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Dear Forumers,
With the recent turmoil over the world it is difficult for those who know how to make their way to financial freedom to make money in the legal way.i just have a fast kindling income generator for those of us who wants to be self emplowed and self empowerered.
Making money legitimately is real and easy...
If u are interested pls kindly send an alert e mail to [email protected]
for free tips and inclusion...
feel free to contribute and ask any thing concerning this topic..
Some of the ways to make money legitimately are as follows.pls note each one will be touch one after the other and kindly let me know the one u have interest in..The 4lowin are legit biz to do ..Forex trading ..casino..sport betting..stock trading ..crude oil trading ..gold trading..these are the ones u can do online.And these are the ones that i will touching from time to time...
Kest37
today, i will be touching one of the legitimate way to make money online that u can do and live comfortably and be wealthy..i will be touching FOREX trading today..
What is fOREX ??
Forex is the simultaneous buying of one currency and the selling of another currency..it is generally known as foreign exchange ..For-Ex..also called spot, retail fx,fx etc.Forex trading is very simple but demanding and it wholly depends on individual approaches and strategies..Making money in forex trading is very simple but requires a skilful,logical and consistent strategy..just like a bricklayer who employs the same method and style every working day...
BRIEF HISTORY OF FOREX MARKET..
Forex market was officially inaugurated in the year 1973 after world war 11..before the formal origination,speculative activities in the currency were relatively stable and low..The initial origination of the market gave birth to an accord called the bretton wood accord..this accord was formulated by USA,FRANCE,UK etc with the motive of stabilising the global economy cos the global economy was in shambles but this accord collapse which gave room to other modus operandi in the market but they all failed cos there similar similar mistakes and this failures paved a way for free floating system cos there was no other system to replace them which is today's routine in the forex market..More education on the way..plss feel free to contact for questions and training..
Welcomes u all back from weekend holiday..today i will touching how to get started in forex trading..
Before u can get started in forex trading the following mandated steps must be met..1..Choosing a broker..before choosing a broker the following information must be gotten and known concerning the broker..1..Location of broker..licencing and regulation of the broker..lots or lotless broker..trading platform..customer service..now i will expound each of them..
LOCATINOF BROKER..Before opening and funding an account with a broker it very expedient that u scrutinize and know where that broker is from..Brokers that are not from U.S.Canada and Great britain are not advisable for large volume trading ..reason..other countries does not a sound regulation governing .com activities.
LICENCING AND REGULATION..It is highly advised that any broker must be transacted with must be a member of NFA..cos it is national future association that oversees the activities of all U.S base broker...
LOTS OR LOTLESS BROKER..A lot broker accepts only $100 per position u hold while a lotless acepts any amount so it also advise that u know your trading capital before choosing a broker..i will continue from here tomorrow..pls feel to ask any question u might have or send an email for any assistance..
Today..i will be touchimg the number 4 criteria that must be known by a client before opening an account with a broker..Trading platform...trading platform is a software through which your broker takes orders from you and execute them base on your order..it is very good and professional to demo trade on a platform before trading live on it..a good platform must have a good spread pip..a professional leverage amount..good server scanner..light and high speed of connection..for effective trading and convenient order placement..i will continue next time expect more and more..and pls be free to send e mail to the above addresss for any assistance or question..
Welcome us all back...the final process that must be undergone before opening an account with a broker is what i will throw light in today..Customer Care..any good and reliable broker ought 24 hours customer care service ceaselessly active and attending to clients..before opening an account with any broker pls..try and talk with the customer care support and find things concerning the broker...never trade with any broker that does not have a good and 24 hour customer service support..these ends the introductory note on how to get started in forex trading which is one of the legitimate way to make money..the real teaching will continue on my next post..feel free to contact me for advice,help and assistance..
OPENING A FOREX ACCOUNT WITH A BROKER..Forex accounts are normally opened through the brokers website which is very easy and fast cos it just like the normal filling of an online form..the broker will require that u verify your account after opening it for security reasons..the following documents will be asked by the broker from u as a client..Driving licence..international passport..national id card..pls.note only one of the will be use ,it depends on the one u have..and some brokers will ask u to verify your address..any of these three documents are very important for a forex beginner cos u must certainly need..see u all on muy next post..
legitimately simply means legally,genuinely,authentically and in the way nature and law approves..
hope this is helpful ??
pls i am sorry,i am very busy these days i will start this class as fast as possible..i need to supply good and useful informations..pls bear with me.
Means of depositing and withdrawing money from the broker..your capital is normally withdrawn through the channel you deposited with..the following are the most use method of dedposit and withdrawals..bank wire..credit and debit cards..e currencies..etc.but bank wire is highly recommendable and is most secure and convenient..brokers only allow you to withdraw your money with the channel you deposited with,so be very careful when making deposit..
Major currencies traded in the forex market...
i will continue from here..stay tuned.
Quote:
Originally Posted by kest37
have you tried this forex broker before? they are the best i have ever seen.
they offer 25$ for every 100 post u make on their forum
25$ for every new account you open with them (up to 10 time/accounts)
50$ for 1000 post on their forum site
100$ for a total of 10 traded lots by client
1pip for every lot size opened by your referal
whats more, they have a client base here in nigeria and other parts of the country.
just click the link below and see things for your self. if the statements above are certified, you can go ahead to open an account
<a href="https://cabinet.fxopen.com/Actions/R...gistration</a>
Toay i will list the major and most traded currencies in the forex market plus their nicknames and the economy or country..
CURRENCIES................ECONOMY................. ........NICKNAME
USD......................U.S ECONOMY.......................GREEN BUCK
GBP...................GREAT BRITAIN POUND STERLING.......CABLE
EUR...........................EURO ECONOMY..WITH GERMAN THE MAJOR.....FIBER
AUD......................AUSTRALIA ECONOMY..........AUSSIE
CAD.......................CANADA ECONOMY............LOONIE
NZD.........................NEW ZEALAND ECONOMY..............KIWI
JPY.........................JAPANESE ECONOMY...................JPY
CHF....................SWITZERLAND ECONOMY..........SWISS
Though ther are traded currencies but these the majors and most traded by traders.
Currency pairs...When we pair one currency to another we say we have a currency pair or market..eg eur/usd,gbp/usd,usd/jpy..these are examples of currency pairs.
SOME IMPORTANT FOREX TERMS
SPREAD..
BID...
OFFER..
PIPS...
LEVERAGE..
VOLUME..
LOTS..ETC..
Please watch out for their comprehensive notes..each will be taken in details..thanks for reading..please feel free to contact me for enquiry..
Sorry all..my connection has been down that is why i have be unable to continue my posting and teaching..pls i am back now full time...hope you all will welcome me back..
Today, i will be touching some of the important terms use in forex trading..
SPREAD;Spread is the difference between bid and ask price.brokers often gets their commission in form of a sread.
BID;Bid is the price the broker is willing to buy a currency pair from a trader or an investor.bid price often varies in relation to a currency pair and different brokers have different bid prices base on their commission ratio.
OFFER or ASK; This is the price the broker is willing to sell a currency pair to an investor or trader...like bid, offer also varies in relation to a currency pair.
pls i will continue from here on my next post..and feel free to contact me for enquiry and help
pls all,i am sorry for not making my post on daily basis..i will created for it as soon as possible..pls bear with me.
LEVERAGE:Leverage is the loaned amount a broker gives to a trader on deposit.different brokers have different leverage offer but the professionally accepted and recommended leverage is 1:100.this simply means that for every $100 u deposit u are automatically eligible to $10,000 as your buying power,
LOT:A lot is a volume of $10,000.most fx brokers require that u invest a minimum of a lot per trade, a $10,000 represents a $100 of real money.
PIP: A pip is a unit price movement in the fx market.most times a pip represent 1% in the fx market but principally depends on your trading volume...when exchange rates changes pips changes proportionately either increasing or decreasing depending on your analysis ..this exposure continue on my next post...stay tunned.