Thursday, March 28, 2024
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A Global Torrent of Cash

How to Tap Into a Global Torrent of Cash from Your Laptop or iPhone without Risking the Family Farm

7:52 AM

Dear Entrepreneur:

The market I’m going to show you today is a $3 trillion raging torrent of cash. But more important, I’ll show how a business in this market can be run from anywhere in the world.

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Now don’t kid yourself….it’ll take some work, research and patience to consistently pull cash from this baby.  But don’t worry…..I’ve made as little as $200 or as much as $1,000 in a single day, with very little effort and research.

This thing is the largest electronic marketplace in the world.  I realize everyone claims a market is worth “trillions”.  In fact, I received an email yesterday morning from an entrepreneur asking me to join him in a “trillion dollar” male product market!  But this time it’s true. You can Google and research this market for yourself.

This market is used by banks, governments, drug cartels, ex-patriots and international corporations. On top of that, farmers, sheiks, kings, and even small traders like you and I are making money in it.

And you don’t need to risk the family farm, nest egg or the kid’s college money (or should I say PARTY money).  You can typically get started with less than $2500. But I know entrepreneurs who started with less than $1000!

Granted…you CAN lose money in this market. Please don’t play the blame game! But I’ll show you how the “pros” limit their losses. You can copy their strategies.

Here’s what I mean about “limiting losses” ………

A professional currency trader told me, “Managing losses is more important than making money in this business”.  He added, “Making money is the easy part”.

For this trader managing losing trades became the focal point of his strategy.  I’m talking about trading currencies in the FOREX market.

There’s an old adage in the FOREX markets which states:

“Cut the losers short and let the winners run”

This means traders need to learn how and when to cut losing trades. They need to know how to let the “winning” trades run wild.  Sometimes it’s easier said than done.

I’ve enclosed a strategy for limiting losses which has worked for me in this week’s issue.  FOREX – or “FX” – stands for Foreign Exchange.  It is the largest and most liquid financial market in the world – 30 times larger than all the U.S. equity markets combined.

“Foreign exchange” is the simultaneous buying of one currency and selling of another.

About 5 percent of the daily volume in this market is from companies and governments which buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency.

The remaining 95 percent is produced by individual speculators and traders who participate in the market for profit.

For most entrepreneurs, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called “the Majors.”

Today, 90% of the daily FOREX volume involves trading “the Majors”.

Forex “Majors”

*    The U.S. Dollar

*    The Japanese Yen

*    The Euro

*    The British Pound

*    The Swiss Franc

*    The Canadian Dollar

*    The Australian Dollar

The FOREX is a true 24-hour market.  In fact, the FOREX begins trading each day in Sydney and moves around the globe as the business day unfolds in each financial center – first to Tokyo, then to London, and then on to New York.

Unlike other financial markets, investors can respond to currency fluctuations caused by economic, social, and political events at the time they occur – day or night.

The “FX” market is considered an Over the Counter (OTC) or “interbank” market, because transactions are conducted between two counterparts over the telephone or via an electronic network.

And get this… FX trading is not centralized on an exchange, as it is with the stock and futures markets. The most significant difference between the FX market and the currency futures market is participants in the FX market deal on a principal-to-principal basis.

In the currency futures market, participants deal, instead, through brokers in an “open outcry” exchange.

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Internet brokerages now give individuals access to this market.  The low entry costs (sometimes as low as $500 as I said) have drawn thousands of small investors, traders, and speculators into the market.

But that’s not all…..

Announcing New “Mini” FX Accounts for Smaller Traders and Investors

The new “mini” FX accounts are a great way for small traders, investors, and speculators to make money too.

Most of the new “mini” FX accounts can be opened with less than $1000. The contracts are about a third of the size of a standard FX contract.

Here are some top brokerages which offer both regular and “mini” FX accounts:

*    HotSpotFX

*    Forex

*    FXCM

*    GAIN Capital

*    Saxo Bank

*    NADEX

*    Global Forex

*    ForexClub

These brokerages can help you open an account and get started trading.  Most FOREX brokerages offer step-by-step practice tutorials or instruction too.

Listen…

The sheer number of currencies traded in the FX market serves to ensure extreme volatility on a day-to-day basis.  There will always be currencies which are moving up or down, offering opportunities for profit (and commensurate risk) to traders.

Believe it or not, extreme volatility is actually a good thing!

It simply means a market has tremendous activity. If you’re on the winning side of a trade you’ll make money much faster!

FOREX offers a ton of ways to lower risk and enable traders to profit in both rising and falling markets.

FOREX also makes it possible leverage positions (the most attractive aspect of currency futures), with low margin requirements.  Best of all, FOREX charges zero dealing commissions!

FOREX Basics — Easier Than You Think!

1. Buying and Selling Currencies

Currencies are always priced in pairs. All trades result in the simultaneous purchase of one currency and sale of another.

While trading on FOREX, you would execute a trade only at a time when you expect the currencies you are buying to increase in value relative to the one you are selling.  If the currency you are buying does increase in value, you must sell the other currency in order to lock in a profit.

An open trade (or open position), therefore, is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

2. How Base Currencies Are Quoted

The first currency in the pair is considered the base currency; the second is the counter or quote currency.

Most of the time, the U.S. Dollar is the base currency, and quotes are expressed in units of 1 USD per counter currency (for example, USD/JPY or USD/CAD).

The only exceptions to this convention are with the Euro, the Pound Sterling, and the Australian Dollar, which are quoted as dollars per foreign currency.

FOREX quotes always include a bid and an ask price. The “bid” is the price at which the market maker is willing to buy the base currency in exchange for the counter currency.

The “ask” is the price at which the market maker is willing to sell the base currency in exchange for the counter currency. The difference between the bid and the ask prices is referred to as the “spread.”

The cost of establishing a position is determined by the spread, and prices are always quoted using five numbers (for example, 134.85), the final digit of which is referred to as a point or a “pip.”

For example, if USD/CAD is quoted with a bid of 134.85 and ask of 134.90, the five-pip spread is the cost of trading this position.

From the start, therefore, the trader must recover the five-pip cost from his profits, necessitating a favorable move in his position in order to simply break even.

3. The Rollover Transaction

In the spot FOREX market, trades must be settled within two business days. For example, if a trader sells a certain number of currency units on Wednesday, he must deliver an equivalent number of units on Friday. Some currency-trading systems may allow for a “rollover,” with which open positions can be swapped forward to the next settlement date (giving an extension of two additional business days).

The interest rate for such a swap is predetermined – and, in fact, these swaps are actually financial instruments that can be traded on the currency market.

In any spot-rollover transaction, the difference between the interest rates of the base and counter currencies is reflected as an overnight loan. If the trader holds a long position in the currency with the higher interest rate, he would gain on the spot rollover.  The amount of such a gain would fluctuate day to day according to the precise interest-rate differential between the base and the counter currencies.

Rollover rates are quoted in dollars and are shown in the interest column of the FOREX trading system. Rollovers do not affect traders who never hold a position overnight, since the rollover is exclusively a day-to-day phenomenon.

What is Margin?

Trading in the currency markets requires a trader to think in a slightly different way about margin.  Margin on the FOREX is not a down payment on a future purchase of equity. It’s a deposit to the trader’s account which will cover any currency-trading losses in the future.

A typical currency-trading system will allow for a very high degree of leverage in its margin requirements, up to 100:1.

The system will automatically calculate the funds necessary for current positions and will check for margin availability before executing any trade.

The FOREX Learning Curve

The learning curve is substantial, especially if you’ve never traded currency futures, options, or equity markets. Therefore, in order to accelerate your understanding of this market, you’ll need to read as much about it as you can.

I’ve listed a few books below that will help. There are also dozens of FOREX trading seminars available. But, as always….buyer beware.

The best FOREX trading seminar would be one conducted by someone who is a successful trader but is also a skillful teacher. Not everyone can teach.

A Sound Strategy for Limiting Losses

One of the greatest aspects of the FOREX market is the ability to place “stop loss orders”.  A “stop loss order” is an order to buy or sell when the price of a FOREX contract drops or rises to a designated level.

For example, let’s say you buy the Japanese Yen and sell the US Dollar at a certain price point. But the market moves against you….in this example the Yen falls in value in relation to the US Dollar. You can place a “stop loss order” BEFORE you enter this trade to protect yourself and limit downside losses.

When the “stop loss order” is triggered (automatically and electronically) you would be removed from the trade, and your position would be liquidated.

I always trade using “stop loss orders”….even when seasoned traders tell me I don’t need them!

If you trade the FOREX markets you’ll need to familiarize yourself with the various methods of risk management, like stop loss orders.

This truly is a great digital business opportunity for startup entrepreneurs.

Have fun and trade wisely.

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Regards,

Marc Charles

“The King of Business Opportunities”

(Ed Note:  Marc Charles is referred to as “The King of Business Opportunities” ….and for good reason. He should be known as “The King of Legitimate Business Opportunities”…because he’s launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

***Action Plan***

You need to move on this if you want to start making money. The one thing I often see in entrepreneurs is a failure to act.  Entrepreneurs often evaluate something until they’re blue in the face!

Granted….everyone needs information and due diligence.

But after you’ve obtained the right information, insight and due diligence then I think it’s time to act.  I think it’s better to act first…

****Valuable Resources****

Recommended Books on Trading FOREX Markets

Trading Global Currency Markets, by Cornelius Luca

An Introduction to Foreign Exchange and Money Markets, by Reuters Financial

Currency Markets: How to Access and Trade the World’s Biggest Market, by Phillip Gotthelf

Open a FOREX trading account

Global Forex Trading

FXCM

Saxo Bank

Crown Forex

FX Solutions, LLC

Forex.com

XPRESSTRADE


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To learn how you can use Content.ad to drive visitors to your content or add this service to your site, please contact us at [email protected].

Family-Friendly Content

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