Take Control of Your Investments & Make Your Money Work Harder - Much Harder
Are you looking for a way to make some extra cash? I guess you are, in fact you and just about everybody else I know. So you must be wondering if you really can turn £1,000 in to £100,000 in less than twelve months. It sounds impossible I know and only a few people will be that successful but you could literally turn £1,000 in to £100,000 trading CFD's in Forex Commodities or Indices.
The point I am trying to make is this, whilst you probably think you'd need £10,000, £20,000 or even £30,000 to have a chance of making any money investing in the financial markets. The straight truth is you could open a live trading account and start trading Forex with a deposit or should I say initial investment fund from as little as £500, with some brokers.
I fear I am getting ahead of myself here but I must say, £1,000 is a more realistic minimum and £3,000 to £5,000 would be a more typical investment proposition. Fortunately, before you start investing real money in this business you can open a virtual trading account with a balance of up to £50,000, allowing you to practice trading with absolutley no risk to your capital whatsoever. This gives you an unbelieveable opportuninty to hone your skills, learn how to make trades and build both your experience and your confidence before you start investing any real money in to a trading account.
You won't make any real money until you open a live account and fund it with hard cash that is true, however this must be the best offer you have ever seen. The opportunity to practice a new profession, learn skills that could transform your finances, discover how you can take control of your investments and make your money do all the hard work for you. All this with absolutely no risk to your capital because a trial account is Free and with no obligation whatsoever, you don't even need commit to investing a single penny.
Firstly,
If you want to learn how to trade Forex or CFD'S you will need a broker that offers you a free Demo account. I have used a few now so I can talk from experience when I tell you some are better than others. I have recently discovered FXCM Ltd. ( Forex Capital Markets Limited ) or fxcm.co.uk for U.K. residents online, they are authorized and regulated in the United Kingdom by the F.S.A. (Financial Services Authority). They also trade in the U.S.A. as FXCM Inc. or fxcm.com for Internet users. a publicly traded company Listed on and Regulated by the N.Y.S.E. (New York Stock Exchange). FXCM offers lots of free training using online video updated every day and all the latest forex news constantly updated 24 hours a day, from the market open late Sunday Evening until the market close late Friday Evening. If you look around you will find there are many other brokers available some of them good, some of them not so good, however I must warn you to take care and do your due dilligence, many of them opperate from remote locations around the world to avoid goverment legislation designed for your protection. FXCM offer more support and education than any other broker I have found, they are properly regulated and they have experts on hand 24 hours a day keeping you informed of all the latest FX and Financial news.
Secondly,
I want to introduce you to a trading platform called Meta Trader 4 (MT4). This is a program that runs on your P.C. that enables you to place trades with your broker at any time you like day or night and with the MT4 platform you can trade automatically using a program called an Expert Adviser, these programs are often known as Forex Robots because they do most of your trading for you. An Expert Adviser will enable you to trade 24 hours a day with little or no need to be at your P.C. for hours at a time. You don't need to have an E.A. to trade of course, you can place your trades manually and that's a great way to start however, I have developed a trading strategy I call S.M.A.R.T. Trading (Simple Moving Average Real Time Trading) and I have developed an Expert Adviser program called Hawk-Eye that watches the market every minute of the day waiting for the right opportunity to open or close my trades. If you want to know more about S.M.A.R.T. Trading or Hawk-Eye I will explain in due course but for now all the help you need is on tap at FXCM.
Two big advantages with Meta Trader are :
1. The ability to to trade automatically day or night using an Expert Advisor.
2. The professional charts that are provided for you to analyze how the markets are behaving.
Three big advantages with FXCM are :
1. The large range of products offered in both CFD's and Spread Bets.
2. Professional and unparalleled support and education available FREE.
3. Choice of trading platforms all with direct dealing and professional charts.
Learn How To Trade Forex & Commodities Risk Free
Turn £1,000 into £100,000
In Under 12 Months !!!
Learn How To Trade Forex, Commodities and Indices 100% Risk Free With a £50,000 Virtual Account.
A few questions answered.
1. What are CFD's,
2. What is trading on margin,
3. What is short selling,
4. What is spot FX,
1. A CFD is simply a Contract For Difference, that means you trade a contract for a specific commodity , equity or forex pair based upon the price you buy or sell that contract.
For example, lets say Brent Crude Oil is trading at $75.00 per barrel and you buy a CFD for 100 barrels.
The price then goes up to $76.00 per barrel and you have just made $100.00.
But remember if it had gone down to $74.00 per barrel you would be down $100.00.
You can close contracts, extend or rollover contracts as you see fit whether they are in profit or loss that's up to you.
2. Trading on margin is the deposit required to cover any potential losses a trade may incur. For example your trade of 100 barrels of Brent Crude at $75.00 is worth 100 x $75.00 or $7500.00 but would require only about $750.00 free margin in your account but remember for every $1.00 it drops you would need a further $100.00 in your account to maintain that free margin.
3. Short selling is the term for selling a contract rather than buying a contract in this case you profit from the price falling. The easiest way to understand this is to imagine you sell someone, something (Oil, Gold, Forex or Equities) that you have not yet bought in the hope you can buy them cheaper before you close your contract. If you buy a contract (Open a Long Position) you must sell a contract to close your Long position. if you sell a contract (Open a Short Position) you must buy a contract to close your Short position. The difference between the buy price and the sell price multiplied by the amount you bought or sold is your profit or loss i.e. contract for difference (CFD).
4. Spot FX is the spot price for foreign exchange and is quoted in pairs, for example Euro/Usd. You simultaneously buy one and sell the other, so if you buy Euro's you are selling Usd and if you sell Euro's you are buying Usd's and your profit or loss is based on the second quoted currency in this case Dollars.
Warning
Trading CFD's and Spot FX offers many benefits however it's important to note that trading financial product's carries a high level of risk to your capital . You should only trade with money you can afford to lose.
It is possible to lose more than your initial deposit so please ensure CFD and Spot FX trading meets your business and investment objectives. If you are not sure about the risks involved seek independent advice before you make any investment and make absolutely sure you understand your obligations before you trade.
Trading CFD's and Spot FX offers you the private investor a way to make huge profits from many markets that have previously only been available to professional investors. I believe this offers the most rewarding, exciting and profitable opportunity you will ever find but you must conduct your trades in a professional manor and manage your risk responsibly.
A Demo Platform Is A Great Way To Learn
Have fun with your Demo Account, Its a great way to learn how to trade but before you open a Live Account take note of the following Warnings !!
Your Demo Account is 100% Risk Free but a Live Account is NOT .
Whilst this is a fascinating business that can bring huge rewards to successful traders I must point out there are risks.
Like any business or investment you can loose money as well as make it, The responsibility for your trades lies with you.
I will give you lot's of information about financial markets and CFD trading but what you do with this information is up to You, I accept no responsibility for any losses you may incur.
Every effort is made to keep the information on this website accurate and up to date however I accept no responsibility for errors or omissions.
