Sunday, 13 May 2012

ONLINE MONEY MAKING

Welcome to the online money making corner , in the course of this seminar i will show how you can make money online using your computer system connected to the internet,this  system i am introducing to you is forex business, .

 INTRODUCTION TO CURRENCY TRADING

The currency trading market(Forex or FX) is one of the most exciting and fast moving markets around today.Recently, forex trading in the currency market has been the domain of large corporation ,central banks ,large financial institutions and some extremely wealthy individuals.The invention of the internet today has changed all of these and today it is possible for an average investor to buy and sell currency at the spot market with the click of the mouse through online brokerage account.
Daily currency movements are normally very small.Most currencies move less than percent  every day, this makes the currency market one of the least volatile market around.Therefore, thousands of currency speculators or traders rely on the use of huge amount of leverage to increase the value of potential movements.In the retail forex market,leverage can be as much as 500:1 or 300:1.High leverage can be extremely risky but because of round-the-clock trading and deep liquidity,foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders. 
Extreme liquidity and the availability of high leverage have helped spur the market's rapid growth and made it the ideal place for many traders.Positions can be opened and closed withing minutes or can be held for months.Currency prices are based on the forces of demand and supply and thus cannot be manipulated because of the large size of the market.  
                                                         
WHAT IS FOREX?
  The foreign exchange market,also referred as "FOREX" or "forex" or "Retail Forex" of "FX" or "SpotFX" or just "spot" is the largest financial market in the world,with a volume of about  $4trillion a day.If you compare that to the $25billion a day volume of the New York Stock Exchange trade,you can see how enormous  the Foreign Exchange really is.It actually toequates more than three times the total amount of stocks and future markets combined!Forex rocks!   Open a forex trading account now and start trading currencies with LITEFOREX lite or real account today and earn up to 30% deposit bonus when you deposit instantly after registration.        
WHAT IS TRADED IN THE FOREX MARKET
                                                                                  The simple answer is money,forex trading is the simple buying of one currency and selling of the other currency simultaneously.Currencies are traded through a brokers or dealer,and are traded in pairs;for example the Euro and US dollar{EUR/USD) or British pound and the japanese Yen(GBP/JPY) 
Because you're not buying anything physical, this kind of trading can be confusing. Think
of buying a currency as buying a share in a particular country. When you buy, say,
Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of
the currency is a direct reflection of what the market thinks about the current and future
health of the Japanese economy.
In general, the exchange rate of a currency versus other currencies is a reflection of
the condition of that country's economy, compared to the other countries'
economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market
has neither a physical location nor a central exchange. The Forex market is considered an
Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is
run electronically, within a network of banks, continuously over a 24-hour period.
Until the late 1990’s, only the “big guys” could play this game. The initial requirement
was that you could trade only if you had about ten to fifty million bucks to start with!
Forex was originally intended to be used by bankers and large institutions - and not by us
“little guys”. However, because of the rise of the Internet, online Forex trading firms are
now able to offer trading accounts to 'retail' traders like us.                                           
                        Open a forex trading account now and start trading currencies with LITEFOREX lite or real account today earn up to 30% deposit bonus instantly when you deposit immediately after registation.
  What is a Spot Market?
A spot market is any market that deals in the current price of a financial instrument.

Which Currencies Are Traded?

The most popular currencies along with their symbols are shown below:

Symbol   Country                          Currency                        Nickname
USD       United States                  Dollar                             Buck
EUR        Euro members               Euro                               Fiber
JPY         Japan                              Yen                                Yen
GBP        Great Britain                  Pound                            Cable
CHF        Switzerland                     Franc                             Swissy
CAD        Canada                          Dollar                             Loonie
AUD        Australia                        Dollar                             Aussie
NZD        New Zealand                 Dollar                              Kiwi
Forex currency symbols are always three letters, where the first two letters identify the
name of the country and the third letter identifies the name of that country’s currency.
When Can Currencies Be Traded?
The spot FX market is unique within the world markets. It’s like a Super Wal-Mart where
the market is open 24-hours a day. At any time, somewhere around the world a financial
center is open for business, and banks and other institutions exchange currencies every
hour of the day and night with generally only minor gaps on the weekend.
The foreign exchange markets follow the sun around the world, so you can trade late at
night (if you’re a vampire) or in the morning (if you’re an early bird). Keep in mind
though, the early bird doesn’t necessarily get the worm in this market - you might get the
worm but a bigger, nastier bird of prey can sneak up and eat you too…

Time Zone                           New York                     GMT
 

Tokyo Open                        7:00 pm                         0:00
Tokyo Close                        4:00 am                         9:00
London Open                       3:00 am                         8:00
London Close                     12:00 pm                        17:00
New York Open                  8:00 am                         13:00
New York Close                  5:00 pm                         22:00
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TRADE FOREX ON DIFFERENT TERMINALS MT4, MT5, TABLETS AND SMART PHONES. 

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