Forex trading training: what is forex trading?

October 26, 2011 by  
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by Tradingrichmom

Forex trading: what is forex trading?

Forex trading is all about trading different currencies of the world. You will be able to buy one currency and then sell it to get another currency. This means that you are trading in currencies. This way you will be either going in profit or in loss. This business is called FOREX trading or simply Forex.

Forex trading is a good business if you know how to manage it. You will have to learn techniques and you will have to make a strategy. If you can make a working strategy, you will definitely succeed. Moreover you will need to know about the forex trading. You can learn about forex from the internet easily. There are various articles and entire websites which are dedicated to the forex learning. You will easily find these websites on the internet. Most of the stuff is free and you will even find helpful eBooks to speed up your learning. Mostly these eBooks will guide you step by step and at the end of the book, you will have learned forex completely.

You can also test your skills using forex trading software. Such software allows you to use the virtual currency and learn the strategies of the forex trading. You can use them the way you want without the fear of losing anything at all. These software are a great tool to practice the new strategies as well. Once you have learned enough, you can shift to the real currency and start trading in it. It will help you to make real money using you previously learned techniques and strategies.

Forex trading robots are also of great help. They are small software programs which are meant to do different trading jobs. Actually they can semi-automate the entire process for you. They fetch the data for you and they analyze it. The robots use this analysis to act according to the strategy you pre-program. You can use the robots to sell the currency at a certain price or you can use them to stop loss after you have lost a certain amount of money. All these functions are carried out by the forex trading robots.

Not only this, these robots will also be better in the day to day calculations involved in trading. The calculations which will take a lot of time if done by humans, will take seconds if a robot is assigned the job. Also, the chances of error are less because no human frailities are involved. The robots will also make better predictions based on these analysis and consyant calculations. You will be able to have up to 97 (some robots claim) percent accuracy using these robots. The functions and the accuracy of these robots do vary but getting a good robot will always pay you well in the long run. It may cost you a little extra in the beginning but will benefit you in the long run.

Darius Harris is the author of and and has written over 1000 articles on the pros and cons of online day and forex trading and the ways to stack the odds in your favor when investing..

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Forex Education ? Getting the Right Education for Success Part 1

October 25, 2011 by  
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Forex Education ? Getting the Right Education for Success Part 1

Consider this fact:

Despite the vast amount of FOREX education available, the bulk of traders still lose.

The reason for this is most of the accepted wisdom does not work.

Here we will look at the FOREX education you need and a simple system that’s FREE That can make you big consistent profits.

Before we start looking at FOREX education itself, lets look at the equations you need to be successful trading FOREX.

Equation for success 1

Robust Method + Confidence + Discipline = Long term currency success.

Now, when you trade you need a method that’s simple and you understand.


Because if you want to make money trading you are going to have short term losses and you need to the discipline to follow your method when these occur.

If you don’t you will not have a method at all.

Many traders FOREX Education involves following systems they don’t understand or gurus and they simply can’t stick with them and fail.

Equation for success 2

Your method needs to have the following characteristics:

Liquidate losers quickly + Run Profits

Obvious one, but today people receive FOREX education that teaches them to trade short term and even worse day trade.


We have written about this in our other articles and it’s a waste of time. You won’t win, it will just be expensive FOREX education!


Because, the time frame is to short and moves are random.

You may have profits but you can’t run them in a day and they can never cover your inevitable losses and high transaction costs you accumulate.

Avoid FOREX Education that teaches you short term trading unless you like losing your money

The Education You Need

Most of the education is free and on the net.

FOREX Education you don’t need

There are of course many e-books and courses but most of these are worthless ( only buy one which has a real track record and the seller is a trader ) and there are few of these around.

In part 2 of this article we will cover a system you can learn yourself that is used by many of the worlds top traders and it’s simple to apply and understand.

Learn this fact

There is no correlation between how complicated a method and how successful it is.

In fact, the opposite is true, the more complicated a system is the more likely it is to break in the face of ever changing brutal market conditions.

Finally, as we have said you need to understand how your method works (this is easier with a simple system) as you need confidence to follow it with iron discipline to eventual currency trading success.


The only material we recommend you buy is classic works by traders who have been at the sharp end and here are some good ones

Market Wizards & The New Market Wizards – Jack schwager

Great books!

Full of inspiration, as the top traders in the world share their wisdom on how they made millions or even billions trading FOREX and other markets

Anything By Jake Bernstein

Focuses on the importance of discipline and mental attitude a key to success.

Trader Vic – Vic Sperandeo

Perhaps my favourite book of all. Packed with common sense from cover to cover from one of the true great traders.

They will cost you about .00 and that’s money well spent for the type of FOREX Education they give.

A system for profit

In part 2 of this article your FOREX education will continue, when we start looking at a specific method that you can apply for bigger FOREX profits and currency trading success.


On all aspects of becoming a profitable trader including info about legendary trader W D Gann who made a million fortune trading go to our website for an exclusive Gann Trading Course visit our website at

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About Forex Trade ? An Introduction To Forex Market

October 25, 2011 by  
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About Forex Trade ? An Introduction To Forex Market

Forex is an abbreviation of Foreign Currency Exchange. People call it fx or 4x as well. Forex market is all about selling and buying of currencies worldwide. It is getting more and more attention globally with the trading volume of about billion when it is first established up to a whopping trillion today. Let us have a look into more about forex trade.

Forex currency market is setup when the fixed currency exchanges are abolished in early 1970′s. Since then the trading volume is getting higher and higher every year together with the invention of more advance technology. The trading volume grows exponentially when the introduction of Internet hits global level with more and more retail forex brokers open for forex traders to trade forex market.

The trading of forex happens globally hence there is no centralized location to keep track of all the trading volumes at one particular place. The major trading centers are located at Tokyo, Sydney, Hong Kong, Frankfurt, London and New York. Therefore when you look at the forex market hours you will see mainly those few locations opening and closing hours provided by most of the sites.


Forex is traded in pairs where the strengthening and weakening of the currency is affected by the employment change, home sales, retail sales, interest rates and other important financial attributes. It used to be only the people with certain huge amount of money that can participate in forex trading. The rule changed and we can a lot of forex traders trading to make a fortune out of forex market.

What are currency pairs available for trading? The most liquid currency pairs that most forex traders trade are the currency with US Dollar as base or quote currency. For instance, USDJPY – the US Dollar against the Japanese Yen and EURUSD – the Euro against the US Dollar. EURUSD is currently the most traded pairs internationally with the smallest spread among all other currency pairs. The spread being the difference between the bid and ask price. Forex brokers earn from the spread instead of commission.

There are more to learn about forex trade as there are many terms use in the world of forex market. It is the right time for you to explore the forex market with endless opportunities to get involve in this huge financial market. You can share a piece of the pie if you really know how to trade currency pairs according to the factors that affect the market.

Are you interested to learn how to trade forex? Do you know about the terms use in forex market? There are many more to know where the article above is just the introduction of forex. Forex is a huge market waiting for you to explore, learn and participate. Look at interesting forex market hour – 24 hours. Find out more about forex market and it’s possibility for you to have second income now! Feel free to visit

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Automated Trading Robot In Forex Trading ? New Forex Trading Strategy With Software

October 24, 2011 by  
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Automated Trading Robot In Forex Trading ? New Forex Trading Strategy With Software

There is an abundance of Forex trading robots on the market today. Choosing the right one for you can be a challenge. There are many factors that should be considered when selecting an automated trading robot in Forex trading.

First of all, trading robots are simply computer programs based on math and signals that trade the Forex market. They can be configured to fit a trader’s style and account. They take out all human emotion from trading.

Your first consideration in determining if a Forex robot is right for you is price. Forex robots can be very expensive. I have seen them in prices ranging from up to several hundred dollars. Don’t just go for the cheapest one, but a higher price doesn’t always mean a better product.


You should look for a good money back guarantee in case the product isn’t right for you. Many of them have one or two month return guarantees. You should also know that the robots don’t work with all brokers. Ask if they work with your broker before buying.

Many people love Forex trading robots. You do not have to understand anything about the forex market to use them. A complete trading novice can use them to trade. They can also trade every currency pair possible and can be used to trade more than one account at the same time.

There are a few other considerations when deciding on purchasing a Forex robot. The most important one is the fact that they don’t recognize when markets turn and are vulnerable to changing circumstances. They often have problems on high volatility days.

An automated trading robot in Forex trading is only as smart as its creator. These programs are becoming better and more sophisticated with time. However, it is important to remember that there is no holy grail when it comes to trading.

Do you want to download Automated Trading Robot in Forex Trading? Read the author’s review of the Top 5 Forex Trading Robots on the web at first!

The author has found a 100% automated Forex Trading Robot that is making him over 40% returns on his capital every month. Check out the website above to find out more!

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Avoid Fap Turbo Scams And Beat The Forex Market

October 24, 2011 by  
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by Tradingrichmom

Avoid Fap Turbo Scams And Beat The Forex Market

Scams are reported about all new and innovative products .

The benefits of a trading guide are obvious. However is FAP Turbo the best forex trading guide is only a end users decision. They do have some very good points though - like:

Its only cost you to get your feet and account off the ground. Gigantic market - Billion plus traded in for ex around the word. more than all the other trading markets put together Great trading action 24hrs day Monday to Friday . Explosive - The most fickle market in the world…what does that mean? great chances in a split second every day Low cost - With stock trading, futures or options you pay spread plus commission, with Forex your only “cost of trade” is spread. No monopoly- Unlike any other markets, it is not possible to dominate the Forex market….and, no matter how many people trade with the the best forex trading guides they can find, its efficiency and profitability will remain intact. Up & Down - Profit from the fluctuation of different currency prices…you shouldn’t worry about which way the market goes. No Size Limit - Trade as much or as little as you want! This is something that you will only get in the Forex market.

Will an automated EA (expert adviser) or FAP Turbo forex forex trading guide improve your success rate in the forex market? Currency exchange being so volatile!

The best forex trading guide, most accurate and profitable Forex robot in the world has over 97% winners! Can’t Monitor the Forex Market because of a day job, commitments, etc and want an automatic software to do it for you? Do you want to trade Forex profitably but don’t know how the best forex trading guide a robot will do everything for you…from A to Z! even takes away the biggest threat. …Human emotion.

I’m a ordinary guy with Big Dreams…. LUCKY some say. Maybe! I had my ups and downs but now =:) Life is rosy. I’m Lucky as I can work from home or in fact anywhere.. on a laptop just 3 or 4 hours a day to maintain a six figure salary . Not because of luck really you have yo work smart have a look at what BOOSTED me to “Lucky” status just HERE.

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Forex Trading Mistakes ? Try to Predict Prices and you Will Lose!

October 23, 2011 by  
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Forex Trading Mistakes ? Try to Predict Prices and you Will Lose!

Most novice forex traders believe that to make money in forex trading they need to predict forex price direction in advance to win. The fact of the matter is if you try and predict where forex prices are going to go you are destined to lose! It’s obvious really when you think about it.

If you try and predict you are hoping or guessing where prices will go and relying on hope or guessing, in any venture is not a good idea and in forex trading it leads to equity wipe out.

A Better Way To Trade – Confirm the Move.

You don’t have to predict though you can act on confirmation and if you do you are not relying on hope or guessing – you are getting the odds in your favour and this can lead to long term profits.

For example, a trader sees prices dipping to support and simply enters the market – he has no idea of whether the support will hold, he is simply guessing and hoping.

Trade Like a Pro

The professional trader doesn’t simply buy into support he WAITS For prices to turn up and watches price momentum to confirm the fact and when prices are moving away from support he enters.


If you wait for price momentum to confirm support has held you are trading with the odds and this is the real way the professional forex trader’s trade.

No guessing or hoping they are trading the confirmation or the reality of price change to increase their chances of currency trading success.

How To Confirm Momentum.

If you know nothing about momentum indicators then you should – their an essential part of any traders Forex education.

If you want to learn forex trading correctly, you must understand and use momentum.

95% of Forex traders lose and in most instances it’s because they rely on hoping and guessing and don’t use the confirmation of momentum.

Great momentum indicators to look at are:

Average directional Movement ADX Relative Strength Index (RSI) - both were developed by trading legend Wells Wilder and the stochastic indicator developed by George Lane.

There are of course other momentum indicators but the above 3 are a great place to start.

When using a forex trading system you should use the following steps:

Look at tests of support and resistance and ONLY execute your trading signal - AFTER Momentum has confirmed your view.

You may well say that this will miss the bottom but you cant spot that in advance anyway (and no forex trader can) so don’t even try.

Forex trading is a game of odds and if you don’t get the odds in your favour you will lose.

Markets are a Game Of Odds Not a Science!

95% of traders lose, because they fail to grasp that forex trading is a game of odds and believe in scientific predictive theories like Gann, Elliot wave or following the Fibonacci number sequence – they don’t work.

Keep in mind Elliot died a pauper, Gann sold courses to survive and the Fibonacci number sequence had nothing to do with finance!

Play the odds and you can win, with your forex trading strategy –try and predict without confirmation and you are guaranteed to lose – PERIOD.


For free trading guides and an exclusive Forex Trading Course visit our website at:

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Forex Trading Courses

October 23, 2011 by  
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by Tradingrichmom

Forex Trading Courses

Although forex trading is the oldest financial market in the world, the computer has opened up the market in a way never thought possible. Online sites offer any number of Forex Trading Courses. These courses familiarize the novice in forex terminology and assist investors in setting up demo or dummy accounts.


Forex systems or strategies are explained and demonstrated through live chats and video tutorials. Each course includes an Ebook with detailed information and step by step instructions on how to achieve the best profits.


Courses in forex trading instruct investors in the use of charts and grafts to assist in investment strategies. Professional advisers are available around the clock.



Since the dropping of the Gold Standard after World War II, forex trading has increased, but the computer has opened up the field to millions of new investors. Forex is the largest financial market in the world. After all, with forex, you are the boss. There is no middleman and no insider trading. Forex investors are part of a community that looks out for each other’s investment. Everyone wants their neighbor to succeed.


Investing in forex requires very little initial capital, and setting up an account is relatively simple.


Courses in forex trading eliminate the unknown and help the investor gain confidence in the ability to tackle live trading after practicing in a demo account. Courses are relatively inexpensive when considering the insight given to anyone tackling forex for the first time. Knowledge equals profit when it comes to approaching an investment market such as forex. Forex trading does not require constant surveillance. An investor can spend as little as 10 to 15 minutes a day in trading and still generate substantial profits. Courses in forex trading give the investor the skills to be at the head of the pack.

For more information log onto:

I am the owner of this site

Article from Live Forex Trade Video, I Make +40 pips on GBP and Give You Some great Forex Tips! Watch me enter this trade and make +40 pips in a few hours. I explain my thought process, how the trade worked and how more pips could have been made.

Forex Broker Review-How Forex Traders Make Money Online?

October 22, 2011 by  
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Forex Broker Review-How Forex Traders Make Money Online?

Forex is the business of making money by trading different currencies against each other. Many people have been earning money through Forex trading ever since the advent of computer and internet technology. With the help of a computer and access to internet, you can trade from anywhere around the world. Forex broker reviews, communication with your forex broker, knowledge of trading, etc are all very essential if you want to master the art of Forex trading.

How to Conduct Forex Trades?

Brokerage companies are the main medium for buying and selling different currencies via internet and software. An online forex broker receives a small amount as commission for his services. Forex trades involves dealing with four main currency pairs; US Dollar and Japanese Yen, British Pound and US Dollar, US Dollar and Swiss Franc and Euro and US Dollar. In each pair, one works as a commodity and the other works as money. For example if you choose to trade Euro and USD, you may buy Euro against USD and sell Euro against USD. Irrespective of which currency you have in your account, your trading software will automatically take care of the transactions and exchanges. However, the key is to know when is the right time to buy and sell. To understand the optimum time for trading, knowledge and understanding of technical and fundamental analysis methods are very important. Forex brokers offer more services beyond buying and selling currencies, their extended services include mobile trading, forex broker reviews, SMS market alerts, access to competitive spreads, etc.


How Do Brokers Make Money?

The most common ways an online forex broker makes money are

·        Through currency pair spreads
·        Through leveraged spreads
·        Through overnight swap spreads
·        Through trading against the trader
·        Through payment processing fees.

Advantages of Forex Trading:

·        Works as an online home based business.
·        Experience, knowledge and forex trading review can help you take up trading as a full time job.
·        Forex market is 24 hour market and you can choose to trade any time.
·        Helps you make good income even with small investments.
·        For beginners, Forex brokers provide practice accounts that are great start for forex trading.
·        Forex trading competition will always have a positive impact, giving you more opportunities to make more money.
·        Forex brokers provide forex trading review for the benefit of traders who want to achieve trading skills.
·        Gives you the ability to purchase more assets than your cash balance.

A leading website with information on best online forex broker and instant forex broker reviews. aims to provide accurate and useful information with an intesion to maximize traditing margins and to serve as best forex platform for online forex traders.

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Have you ever noted whilst the majority of novice forex traders try and shortcut their way to riches with the most recent automatic trading robot or swanky schamncy trading gizmo, they finish up blowing their trading accounts and giving up due to of frustration? I have … since one of the most widespread mistakes I notice with newbie traders, are their cravings to produce profits so quickly, that they “forget” to remember the plain basics of how to trade! With their minds squarely aimed on “money, money, and more money”, they seem to fail to remember — like ANY real venture — they need to study and understand the many basic ground rules of forex, like learning how to read candle stick charts (don’t be concerned, it’s not like learning another language). But you are unlike the rest of them. You’re passionate regarding forex and the wealth that follows once you tap into a couple of the top forex education resources on the internet. Below, I showcase for you two websites I’ve personally used in my forex trading journey that should give you an immediate boost on your “wealth creating” journey: 1. BabyPips.Com - designed for beginners, by (former) beginners. These “pro’s” have a great online tutorial easy for any newbie to follow the moment you land on this website. So they can easily relate to where your coming from and take you by the hand and guide you to success! After hours of searching, I discovered a “former newbie turned millionaire” who recommended I start here to
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Financial Freedom With Forex Trading

October 22, 2011 by  
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Financial Freedom With Forex Trading

Have you heard of Forex trading? Forex trading is the short form of Foreign Exchange Market, which is probably the largest market in the global economy. Forex trading exchanges worth more than trillion a DAY! That enormous amount of money being traded everyday would take New York stock exchange three days before they come close to the value Forex gets everyday. In Forex, parties exchange foreign currencies with one another. In this market, 95% of the traders are huge financial firms and banks, while the remaining 5% are a few brave solo traders.

The Forex trading system can be your ultimate money making machine, if and only if it is played properly and wisely. Do not believe in claims that Forex trading is always easy money. Forex trading has high possibilities of you getting rich, and also has high possibilities that you may crash down and end up penniless. It is fortune-making, no doubt about that, but efforts are highly required. Not only hard work is required, but also enough knowledge on the market and its trends as it can get tricky at times.


Hard work and education are the two key concepts that should be present if you are aiming for a profitable Forex trading. Being educated means understanding the concepts through researches or tips from mentors, friends, and experts, who have spent a lot of time dealing with this trade. Experience and knowledge can lead to success in Forex.

There are Forex tools that you can use to help you in your Forex trading adventure like Forex trading software. Myriads want to be Forex traders have tried to be part of the trade, but most of them failed to analyze Forex trading and has made them bankrupt. However, if you have the two principles, you will surely avoid this.

Day trading and speculative trading are just two ways of trading in the Forex market. Day trading opens and closes transactions in just one marketing day. This method is eyed on price swings and is constantly looking for wise buys. This often uses Forex trade tracking. The bought assets are sold at a higher price for instant money.

Speculative trading on the other hand makes use of scientific bases to draw wise forecasts on what will happen in the market trend in the next few hours. It is also called as anticipative trading, because it anticipates a certain event that will happen or it predicts the flow. However, this method is for people who are able to draw great efforts and time to research as research is the backbone of this method.

Forex trading is not for hasty people. Decisions that are rashly made are often the ones that lead to being broke. In Forex before making any decision, one must think about the consequences and the chain of events that will follow.

There are other methods of trading aside from the two mentioned, but whichever you use can still lead you to a life with financial freedom. Your income could reach millions with Forex. However, proper attitudes and proper work shall be done to succeed.

Mark Thomas, have developed a unique software tool called Trade On Track, which helps the Traders to Trade with Confidence, Security and Accuracy. To know more about Trade and useful tips on Trading, just log on to

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Risk Involved With The Foreign Exchange

October 21, 2011 by  
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Risk Involved With The Foreign Exchange

Forex trade is one of the best home businesses in this modern world. Many people want to indulge in this Forex trade but risk is the only factor that stops them from indulging in this trade. Forex trade is the simple business in which a person can make money anytime by sitting in home through internet. Nowadays, the opportunities available for the Forex investment are more. But the only thing that overrides all these opportunities is the risk involved in this Forex trading. Forex trade can bring a huge loss to the traders so it is good for the beginners to know the risk involved in this business before getting entered into this business.

It is impossible to eliminate the risks completely from the Forex trade but there are number of ways found in this trade to minimize the risks involved. This trade is not the suitable one for all kind of investors. One should consider carefully about their objectives, level of experience and risk appetite before investing. This is because of the risks involved in this trade. Forex trade can bring profit of about 100 times of your initial investment but also it has the possibility to lose some or all of your investment. This makes the risk assessment necessary in the Forex trade. Initially your investment in this Forex trade should be the amount that you can afford to lose. You should be aware about this trade always and there are many advisors found available who can help you to know about the risk that currently prevails in the trade market.


There is no standard in foreign currency exchange price in this Forex trade and so it is said to have non-centralized market. If you are single without any partners in this Forex trade then you may need some dealer for making transaction. Choosing the right dealer is not a simple one and it will lead a serious problem if you select the bad dealer. Bad dealers are the smart person who can trick money from the traders who are not well-aware about this Forex market. It is not so hard for them to cheat your money. They are the very big problem in this trade once but nowadays the industry has cleaned up. You can get away from those false dealers by checking their background. You can also make sure about the dealer from the local Customer Protection Bureau and from the Better Business Bureau.

There are many other risks found in this Forex trade other than this dealer. Some of them are Exchange rate risk, Interest rate risk, credit rate risk and country risk. To limit the risk in your Forex trade you must know when to enter and exit the market. This forms the basic strategy in this trade. The trader needs to know the technical analysis and should know how to read the financial chart. Step loss is the best way to minimize the risk involved in the Forex trade. Step loss is nothing but the instruction which describes when to exit the position if the price reaches certain point.

Why do many forex trader used Forex Nuke Robot?

This trading robot was proven to give trader a huge income. The system works in any broker and runs on MT4. This EA was built for a long term financialstability, and it’s not a quick bank and run. This system is designed to stay put for a long time period, and to make money for you in a stable environment, not betting all your cash as once. The system doesn’t need so much of your time. You don’t need to monitor your trade for long hours.

Conclusion: Forex Nuke Robot is absolutely not a scam! This is a trading robot that you should really try! It can give you a guaranteed income that will last for a long time. If you are willing to invest in forex, you should try using this forex robot now! Discover more about Forex Nuke Robot here!

This EA turned my k into 0k in just 1 year!
Learn how I’m ripping through the markets..Click here

Article from If you would like to make extra earnings, one of several alternatives you have is trading Foreign Exchange or currency Trading FOREX market. On stock exchange you trade papers which stand for firms, and in FOREX market you also trade papers that represent whole countries.
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