Forex improves retirement for many who have retired too early and found that retirement living is too expensive for the incomes they now have. Retires have difficulty finding part-time work in today's economic malaise but forex is one avenue open to all. Unlike property and share market investing not a lot of capital is required to get involved in forex trading. In fact only a few hundred dollars is sufficient to open a trading account with a forex broker.
Investing just a couple of hundred dollars in the share market or in property is impractical if not impossible. However it is not only easy to make enough additional income trading forex but also it is a prudent strategy to minimize possible losses. Yes losses occur as it is unheard of - except for one successful professional trader - to never have losses. Professional forex traders recognize that trading fx and losses are part and parcel of the business of making money in forex.
The key is cutting losing trades short so that capital is retained and letting winning trades run to maximize the upside of profitable trades. Traders who are not successful usually are gamblers - who hope that a losing trade will turn around for them. This is seldom the cases and why most amateurs walk away from forex with losses. Another important principle to be a successful trader in forex is to never risk more than what a trade is most likely to yield. It is simply a matter of percentages. For example you should never risk $20 to make a possible $10 in a trade as the payout odds do not warrant it. At times the gamblers will plunge far too much money on a trade - risking more than 5% of their account capital. This again is not the way to approach trading forex. These simple principles are the keys for how to preserve capital which anyone in or approaching retirement must use when trading forex.
You do not need a college education or a lot of capital to successfully improve your retirement income. All that is needed is to follow a few rules and not be impatient. Some traders with only $1,000 starting capital make $1,000 extra income each week to improve their retirement living. Others who reinvest their profits are able to compound their capital - easily doubling their money each month so to build a small fortune very rapidly.
For many forex improves retirement income by increasing the size of retirees' nest eggs and producing additional income for them. Start learning about the forex opportunity quickly - you can get an education in forex on the internet. Get your forex manual today and then open a practice account with a broker first without risking any money. Once you can successfully increase the make believe money in the demo account you are ready to commence trading with real money and use forex to improve your retirement.
Monday, September 20, 2010
Sunday, September 19, 2010
What is happening?
What is happening is more and more people are needing to supplement their incomes with second and third jobs. Yet finding another part-time job is often difficult. Hear what savvy people are doing:
John T (employed) said:
"A while ago I asked my boss for a raise, and he said I should be happy I was being paid at all. So instead of getting angry, I went out and found a way to make a second income without too much hassle."
Mary S:(employed) said "
I've been working in the same office
for over 5 years and still found it
hard to make ends meet.
I realized that I didn't have to cut
back – I just needed more
income."
Jeff G (self-employed) said this: "
I had a few slow months - any self-employed person knows what I'm talking about. But instead of worrying about how I was going to cover the bills, I went out and found a second income!"
What each of this people had in common was the need to earn extra income. And the solution they each found was identical. What was that you ask? They started trading Forex - and soon had all the additional income they needed.
John T (employed) said:
"A while ago I asked my boss for a raise, and he said I should be happy I was being paid at all. So instead of getting angry, I went out and found a way to make a second income without too much hassle."
Mary S:(employed) said "
I've been working in the same office
for over 5 years and still found it
hard to make ends meet.
I realized that I didn't have to cut
back – I just needed more
income."
Jeff G (self-employed) said this: "
I had a few slow months - any self-employed person knows what I'm talking about. But instead of worrying about how I was going to cover the bills, I went out and found a second income!"
What each of this people had in common was the need to earn extra income. And the solution they each found was identical. What was that you ask? They started trading Forex - and soon had all the additional income they needed.
Sunday, September 12, 2010
Forex Outlook
The Forex Outlook for the next week is extremely uncertain - with mixed signals. A prudent strategy is to take/protect profits when opportunities permit. A short-term focus is the most appropriate style for the weeks ahead. Short-risk positions could be given some more slack if recent range lows are broken.
Traditionally September is when positions are entered into for the duration of a year. With the present pervasive economic sluggishness and pessimism, staying short-risk is a more than fair bet. But remember nothing is certain in love and forex.
This weekend, 27 central bank delegations gather in Basel to set final details of reforms concerning bank capital adequacy regulations. The issues amount to how much additional capital should be required and over what time frame. Germany, leading the charge for lower capital increases with a longer implementation period (10 years starting in 2013), with the US promoting a higher capital and liquidity requirements to be imposed more quickly (5 years from 2013).
Germany is opposed to more stringent requirements fearing its banking sector could be unfairly hurt by having to raise larger amounts of capital. This would potentially inhibit traditional lending activities and undermine economic recovery. European banks are less well capitalized than US. Thus a shorter timeframe to raise capital would have a EUR-negative impact. With the relatively long timeframes involved (either 7 or 12 years from now to meet new capital requirements), the short-term market impact might only be marginal.
Heightened concerns over the European banking sector are a concern at present. With additional burdens a more extreme spasm of risk aversion could be expected. A compromise seems likely, although it may only be slight. This next week might see some volatility on rumors or knee jerk reactions to news from Basel - but the end result is most likely to be little overall change. The more significant factors which could see a rise in bot the Aussie and the Kiwi is trade data from China.
Traditionally September is when positions are entered into for the duration of a year. With the present pervasive economic sluggishness and pessimism, staying short-risk is a more than fair bet. But remember nothing is certain in love and forex.
This weekend, 27 central bank delegations gather in Basel to set final details of reforms concerning bank capital adequacy regulations. The issues amount to how much additional capital should be required and over what time frame. Germany, leading the charge for lower capital increases with a longer implementation period (10 years starting in 2013), with the US promoting a higher capital and liquidity requirements to be imposed more quickly (5 years from 2013).
Germany is opposed to more stringent requirements fearing its banking sector could be unfairly hurt by having to raise larger amounts of capital. This would potentially inhibit traditional lending activities and undermine economic recovery. European banks are less well capitalized than US. Thus a shorter timeframe to raise capital would have a EUR-negative impact. With the relatively long timeframes involved (either 7 or 12 years from now to meet new capital requirements), the short-term market impact might only be marginal.
Heightened concerns over the European banking sector are a concern at present. With additional burdens a more extreme spasm of risk aversion could be expected. A compromise seems likely, although it may only be slight. This next week might see some volatility on rumors or knee jerk reactions to news from Basel - but the end result is most likely to be little overall change. The more significant factors which could see a rise in bot the Aussie and the Kiwi is trade data from China.
Thursday, September 9, 2010
Retirement Statistics
Retirement statistics show 35million retired Americans receiving welfare and an equal number of self funded retirees living on the equivalent of the government pension in retirement. If you do not wish to be one of those sad statistics there is a retirement solution which proved itself when the whole world crumbled in the Global Financial Crisis.
Do you seriously want to increase your retirement income? Would you like to replenish your diminished retirement nest egg? You can spend your time reading and re-reading about how Forex for Retirement is a real solution - or you can take action immediately to ensure you have a retirement with more dignity, more money and better health.
The hardest thing about learning how to trade currencies for a living is not the technical aspects of trading, nor does it have anything to do about money management - two vital elements for being a successful trader - it is simply getting started. People are not born with a computer in their hands (yet) and you do not need a college education to trade Foreign Exchange successfully. There are two basic ways to successfully trade currencies. You can either follow instructions to learn how to trade manually, spending less than an hour a day actually trading; or you can employ automated forex trading robots to do the tasks for you. In the latter case all you need do is put the money in the bank and spend it. Think of how good you will feel with money in the bank, able to pay bills and travel where ever you want. You can have a life of forex bliss or stay how you are.
Do you seriously want to increase your retirement income? Would you like to replenish your diminished retirement nest egg? You can spend your time reading and re-reading about how Forex for Retirement is a real solution - or you can take action immediately to ensure you have a retirement with more dignity, more money and better health.
The hardest thing about learning how to trade currencies for a living is not the technical aspects of trading, nor does it have anything to do about money management - two vital elements for being a successful trader - it is simply getting started. People are not born with a computer in their hands (yet) and you do not need a college education to trade Foreign Exchange successfully. There are two basic ways to successfully trade currencies. You can either follow instructions to learn how to trade manually, spending less than an hour a day actually trading; or you can employ automated forex trading robots to do the tasks for you. In the latter case all you need do is put the money in the bank and spend it. Think of how good you will feel with money in the bank, able to pay bills and travel where ever you want. You can have a life of forex bliss or stay how you are.
Sunday, September 5, 2010
Forex Retirement
Forex and Retirement go together like hand in glove. The Global Financial Crisis which swept the Globe in 2008 decimated many retirees savings and severely damaged retirement nest eggs. Forex (Foreign Exchange ) offers an excellent solution for retirees to restore their lost wealth and to create more retirement income. Forex trading unlike share market and property investment does not require a large amount of investment capital to produce large profits - principally because of the availability of leverage. Forex brokers provide leverage of 100 to 1 up to 500 to 1 - although most traders shy away from more than 200 to 1 leverage because not only does it magnify trading profits but it also magnifies losses.
Forex is an excellent vehicle for traders without a lot of capital to create wealth rapidly as the currency markets remain open 24 hours a day - unlike stock markets which close in the afternoon and open late in the morning. The liquidity of currency markets is enormous - exceeding $4 trillion dollars a day turnover. Also unlike share investing there is no insider trading and false financial reporting to cloud trading decisions. And one of the most significant advantage forex traders have these days is the availability of automated trading robots to crunch numbers and execute trades without the presence of a human trader. The owners of such trading robots have been able to make fortunes without doing any of the trading themselves.
Forex trading can not only significantly increase retirement income but also restore nest eggs. Successful forex traders work very few hours a week - often making only one or two trades a day. With leverage of 100 to 1 a trader with $1,000 can purchase one standard EURO/US Dollar contract of $100,000. A one pip favorable price move produces $10 profit. A 100 pip move produces $1,000 profit. And it is not uncommon for a daily fluctuation in currency price of 100 pips or more. A pip is a unit change in the fourth decimal place of a currency's price. For example if the Euro is worth $1.2789 and increases in price to 1.2799 there is a 10 pip gain - which is equivalent to $100 profit (10 X $10).
It is an easy process to open a forex trading account - which can be done online with a multitude of brokers willing to accept accounts starting with just $200 and some even less. However if you start with less than $200 in your trading account it will be a much longer process to create wealth or produce additional retirement income. However whatever the size of you initial account deposit it is a simple process to double your trading capital in the forex markets. Although it is often possible to make 100 pips profit in a day a weekly target of 100 is certainly a realistic expectation for all forex traders. Achieving a 100 gain would actually double your trading capital each week. If you care to start trading with $1,000 and double it every week then within 10 weeks it would amount to $1million by a simple compounding process - reinvesting your winnings instead of drawing down on them to spend. Whether you want to make a million dollars rapidly or prefer to enjoy more spending power sooner in retirement forex provides a credible solution to the financial problems now being faced by many in retirement today.
Obviously one must gain a forex education in order to trade forex in retirement. Fortunately the internet provides a lot of free resources for learners and the cost of the best forex trading robots is less than $200 so there is little impediment to trading forex in retirement other than the will to spend an hour or so a day learning about forex markets and trading them from the comfort of your home or from anywhere in the world there is an internet connection. If you are seriously interested in creating more wealth and providing more retirement income then you should consider trading forex in retirement..
Forex is an excellent vehicle for traders without a lot of capital to create wealth rapidly as the currency markets remain open 24 hours a day - unlike stock markets which close in the afternoon and open late in the morning. The liquidity of currency markets is enormous - exceeding $4 trillion dollars a day turnover. Also unlike share investing there is no insider trading and false financial reporting to cloud trading decisions. And one of the most significant advantage forex traders have these days is the availability of automated trading robots to crunch numbers and execute trades without the presence of a human trader. The owners of such trading robots have been able to make fortunes without doing any of the trading themselves.
Forex trading can not only significantly increase retirement income but also restore nest eggs. Successful forex traders work very few hours a week - often making only one or two trades a day. With leverage of 100 to 1 a trader with $1,000 can purchase one standard EURO/US Dollar contract of $100,000. A one pip favorable price move produces $10 profit. A 100 pip move produces $1,000 profit. And it is not uncommon for a daily fluctuation in currency price of 100 pips or more. A pip is a unit change in the fourth decimal place of a currency's price. For example if the Euro is worth $1.2789 and increases in price to 1.2799 there is a 10 pip gain - which is equivalent to $100 profit (10 X $10).
It is an easy process to open a forex trading account - which can be done online with a multitude of brokers willing to accept accounts starting with just $200 and some even less. However if you start with less than $200 in your trading account it will be a much longer process to create wealth or produce additional retirement income. However whatever the size of you initial account deposit it is a simple process to double your trading capital in the forex markets. Although it is often possible to make 100 pips profit in a day a weekly target of 100 is certainly a realistic expectation for all forex traders. Achieving a 100 gain would actually double your trading capital each week. If you care to start trading with $1,000 and double it every week then within 10 weeks it would amount to $1million by a simple compounding process - reinvesting your winnings instead of drawing down on them to spend. Whether you want to make a million dollars rapidly or prefer to enjoy more spending power sooner in retirement forex provides a credible solution to the financial problems now being faced by many in retirement today.
Obviously one must gain a forex education in order to trade forex in retirement. Fortunately the internet provides a lot of free resources for learners and the cost of the best forex trading robots is less than $200 so there is little impediment to trading forex in retirement other than the will to spend an hour or so a day learning about forex markets and trading them from the comfort of your home or from anywhere in the world there is an internet connection. If you are seriously interested in creating more wealth and providing more retirement income then you should consider trading forex in retirement..
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