Welcome!
Do you know that you can make a fortune in online Forex trading with as little as $300.00? Yes, you can. It is called trading with a "Mini" Account. Well, just hang on because through out this blog you will learn the strategy on Forex Trading. But, first I would like to warn everyone that trading Forex or Foreign Exchange Currency pairs contain substantial risks and may result in potential losses. Do not put or invest any funds that you cannot afford or willing to lose.
By the way, do you know what Online Forex Trading is? Well, I define it as the buying and selling of currencies through the internet and profiting from the changes in currency prices.
Is this legitimate? The answer is a big YES. Currency trading has been around since money was invented. Trading it online (via internet) is simply a more convenient and efficient way of doing it. To make this market more legitimate, a Forex Broker must be registered under a government agency in the particular country that they are based.They must also be a registered Futures Commissions Merchant (FCM) regulated by the Commodities and Futures Trade Commission (CFTC) and the National Futures Association (NFA).
How do I trade? Do I need a Broker? Apparently, the answer is yes, because you cannot trade by yourself. You have to trade through a broker. However, when choosing a Broker please make sure they are a registered FCM and regulated by the CFTC and NFA. There are lot of brokers, such as GFT Forex, Easy Forex, IBFX...too many to choose from. But for Mini Account, I am very comfortable with FXCM based in New York. Opening an FXCM trading is quick and easy. Applications can be submitted online, or via FAX. But the quickest and easiest way to open an account is online. Processing takes just minutes and once approved, you will have to deposit money to your trading account either through credit card or bank wire transfer.
The good thing about Forex trading is that your money can be withdrawn at anytime...24/7, funds can be credited back to your credit card or wire transferred back into your local bank account.
To be continued...
