making venture with your eyes wide open and feet firmly planted on a very lucrative business. In response to your emails here are what to avoid as a newbie. 
Between the eagle and the earthworm, who can best teach you how to fly? The eagle or the earthworm? The obvious answer would be the eagle, right? The same logic should also apply when looking for online money-making opportunities. So in this post, I will reveal to you my mentor, the eagle who made it possible for me to be a blogger that I am today. It will answer a lot of your questions about the business of blogging. I was once like you, aimless, confused and disappointed. I wanted to make money online so much that my initial attempts came up short, losing money at every turn, with useless materials that I bought from from slick merchants. Though I made money selling books on eBay, the income was not enough to sustain my ambitious goals. So my burning desire to make money took me through the twisted turns of the internet world until I met a good friend and mentor, 
Forex trading also known as currency trading or foreign exchange trading is the active buying and selling of any government issued currency. For instance in the United States of America has the US dollar. In Canada, they have the Canadian dollar. Continental Europe has the Euro. Great Britain has the British Pounds and so on and so forth. You get the point? Countries trade their currency for another in the same fashion as buying consumer goods from one another. In essence, currencies can be classified as commodities. It was once a closed game between bankers and financial institutions until recently while making money like bandits. Sometimes they lost too, but nothing compares to tons of money they made at the expense of ignorant masses.
