Most people still have no clue. It's not even listed in the
financial section of most US newspapers. Yet the Forex does more
business in one day than all the stock markets in the world do in 60
days! That's right - we're talking between 1.8 - 2.2 Trillion dollars of
business every day.
What is the FOREX or FX for short? Both are
acronyms for Foreign (Currency) Exchange. Up to the late 1990's - this
incredible market was the domain of the privileged: Central Banks, large
financial institutions (Goldman Saks, etc), high net worth individuals,
and governments. Today everyday people are now able to enter and profit
from this incredible marketplace.
There are a bunch of benefits
that make the Forex market a far superior investing &/or trading
vehicle than any other financial instrument in the world. For example:
In
the stock market - if you open an account with at least $25,000.00 -
the Broker will allow you to purchase $50,000.00 worth of stocks. That
is allowing you to Leverage your money on a 2:1 basis (2 to1 ). Not bad
right?
Well compare that to what many Forex Brokers are offering:
100:1, 200:1 and even greater account margins are readily available -
even for starting balances of just $1,000.00. This means for every
dollar of your money you bring to the table you can control $100,000.00 -
or more - of currency! Now THAT's what I call Leverage.
What's
important about Leverage? Using Other People's Money (OPM) has been a
major source of people & businesses generating wealth. Business
loans, real estate loans, etc. Using the Forex to access large leverage
rates offers gigantic opportunity for making money - and now the average
Joe can get in on the action.
The fact is that banks and
institutions like Goldman Saks make a good portion of their profits from
trading in the FOREX (there's a reason the tallest buildings in every
town are bank buildings).
The challenge in taking advantage of
this market lies in the typical learning curve required to become a
successful trader in the Markets. This applies to whether you are
trading Stocks, Options, Futures, or the Forex.
Training and Trade
Recommendation services abound - but need to be scrutinized closely.
Many charge thousands of dollars for software, training, or both. The
point is - don't get swept up in the excitement of the huge profits
available in the market before doing your homework.
Contact me if
you want to learn the other major benefits of trading the FOREX over
stocks, options, etc - the differences will amaze you. I can also help
you to enter - and profit -from this incredible market using just 20
minutes a week -even if you are a complete beginner to the markets. If
you can use a PC - then you are well on your way!
John T. Kelly is focused on sharing various forms of personal and
financial leverage to help people build dynamic organizations and
incomes.
His broad background includes working in Management, Consulting, and as a Hypnotherapist/Business Coach. Contact John for a copy of a Sample Report on the latest breakthroughs in generating personal wealth. [http://www.LeverageCreatesWealth.com]
His broad background includes working in Management, Consulting, and as a Hypnotherapist/Business Coach. Contact John for a copy of a Sample Report on the latest breakthroughs in generating personal wealth. [http://www.LeverageCreatesWealth.com]
