True Wealth as a Forex Trader
by Avi Frister of Forex-Trading-Machine.com
Forex, or Foreign Exchange, trading can be a very rewarding.
In fact, it can be one of todays best wealth generating
opportunities. Regular people like you and me are consistently
making $500, $600 and more per day from the comfort of their
home trading forex. Many do not know this, but the forex
market is by far the largest market in the world. It is
estimated that around $1.5 TRILLION is traded every single
day. By far more then all the stock, bond and futures markets
of all the world combined!
But what does a forex trader do? Simple, buy a currency
at a low value and sell it at a higher value, and in the
process profit from it! For example, buy Great British Pounds
with US Dollars, wait for the Pound rate to go up and make
money! This can be done several times a day if the forex
trader is a day trader or several time a week or month if
the trader is a forex swing trader.
Lets look at the exclusive benefits forex trading offers:
1. The forex trader can start trading with as low
as $300. Yes, today most on-line brokers will allow you
to open an account with such a low sum making forex trading
accessible for virtually everyone.
2. The forex trader does not have to own the money
he or she is using to trade currencies. Through a concept
called leverage, the traders broker will allow him or her
to buy up to 400 times the value of the traders account.
For example, if the trader has US $100 in his brokerage
account he can buy/trade $4,000! If he has $1,000 he can
buy/trade $40,000. That is how traders actually make $500,
$600, or $700 per day trading forex, using the brokers money!
3. Many currency pairs are very volatile. Volatility
means that they move a lot during the day, from side to
side. This allows the forex trader to capture several price
swings that this volatility causes. In fact, there are currency
pairs that offer up to six daily swing opportunities, each
one potentially allowing the trader to capture impressive
4. With the right system the forex trader can trade
with just following simple rules. If A happens and B happens
then do C. This is called mechanical trading. It requires
absolutely no discretion, interpretation or thinking from
5. The forex market is a 24 hour market. Never stops.
This means that as a forex trader you can chose exactly
when to trade. Some people have day jobs and do not have
the necessary time to trade during the day so they can trade
at night. People who make their living as forex traders
can chose to trade any time of the day or night. The point
being, a 24 hour market allows the trader a lot of flexibility.
6. An incredible benefit of the forex industry is
that today all forex brokers allow traders to open free
demo accounts. This means that the trader can test his strategies
without risking a single dollar! In fact, I always test
my trading strategies before going live. I make sure they
work before risking real money. I know of no other business
opportunity that allows you to see if it works before you
7. Making a living as a forex trader allows you to
be truly free! No office, no workers, no inventory, no marketing
worries, no advertising, no selling. For me this is one
of the greatest advantages of being a forex trader. No headaches!
In conclusion, the forex market provides a lot of opportunities
that many markets and industries do not provide. Many people
hear the term forex and get a bit scared, they are afraid
of the unknown. Do not be, forex trading is something that
people have been using to generate wealth for many years.
The reason many people have not heard of this opportunity
until recently is that until not long ago trading currencies
was reserved to the big dogs (banks, institutions, companies
etc). Today with the help of the internet anyone can take
advantage of on-line currency trading that was once reserved
to an exclusive group.
Wish you well and I hope you found this article useful.
Avi Frister is a Forex trader and educator. He teaches
revolutionary and unique trading methods to profit from
the Forex market. He is also the inventor of Price Drive
Forex Trading (PDFT), a new and robust method to trade the
currency market. Find out how you can be part of a very
lucrative opportunity trading Forex at Forex-Trading-Machine.com