Following the Forex for Profit

This is a brand new blog site dedicated to the education and training of would be forex traders. There is no other market under the sun where a profit can be made with such a small start up capital, and in such a short amount of time.

Starting with only a couple hundred dollars you can get into the largest trading market in the world. With a smaller account like that, you can put up less than $3 in margin to test your trading skills. In a days' time you would only need to get 30 points (called pips in the forex world), and you would double your money.

How hard is it to get 30 pips?

An average currency pair may move 100 pips or more each day. And you only need 1/3 of that in order to make 100%. Of course, you can settle for less and many professional traders, myself included, actually do. After all, only getting 10 pips, or 33%, is pretty darn good. And a heck of a lot better than you'll ever do at your bank!

So at this blog, I'll be showing you how I make my trades each day and what I base my decisions on. I'll also be recommending companies that can assist you in your trading with other good programs. But beware. While there are many good ways to trade the forex, there are many more bad ways to trade it, too! So it's crucial to only use people you trust, not just one of the multitude of scammers trying to make a quick buck.

Today's trade (which you could find by subscribing to my website) is a continuation of a trade we entered yesterday. We bought the aussie dollar at .9275. It is already up to .9336. That's a gain of 61 pips in 24 hours! And for those of you who are counting, that's 200% on my initial margin investment.

Now I am putting up more in margin than just $3, but you get the picture. Start small. Take your time and grow your account. That's what this blog is all about, making money in forex. And if there was ever a time when folks needed more money...it's now!

So check back in often, we'll be posting trades and lessons regularly!

Happy Trading!