Tag Archives: Trade Forex For a living

How To Trade Forex After Hours-While Keeping Your 9 to 5 Day Job!

 

This blog post is written to help wannabe traders, how to make money out of trading the Forex currency market while in order to earn some extra income and at the same time being able to keep their 9 to 5 day job.

Majority of the Forex trading platform will encourage you to trade the markets as an intra-day traders because it is not only beneficial to them, but also because they do not have your interest at hearts.

They are concern about, themselves and they are only interested on the Success of their own Company.

Now Checkout the video below to learn how to Swing Trade For a Living without having any stress associated with day trading:

For example if you open any live trading account, they will give you everything for free, like trading charts, Forex trading tools like Fibonacci levels indicators, RSI, Stoichaitics, moving averages, Average True Range and many more.

They will also give you all the necessary Financial News in order to help you make an informed trading decisions and some brokers will even went to the extent of giving you someone who will be your forex trading advisor, for the mere fact that they want you to invest your hard-earned money in their trading platform, so that they can benefit from you irrespective of whether you lose or make money.

The other important thing to learn is reading and understanding  Price Pction or otherwise you will loose money on Buying Fake outs.

Majority of good forex trading platforms will let you open a free Forex Trading Demo Account, so that you can learn to paper trade without having to use your real money for a month and with some trading platforms a Demo account can last up to 3 months.

The reason why almost each and every trading platform will encourage you to trade using some small time frames from 15 minutes, 30 minutes and up to 1 hour is because forex traders make money from trading spreads.

In most cases, when you trade using small time frames, you will open a couple of trades per day and therefore your trading platform will make a lot of money from you in the form of trading spreads irrespective of whether you lose or make money.

Now as an End of the day trader, you will open few trades per day when trading long time frame charts like 4 hourly, daily or even weekly charts.

This will not only make you a profitable trader, especially if you work your 9 to 5 day job, but it also will give you a trading edge as you don`t need to be glued to your Computer and watch the markets the whole day.

The other advantage of trading the long-term charts is that, the Signals are more reliable, compared to trading short time frames.

The other advantage is that you will make more pips of between 100 and 300 pips per each and every trade you open if it goes in your preferred direction.

The only disadvantage is that, you stop-loss levels are also huge in other to cater for this big daily candles moves but with proper money management and correct position sizes this should never be an issue at all.

The other advantage of trading on an End of the Day Basis is that, you can trade even during the News announcements and make even more money without worrying that your stop-loss level will be hit by the volatility cause by Major News Announcements.

As it can be seen there are many advantage of trading forex using End of The Day 9 to 5 trading methodology, and the most important part is that, you only need 20 minutes per day to analyse the market early before you go to work and in the evening after coming from work and over time you will slowly but surely grow your income.

The other good thing is that you can go on with your life by earning money from your current employer, do all the things you like as usually but yet having a  side business that you manage by just investing a mere $1000.00 to $2000.00 which is a good thing indeed.

Thank you for visiting my website, and I hope you did enjoy reading this article and above all you will now use the information you learn here in order to finally start your side business to grow your income in order to pay for your child College Tuition fees or make the extra money to pay for your dream vacation.

The secret is to grow your money slowly and be patient and over time you will finally get there without being greedy.

From: Patrick Sekhoto

Http://www.Bannaga.com/

 

Learn How to Trade Forex For a Living!

So I guess you too want to learn how to trade Forex, in order to make a living out of it, and therefore promise you that you have come to the right place.You do not have to be a regular trader to take advantage of the lucrative Forex market. Any time you travel and exchange money you take part in the foreign exchange market(Forex market).In fact Forex trading is the giant of finance, dwarfing all the other capital markets in the industry.

Despite its overwhelming market size, the concepts of trading currencies are fairly simple. Here are some basics that you need to understand.Go through them as you “learn Forex Trading Online,learn How to trade Forex”
Eight Majors

The forex market is not like the stock market where you will find millions of stocks to choose from. In the forex market you only need to be keen on the 8 major economies and then analyze which one is likely to provide the best overvalued or undervalued opportunities. Here are the 8 main countries that play a big role in the currency market and you should keep a keen eye on them as you “learn Forex Trading Online,learn How to trade Forex”

  • United States
  • Euro-zone (the ones to watch are France, Italy,German and Spain)
  • Japan
  • United Kingdom
  • Switzerland
  • Canada
  • Australia
  • India

These 8 economies have the most sophisticated and largest financial markets in the whole world. By concentrating on the 8 countries, you can take advantage of earning any interest on the most liquid and credit worthy instruments in the financial market. Economic data is usually released from these 8 countries on a daily basis allowing you to stay informed and on top of your game when it come to analyzing the health of each economy.

Other important aspects that will help you “learn Forex Trading Online,learn How to trade Forex”

Yield and Return

When it comes to learning how trade Forex for a living, another key issue you should remember is that yield usually drives return. Whenever you are trading in the Forex exchange spot market, keep in mind that you will be selling and buying two different underlying currencies. All the currencies are usually quoted in pairs since each currency is valued in comparison to another. For instance, If the USD/EUR is quoted as 1.3500 which means it takes about $1,35 to buy one euro.

In each transaction you make, you will be simultaneously purchasing one currency and then selling another. This means you will be using the proceeds from the currency that you sold to buy the currency that you are now buying. Additionally, each currency in the world comes with an interest rate attached. It is your obligation to pay the interest rate of the currency you have sold when you earn interest on the one you have bought.

Leveraging Returns.

The currency trading market also offers tremendous leverage – usually as high as 100:1 – This means an investor can control assets worth $10000 with as little as $100. Nevertheless keep in mind that leverage is sometimes a double edged sword: It can earn you massive profits when you are right, but it can also generate heavy losses if you are wrong.

Carry Trades

Currency value is never stationary, and it is this feature that gave birth to carry trade, one of the most popular Forex trading strategy. In this strategy, a user hopes to earn not only the interest, but also looks for their potential to appreciate in value.

Getting to Know Interest Rates

Another important aspect of this trade that you should keep in mind as you “learn Forex Trading Online,learn How to trade Forex” is knowing where the interests are headed.This requires some understanding of the country’s underlying economics. Countries that are doing well with solid growth rates to curb inflation are likely to raise rates to curb growth and inflation. On the contrary, countries that are having difficult economic times ranging from a full recession to a slowdown in demand are likely to reduce interest rates.

The Bottom Line

Forex trading is now accessible by many people than ever before thanks to availability of electronic trading networks. This large financial market offers a number of opportunities for investors who are patient and take their time to understand it as they learn how to minimize the risk of failure.

Thank you for visiting my blog and reading my article, and if you have anything to add or want me to blog about a particular topic, do not hesitate to leave me a comment below.