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A funny thing happened while I was researching my bank’s own statement. It stated that it was making 40% per month in something called foreign currency exchange. Hmm. They were only paying me 3% on my account.

The foreign currency exchange market,or forex, for short, is the world’s largest financial market. We all know the stock market is huge, but just think of all of the currencies in the entire world being traded on a daily basis. The average daily forex trading volume currently exceeds $2 trillion.

Foreign currency exchange is the simultaneous buying of one currency and selling of another. The world’s currencies are on a floating exchange rate and are always traded in pairs.

For example, British Pound/US Dollar or British Pound/Japanese Yen. There is no central location like the New York Stock Exchange since it is a floating exchange rate and so it is referred to as an interbank market.

After doing research on this, called the forex, I found out there is also a huge industry making money off people teaching them to trade the forex. This industry charges thousands of dollars for seminars, charts, signals, trading systems, monthly newsletters and so on. This used to be the playground of only the very rich. In the past few years, the average person has been allowed in.

The forex market is open from Sunday afternoon to Friday afternoon, 24/7. Which is very cool.

People spend thousands of dollars on courses, mentors, charts, signals, and so on. They spend hours trying to learn this stuff and getting up at odd hours to trade at the “best times.”

A process has started of bringing this to the “little guy” and show why you don’t have to spend all of this money. You can start a forex account with as little as $1,000 (and why you should start with at least this amount), it is extremely liquid, and you can see how to get started and receive FREE signals each month, free charts, and spend only a couple of minutes a day checking out your account.

No systems to learn, no monthly fees, you just plug in the numbers. You won’t have to get up at odd hours either.

You may be saying to yourself, 20% to 40% on my money every month is pretty awesome. What is better than that, is that your money will grow exponentially!

When your $1,000 grows to $2,000, you can increase what you risk by adding what they call a lot. So instead of making $200 on your monthly trade, you are now making $400 at 2 lots. That is the greatest part of trading the forex, the exponential potential.

One of the most beneficial things you can do before you invest your money, is you can receive a free practice account from your broker with some play money before you put your cold hard cash in. Try it for a month or two, see your results, then you can feel confident that you can put real money in an account.

If you have enough money to start with a $10,000 account, you would make $2,000 on your 20%. Learn to trade the forex the easy way with minimal effort.

By Zul Affandy 

Foreign currency exchange, or forex, has spawned a huge industry teaching people how to do forex trading. A person has to be careful where they get their forex information and how much they pay for it.

The forex, or foreign currency exchange market, is the largest market in the world. We all know the stock market is huge, but just think of all of the currencies in the entire world being traded on a daily basis. The average daily forex trading volume currently exceeds $2 trillion.

In 1986, Caterpillar made a 100 million profit trading the forex and would have actually had an operating loss for the year on their normal business if it wasn’t for that profit.

In 2002, Bank of America made a $530 million profit in forex trading as stated under “Global Investment Income” on their annual statement.

Daimler Chrysler sells cars, correct? In 2003, they made more money on foreign exchange than by selling cars and half of their second quarter operating profit was from currency trades.

Foreign currency exchange used to be the playground of only the very rich. The past decade it has been opened up so someone with as little as a few hundred dollars can trade the forex.

This has spawned an industry all of its own teaching people to trade the forex. Seminars, charting systems, currency trading systems, signal systems and software have all been created to instruct people how to trade the forex.

Interestingly enough, the range of what a person can pay for this instruction varies dramatically. A person may or may not actually learn how to trade the forex profitably after spending thousands.

For example, a one- or two-day forex seminar typically will cost thousands. Companies market software that costs thousands. Signal companies typically charge monthly fees of hundreds of dollars to send the numbers to a person and the numbers are just plugged in.

None of these costs can assure that someone will actually make money in the forex. In fact, over 90% of new forex traders lose their accounts.

With the appropriate resources, a person can earn 20% monthly on their money and as they build their account up, an exponential force can dramatically increase their account.

For example, a person begins with $1,000 and sees their account grow to $2,000. The trader can add risk to their account by adding a lot. So, instead of making $400, which would be 20% on that $2,000, the trader would make $800 by having added a lot. You can see the exponential power of the forex.

Unfortunately, this power is what gets new traders in trouble. Not every trade is a win. With a few wins under a trader’s belt, the newbie believes he or she can add more lots to their trade, and then they end up with a huge loss.

It is advised that the beginning forex trader begin with some of the e-books or online resources that are less expensive at first to ensure their success trading this market.

By Zul Affandy

The forex, or foreign currency exchange market is the world’s largest financial market in the world. It trades more than 2 trillion dollars on just a daily volume! Many want to enter this market, but over 95% of new traders lose their accounts. These tips will assist you in becoming one of the elite 5% of traders who earn a lucrative income in this market.

1. Don’t spend thousands of dollars on “gurus” and seminars. The forex market is loaded with experts wanting to sell you exclusive information which may or may not teach you how to profit in the forex market.
2. You don’t need to spend hours upon hours learning forex trading systems only to lose your money in your account, when you think you are ready.
3. Make sure you begin trading in a forex practice account. Every broker offers them. You can get used to their trading platform and know how to use it when you start placing live trades.
4. Don’t be afraid to call up or e-mail your broker about how to use your forex trading platform. They are there to help you and they want you to eventually open a live account with them.
5. You can purchase inexpensive forex e-books for under $100 that will teach you what the big-time gurus want to teach you and you can learn it in a smaller time frame without monthly fees.
6. You don’t even have to learn a forex system. You also do not have to pay hundreds of dollars for forex signals or trades. There are profitable forex signal providers that will allow you to try their trades for free before you invest your hard-earned money.
7. Money management. This is the big tip. Most recommend that you risk anywhere from 1% to 10% of your account on any one trade. For example, if you are trying to earn 100 price interest points or pips on your trade and you are risking 50 pips, you want to make sure you have $500 to $5,000 in your account for that one trade depending on your level of risk that your are willing to take.
8. Automated systems. Just like you don’t have to spend hours actually learning a trading system, you can use an automated account which will trade your forex signals or trades for you. You don’t have to pay lots of money for an automated system if you choose the right forex broker. This also eliminates the need to be upat odd hours trading the forex.

By Zul Affandy 

I know what you are thinking. Robots? Forex? What are those? I might know what trading is. Let’s start with the forex. When I tell the people I trade the forex, the first thing they say is,”What’s that?” The forex is the foreign currency exchange market, the world’s largest financial market. If I want to trade dollars for euros, I use this market. If we put all of the U.S. American Stock Exchanges together, they equal 100 billion dollars in daily trading volume. However, the forex trades more than 2 trillion dollars per day.

There are people who charge thousands of dollars to “teach” you how to trade the forex market. Traders spend hours trading this, but it doesn’t have to be that difficult. Systems can be set up for less than two hundred dollars and you only need to invest around five hundred dollars to begin with! Beware of the forex guru. They will charge you thousands without helping you to actually make money which is exactly the point.

One of the coolest things about the forex market is that you can practice in a demo account before you invest your hard-earned money. The first thing you need is a system to trade. At Wealth System Solutions, they test systems and only suggest the ones that actually are inexpensive (one is under two hundred dollars and the rest are under one hundred dollars compared to the hundreds and thousands the rest of the market charges).

The next step is you need a broker. Most of the systems suggest the broker that fits your system. If not, you can always e-mail them and ask them which broker is best. Once you have your broker, you can sign up for a practice or what they call, a demo account.

Now, on to those robots. There are several systems that allow you to set up your forex platform (where you put your trades into) that you got from your broker with automated systems to trade for you. There are four of them recommended by one system or program and a software program that is the easiest way I have seen to trade.

Okay, now for the last part of that title. Mini online trading. There are two types of accounts, the standard account which you need at least five thousand dollars to open and the mini account which you can open with as little as two hundred dollars with some brokers, but I suggest you open it with at least five hundred dollars if not one thousand dollars so you have room for your trades to go up and down.

Banks and large institutions make billions trading this market. Now it is your turn. You don’t have to make 2% on your money at the bank or tie it up in a money market account and not be able to access your money while your bank is making 40% per month on it with expert forex managers.

The more money you earn in the forex market, the more you can earn. Your trades are measured in pips, or price interest points. Let’s say you earn 100 pips in your account this week, you earn approximately one hundred U.S. dollars. Let’s say you start with one thousand dollars in your mini account and you get up to two thousand dollars. Now you can add what is called a lot. Now instead of making one hundred dollars, at two lots , you are now making two hundred dollars on those 100 pips. You can see how it grows exponentially. Now let’s say your account grows to ten thousand dollars. You can open a standard account and your 100 pips makes you one thousand dollars because now you are making ten dollars per pip instead of one dollar. Again, add a lot at twenty thousand dollars and you are earning two thousand dollars on those 100 pips at 2 lots.

If you think these are hypothetical numbers, let me show you what happened with just one program this week: Here is a recap of how we did with the forex trading for the week. Monday USD/CAD -12 PIPS GBP/AUD +55 PIPS Tuesday I was out of town so I didn’t trade. Wednesday No trades occurred. Thursday EUR/CHF +15 PIPS AUD/USD +32 PIPS GBP/USD +12 PIPS We had a total of 5 trades and won 4 of them. Over 100 pips total profit. Now you know about the world’s largest financial market, the forex, robot trading, and what a mini and standard forex account is. Best of all, you know how to make money like your bank. Good luck and good trading.

By Zul Affandy

No, I am not talking about the rock band. Yes, I am talking about KISS as in the phrase, “Keep It Simple Stupid.” The Forex-Kiss method is the latest automated program that recommends exactly how you should trade the method depending on the amount of money you have to invest.

Even though this forex system touts that they took a one hundred thousand dollar account and turned it into a two hundred thousand dollar accounts in only three months, the system can also be traded for only five hundred fifty dollars as well.

An important part of the system that could possibly change your perspective on forex trading is that the Forex-Kiss system removes the stress out of trading and automates everything for you. They also have excellent support. This author contacted support by email and received a response in a short time the same day.

You will also be informed where you can go to keep up to date with the latest developments and also read how others have already started using it live. That means you can have access to a forum where fellow forex traders are using real money in real accounts.

Wealth System Solutions has found that the results of the Forex-Kiss system is +90.04% since January 8th, 2007. Because of the automation of the system, there is zero drawdown or big losses such as other systems. One interesting point of the system is that when the forex market has big swings, it adjusts for these and allows you to earn money even during the first Friday when the non-farm payroll report is announced.

Forex-Kiss is indeed a forex simple strategy. We are seeing more automation in the forex industry so forex traders don’t have to spend hours staring at a computer screen and trying to decide which indicators to use on their forex platforms and charts. In addition, the Forex-Kiss system will not cost you thousands of dollars just to not make you money like many systems out there. The cost is low and they show real account results on their website. Forex-Kiss is a recommended strategy by Wealth System Solutions.

By Zul Affandy

The forex, or foreign currency exchange market, is the world’s largest financial market trading more than three trillion dollars per day. Banks and institutions make millions for their individual companies trading this market.

As companies charge hundreds of dollars for their forex trading systems and thousands of dollars for their seminars, it begs the questions, “Is there a simple strategy for trading forex?” and.” Is there an inexpensive method?”

After spending thousands of dollars and hours not learning to trade the forex market, Wealth System Solutions and Forex Money Online were created to test inexpensive systems to see if there were easy and inexpensive systems that you could use to actually profit in this lucrative market.

One of the most interesting developments is that the companies found several products that cost only two hundred or one hundred dollars that taught about the forex. This is compared to typical programs and seminars that cost hundreds and thousands of dollars and don’t teach you to profit from the forex.

One new program is a simple, easily downloadable software program which tells you exactly which currency pairs and at what time of each day Monday through Thursday that a person should trade them. Even though the forex interbank market is open Sunday through Friday, with this simple software, trading need only happen a couple of times per day Monday through Thursday.

Many systems trade the London market which in North America is in the middle of the night and difficult for the average person to trade. Not so with this software. It can be traded during the day, you can receive even receive signals remotely, and the software even tells you if there is a trade or not.

For the week of August 8th, 2007, the results looked like this: Here is a recap of how we did with the forex trading for the week.

Monday USD/CAD -12 PIPS GBP/AUD +55 PIPS

Tuesday I was out of town so I didn’t trade.

Wednesday No trades occurred.

Thursday EUR/CHF +15 PIPS AUD/USD +32 PIPS GBP/USD +12 PIPS We had a total of 5 trades and won 4 of them. Over 100 pips total profit.

Each trade is done in currency pairs. The software tells you whether to buy or sell. For example, on Monday the USDCAD pair or US Dollar/Canadian Dollar pair was traded for a loss of 12 pips or price interest points. In a mini account, basically that’s a loss of 12 U.S dollars at one lot. At two lots it would double, etc. In a standard account, the loss would be one hundred tweny dollars at one lot.

Let’s not focus on the loss though. Basically, with the software, you would have traded two days and made 100 pips profit! I say two days because as you notice, Tuesday wasn’t traded and Wednesday, the software indicated no trades were available. If you know nothing about the forex, let me tell you, this is unheard of! People spend hours on their computers trading and don’t get these results.

Wealth System Solutions has indeed found a solution to the expensive systems and seminars, a simple strategy for trading, not to mention the time it takes to actually make an excellent profit in the world’s largest financial market, the forex.

By Zul Affandy 

This is one of the most important decisions you need to make at the start of your Forex trading: Who are you going to choose as your regulated Forex broker? You need to have a broker to place your trades in the market on your behalf. There are a number of factors that can help you come to a decision as to who you should choose.

One of the main things that you have to do is make sure that you chose a regulated Forex broker. If based in the US, your broker should be registered with the CFTC, the Commodity and Futures Trading Association. They should also be a member of the NFA, the National Futures Association. If they are Swiss based they should be regulated by the FDF, the Swiss Federal Department of Finance.

It is possible to look through the records of these organizations online to do some background checking of the broker that you are interested in. This should show you whether the broker has had any serious problems that have resulted in the regulatory authorities becoming involved. If the broker is not regulated at all, it is best not to proceed.

Other factors that will influence your decision of which broker to choose will include the costs involved. Forex brokers make their money by taking the difference in the ask price and offer price. This ’spread’ should be as small as possible to make sure you are not being overcharged. Most brokers are in the range of 2-3 pips. If you are going to be charged 5 pips or more - walk away!

Another important consideration is the software or platform that the broker provides to make your trades. This can either be downloaded to your desktop or an online version. It is likely that you will find that some platforms are more user-friendly than others. So do shop around, as this is a crucial piece of equipment that you will be using in your day-to-day trading.

As well as the technology, many beginners value the human touch as well. Is it easy to contact a human being when you have a query or are you left on answer phone for ages? Why not give their support team a call and see what the response is like? Some regulated Forex brokers pride themselves on the level of customer care that they provide. Don’t be afraid to put them to the test.

By Zul Affandy 

You’ve heard about other people making a full time income from investing in the Forex but you’re just not sure if it is for you. If you’re in this position, we’ll take you on a quick tour of the concept of Forex foreign exchange rates, the benefits and the risk involved.

The Forex market revolves around the buying and selling of money - specifically the various currencies around the globe. The market is huge. To give you an idea of its size, the volume traded is 3 times that of the stock market and futures market combined.

When you start trading the Forex you simultaneously buy one currency and sell another currency. A Forex quote will look something like USD/EUR = 1.2. This can sometimes be a bit daunting to the beginner, but it essentially means that one US dollar can be sold for 1.2 Euros. The 2 currencies listed are known as currency pairs, and there are various pairs that are commonly quoted including USD/GBP (US dollar and British Pound), USD/CAD (US dollar and Canadian dollar), and USD/JAY (US dollar and Japanese Yen).

Trading the Forex has a number of benefits over the stock market. The first of these is the ability to trade 24 hours.

Unlike the stock market, there is no physical location that the Forex is traded from. It is a global trading network that runs continuously. This means that you can trade at a time to suit you even if you have other commitments in your life.

Another benefit is the ability to be able to use leverage. This allows you to control large sums of money using only limited funds. If you have a broker that allows you 200:1 leverage, you can control $20,000 with only $100 of your own money. This means that you can increase your profits many-fold. But the downside is that if you do not correctly predict the market, your subsequent losses will also be much higher. Using leverage wisely is something that comes with experience.

A way of building up your experience with Forex is to trade a demo account first. This is a facility that is provided by many of the online Forex brokers. You get an account with ‘virtual money’ in it. You can then start trading without fear of losing any real money. You’ll get to feel comfortable using the trading software and you can even test out trading systems to see if they actually work.

There is a wealth of information available on the Internet about Forex trading. Much of it is free. It is advisable that you start out by getting an understanding of the basics such as Forex foreign Exchange rates, pips, trading signals and trading software. Then if you want to take things further, you can look into buying a trading course.

By Zul Affandy 

So you need a Forex broker. And you have heard about some of the advantages about having your banking in Switzerland.

Would it make sense to have a Swiss online Forex broker? Here we look at some of reasons why you may want to go down this route.

Forex brokers are companies or individuals who will execute your trades for you. In practice they will usually provide you with a computer interface or platform that will allow you to monitor the market are place your trades. Everything is done electronically; there is none of the ‘I’m getting on the phone to my broker’ that you sometimes see on the TV.

Some of the online brokers have based their operations in Switzerland. In this country banking secrecy is considered a civil right. It is similar to the confidentiality agreement between a doctor and a patient. It doesn’t matter whether you’re a Swiss citizen or a foreign national using financial services in Switzerland, your personal information is considered secret. This level of privacy is one of the main attractions of having a Swiss online Forex broker.

But there have been some changes recently. The Swiss authorities have introduced money-laundering regulations that affect financial institutions in that country. It is important that your broker abides by these regulations. If you are suspected of laundering money, or being guilty of financial criminal act, your right to banking privacy is likely to be removed by a judge in a court of law.

Regardless of where they are based, your broker should be able to offer you a demo account to start practice trading. This will allow you to get a feel for their platform and you can evaluate whether you are comfortable with it. In fact it is not a bad idea to try 2 or 3 companies in this way and you can then select the best one for your needs.

Before making a final decision on your broker do some research online and see what their customers’ are saying about their service. Visiting industry specific forums can be very revealing. I’ve noticed that some of the companies offering the best customer service are Swiss online Forex brokers. Although they are US companies, they have based their operation in Switzerland.

By Zul Affandy 

If you spend any time on the Internet, sooner or later you’re come across a discussion about making fantastic profits in Forex trading. Until the mid-nineties this was a market that was the preserve of banks, institutions and seriously wealthy individuals. But now the ordinary man in the street can open an account and start trading thanks to the PC and the Internet.

But despite all the promises that are made by product sellers, the fact remains…the majority of traders actually lose money! This may come as a shock if you have spent time looking into Forex online trading systems, because they all make it sound so easy. But learning the Forex is like getting to grips with a new career. There are certain facts and basic knowledge that you need to learn. Then you also need practical experience of trading and putting theory into practice.

This process can take time before you are at the level of professional investor. One way to fast track this is to invest in a good quality trading system. These can help you reach your goals more quickly and give you a good structure to making investment decisions. But you need to be careful. Some trading systems are scams. They are simply put together to make the publisher money…not you.

So how can you protect yourself if you are about to buy a system? First of all make sure that the system has a money back guarantee. It may take some time for you to evaluate the system so you should really be looking for a guarantee of at least several months. If it does not work for you then you can ask for a refund.

Do your research before you buy. See what other people are saying about the product and how well it’s working. Is it worth the investment or are people having little success with it? Visiting Internet forums can be an enlightening experience.

When you have invested in a Forex online trading system, you should always trade it on a demo account first. Don’t risk your own money until you are making consistent profits. Although this may take a little bit longer, you don’t want to be one of those unfortunate souls that have fallen for a scam and lost money.

By following this advice you have the best chance of setting up a successful Forex system in a reasonable amount of time. In less than a year from now, you could be profiting like a professional trader.

By Zul Affandy