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07-12-2012, 02:22 #1
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Your Mother Could Make Money In Forex Trading
The question would be not whether she could but rather would she enter the Forex trading market. The Forex day trading arena is a veritable snake pit ripe for scam artists to bilk money out of unwary investors. On the other hand, it is a forum for educated traders with the correct education, tools, and trading strategy to make a handsome income.
Becoming a successful Forex trader basically comes down to four things; 1) attaining the correct education, 2) using Forex tools which 3) use your own personal trading strategy, and 4) finding the correct Forex broker to fulfill your requirements. Let's look at these individually:
Attaining the correct education. Your Mother may not know the difference between a Forex PIP and one of the backup singers for Gladys Knight. So would you send her to one of those infomercial Forex riches classes to find out? We hope not! There are literally hundreds of training courses and materials out there for proper training. Word of mouth recommendations might be the best path to follow here.
Forex tools can also do many things like send trading signals and various buy/sell alerts to your desktop or mobile device based on what your personal trading philosophy dictates. Many of these tools are software based and some are provided via your favorite Forex trading sites. Not all people base decisions based on these signals though and use things like technical and fundamental analysis to determine when to buy or sell.
It also is essential to develop your own personal trading strategy. Your ability to assume certain risks might not exactly be what other traders or your broker recommends. A Forex trading strategy is not something generic and involves your personal game plan.
Before trading Forex you need to set up an account with a Forex broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.
One of the most important ways to make the greatest return (and, also carry a greater loss risk) in Forex trading is with the use of a margin account. These accounts may let you trade as much as $100k in currency for as little as $1000. Margin accounts are the lifeblood of Forex trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.
Used correctly and together, the above items can lead to a comfortable part or full time income. If you don't use all the information available to you, though, you may as well let Mom take the weekend visit to Vegas with her money to see Gladys Knight. Make sure that she has developed her own Forex trading strategy and has used "paper trades" many times before actually beginning trading for real. Better that ole Mom is equipped to make some real money rather than throwing it away on the gaming tables.
Source: by Wayne Watson: Earnforex.comPost Thanks / LikeSully thanked for this post
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07-12-2012, 10:35 #2
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Re: Your Mother Could Make Money In Forex Trading
Not only mother but also sister, wife and any other woman can make money if she know how to trade forex. There are same rules for men and women and same strategies work in trading just need to being familiar with them.
http://www.fx-insights.com
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07-13-2012, 01:51 #3
Re: Your Mother Could Make Money In Forex Trading
Not my mother, she saw "General Protection Fault" and thought it was leading an army on her screen.
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07-13-2012, 08:45 #4
Re: Your Mother Could Make Money In Forex Trading
Yeah! My mom could make money in forex trading coz she is quite venturous. But she doesn't want
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07-13-2012, 10:38 #5
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07-13-2012, 11:31 #6
Re: Your Mother Could Make Money In Forex Trading
my mom definitely could make money in forex trading coz she is quite venturous
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07-16-2012, 04:13 #7
Re: Your Mother Could Make Money In Forex Trading
Anyone can make money in forex, 10 year olds, 100 year olds... as long as you don't live in America where your government makes trading currency on margin more illegal than running your own ponzi scheme.
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05-28-2013, 04:29 #8
Re: Your Mother Could Make Money In Forex Trading
With forex all ladies who are at home not go out for any job can utilize their time . They can make money from forex trading . Mothers , house wives and young girls can test their skills in it. It is good business for them . They can deal all things online they need not to spend some special time in it any time when they are free can become a business time for them.
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05-29-2013, 14:53 #9
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05-29-2013, 20:01 #10
Re: Your Mother Could Make Money In Forex Trading
True talk!
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06-01-2013, 19:59 #11
Re: Your Mother Could Make Money In Forex Trading
My mother belongs in the kitchen, not trading forex
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06-01-2013, 20:01 #12
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06-05-2013, 15:57 #13
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06-11-2013, 23:25 #14
Re: Your Mother Could Make Money In Forex Trading
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06-12-2013, 04:50 #15
Re: Your Mother Could Make Money In Forex Trading
It is not necessary to spend all time in kitchen . If your mother is talented and had some idea about forex . Hee can make money fom it Forex is made easy for all type of people . Ladies with some saving can do their own business. Some feel difficulty to go out for work they can avail a home based business of forex.
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