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..