pip4wealth:

Forex trading is a two way sword that can make money for you as well as negativelly kill your money. The truth of the matter is that it is a business that is highly profitable with almost equal amount of risks. Over the years, my finding on most traders that have lost their money is that an average nigerian want to reap where they have not sowed, most young trader want to make money without sufficient training. This account for the 95% reasons that the failure rate recorded is so high.

For powerful and up to date resources on forex Visit.
www.forexelibrary.com

Toks2008:
Hi Everyone,

I am here to tell you in a nut shell the simple truth about forex trading.

It is real and very very profitable and also very very very v, e, r, r, y risky. Go ask buffet(Richest man in the world)

Forex trading is not different from what we see in the bereau de change where they buy dollars to sell pounds or sell eur to bur pound or dollars but in the case of automated forex trading, we see these trades take place in mutes or hours and even days and months depending on the way you want to trade.

But because we can;t trade on our own, that is where we need a broker to trade on their platform and they charge their own commision per each trade you execute.

Note these points:

1. If you don't have a good source of money inflow, you cannot trade forex
2. If you hate reading and constant self improvement, forex is not for you.
3. If you are greedy, simple forget about forex trading.

I can continue to list many factors that affect forex trading business in Nigeria and the number factor is that many people trading forex in Nigeria are poor or jobless and this is not good for forex trading because if you are not careful, you may lose so much that you may need to fund your account to continue traing and that is where the other financial source comes in.

But this is no big deal because you are supposed to demo trade for as long as you are sure you can trade real money so no fear. For your information, i have been demo trading for close to three months and i am still demo trading but i am now experienced enough to trade real money so i just funded my account with just $150 and by september i will put in 1000usd.

Now enough of all these ecclesiastical mumbo jumbo and lets get down to the basis.

IF you are really interested in starting a forex trading business, then you can totally depend on these info worth thousands of dollars but i will give you free of charge.

Follow these steps to get started.

1. Get a desktop or laptop computer with good speed and processor with internet connection. Use a good dial up for a start.
2. Go to babypips.com and read the online forex for beginners book (This is the best e-book for forex newbies)
3. Go to google and write the phrase (Downloading interbank platform for forex demo trading) Note that you can use any platform later when ready for real trading and you can continue with interbank. So familarise yourself with trading with platforms which is a practical approach rather than giving yourself headache raeding your life out. Simply read the manual about the platform which you can get from the help section on the platform.
4. Please read extensively on money management as this is the area many people fail in forex. And read extensively about resistance and support level as well as trend lines as these areas are the focal points of making money in forex.

With babypips.com and a demo account for you to practise with, forex will make more sence to you and you can hope for that financial freedom you have always dreamt about.

Trading forex is the best thing that will ever happen to you. Depending on your start up cap1tal and lot size you can make 100usd, 1000usd, 10000usd, 100000usd, 1000000usd or more in just one day and you can also lose same.

Now let me show you why many people lose money so swiftly in forex and they come out saying forex trading is a scam.

Look at this two traders, one is disciplined and the other is very greedy.

I will be using some terms but you will understand them as you read your babypips beginners education.

DISCIPLINED TRADER

Opens a live trading account with lets say $1000 and on a daily basis, he makes only 7 trade. On the average, he wins 4 trades and loses 3 on a daily basis.
lets say he buys GBP/USD and he trades 0.1 lot, he stop his losses at 30pips($30) and he takes his profit at 80pips($80) and at the end of the day lets say he was able to make just 7 trades and he lost 3 and won 4, this means a loss of $90 an a win of $320 making $230 PROFIT for that day.

INDISCIPLINED TRADER

Opens a live trading account with lets say $1000 and on a daily basis, he makes only 7 tradeS. On the average, he wins 4 trades and loses 3 on a daily basis.
lets say he buys GBP/USD and he trades 1 lot, he stop his losses at 30pips($300) and he takes his profit at 80pips($800) and at the end of the day lets say he was able to make just 7 trades and he lost 3 and won 4, this means a loss of $900 an a win of $2400 making $2300 for that day.

I can hear you say so what the heck, he still made $2300 at the end of the day but have you asked your self what would have happened if he lost in the first two trades, that means he will not have enough money to trade profitably as he will be left with $400 and this will be two little to trade a good margin.

So you can see how easy it is for a greedy man to lose all his money trading forex and that is the story of many Nigerians in particular, they want to trade bigger lot with smaller amount thereby losing all their money but why can;t they be ok with at least 200usd or even 100usd profit daily and build their trading capital to the level where they can conviniently trade bugger lots.

And for those who are really interested and are only hoping to get even a computer system, we are designing a program that will put you on your road to forex trading in a matter of months.

So are you interested in Trading forex profitably?

Just send me an e-mail and i will show you

1.the exact strategy i am using to make a consistent average sum of 400usd daily in my demo account(Forget the word demo account because i will make same in a real live account without emotions since i have developed the trading habit over two months), i will teach you in a very informal manner how you can make consistent profits from the forex market.

2. I will introduce you to good trading software that will act as a guide for you to know when to enter and exit a trade.

3. i will introduce you to referral program that will allow you earn good money to start your journey to forex trading and you will be able to generate money to buy your computer, get internet connection and also have steady flow of cash to trade forex with as this will eliminate fear of losing money knowing that you can always earn more more from these referral program.


For more info on forex trading e-mail diamondfieldng@yahoo.com

Thanks

REUBEN010: Hello house. Pls I need to know if the forex demo trading requires internet access.

Toks2008:


I quite agree with your notion but never the less, you definitely need someone to put you through and that is tantamount to teaching. It is this teaching or whatever you may term it that people pay for.

For instance, today, i can say i am a good trader making profits consistently but before i got to this level, i read my head out day and night trying to get the drift of forex trading. At a stage, my wife got so angry that she treathened to hide away my laptop since it has taken her place.

But now, i can be proud to say boldly that i am a good forex trader but you know what; despite all the stuffs i read, someone still helped me out on the use of mt4 platforms which ofcourse without his help, i will still be distances away from trading profitably.

So bro, you definitely need someone to teach you some key trading methods to make it in forex.

That is why i encourage every interested individuals to add my e-mail to his friend list so that i can give them free mentoring to a level where they are sure of making profits consistently.

Thanks

naira0:








I have heard a lot about FOREX. Please, your advice and info will be appreciated. Here's my email address:
talk2ii@yahoo.com

Toks2008:


I quite agree with your notion but never the less, you definitely need someone to put you through and that is tantamount to teaching. It is this teaching or whatever you may term it that people pay for.

For instance, today, i can say i am a good trader making profits consistently but before i got to this level, i read my head out day and night trying to get the drift of forex trading. At a stage, my wife got so angry that she treathened to hide away my laptop since it has taken her place.

But now, i can be proud to say boldly that i am a good forex trader but you know what; despite all the stuffs i read, someone still helped me out on the use of mt4 platforms which ofcourse without his help, i will still be distances away from trading profitably.

So bro, you definitely need someone to teach you some key trading methods to make it in forex.

That is why i encourage every interested individuals to add my e-mail to his friend list so that i can give them free mentoring to a level where they are sure of making profits consistently.

Thanks

Toks2008:
Hello Nairalanders,

Saw this article online so i felt it might come in handy in ecplaining what Forex trading is all about. Read on.

Forex day trading is the most profitable and attractive investment opportunity because you can do it from home or office and from any country in the world.

Most people from middle class make their money from investments in real estate, stock trading, bond trading, mutual funds, CDs, auction programs and various internet programs and other small businesses.

They may have never heard about day forex trading, which is where multi-millionaires and billionaires make their money.

Until now, you may have never known how easy it is to make fast money from forex day trading, because nobody has ever given you the correct information, as I will in this article.

In forex day trading, you don't need to do any marketing or selling or internet promotion to succeed.

In forex day trading, you don't need to spend thousands of dollars to do any internet promotion.

In forex day trading, you don't need any stocks or warehousing.

In forex day trading , all that you've to do is open an account with one of the brokers with as little as $300 or $2000.

Then follow simple instructions to buy and sell the currencies.

When the price of the currency is low, you buy.

In a few seconds or minutes, the price will go up, and you sell it and make a profit.

By so doing , in a day, you can easily make $500-$1000 by just buying, selling and trading these foreign currencies for about 3 or 4 hrs!

The more money you put in your forex day trading account, the more money you can make.

You can use $1 to control $200 investment in foreign currencies.
$200 to control $50,000 investment.
And $1000 to control $200,000 cash.


And get this:

You don't even have to be stuck sitting behind your computer buying and selling these foreign currencies.

You can enter all your buy trades and specify the sell prices you desire and then log off.

Whenever the values of these foreign currencies rise and your selling prices reach, the currencies will be automatically sold for you and you make money!

If you put $300 in your LIVE "Forex day trading", you can generate a minimum of "$10 in 10 mins." or about "$50" minimum daily, 6 days/wk!

If you put $1000 in your LIVE "Forex day trading", you can generate "$100 in
10 mins." or about "$400" minimum daily, 6 days/wk!!

If you put $10,000 in your LIVE "Forex day trading", you can generate "$300 in
10 mins." or "$1000" minimum daily, 6 days/wk"!!!

If you are very ambitious build your live account to $50,000-$100,000 account, you may possibly rake in $1,000,000 in 1 year!


You can do forex day trading and at the same time keep your day job, because in forex day trading, there is no work to do.

In the future when you have made hundreds of thousands of dollars, you may then quit your job and just keep doing forex day trading forever and go on permanent vacation!

To understand the beauty of forex day trading Picture this:

In the morning, you get up from sleep at 6 am.

You go to your bathroom and have your shower.

At 7am, you hurry and eat your breakfast.

At 7.20 am, you login into your forex day trading account on the internet and spend 10 minutes to buy about 3 or 4 different currencies, [for example British Pound, Euro, CHF (Swiss Currency) and Yen (Japanese currency).]

You can specify the price at which you wish to sell each currency.

Then you can log off.

By 9 am, you're at work in your office or business place.

You do your job as usual and by 5 pm, you're finished and heading home.

When you get back home around 6.30 pm, you login into your forex day trading account to see how much money you've made.

Holy Molly, there in your account it says you have made $750!

"Is this for real?", you wonder�

Yes, it is. (Your eyes are not deceiving you�)

$750 in a day for just clicking your mouse twice and doing no work?

(Whereas at your job, you work 8 hrs, but make only probably $150, )

This is how easy it is to make money from forex day trading.

But before you use real money to open a live forex day trading account, you have to open a free trial (demo) forex day trading account and practice first, to understand how it works and to acquire the right skills.

This free demo (trial) forex day trading account (forex simulation trading) will help you to reduce a lot of risks that can lead to loss.

In forex day trading, you can choose how much money to invest, how much money to make and when to make it.

You can make money daily, 365 days all year from forex day trading.

Your computer can be transformed into a personal, home "ATM" machine that cranks out cash for you daily (without large investment or hassles) from forex day trading.

In forex day trading, you can choose what type of risk you can manage, when to invest and when not to invest.

In forex day trading, you're the boss. You may do as you please.

When forex day trading is compared to other investment programs such as stock trading, bond trading, mutual funds, real estate and regular business, it is evident that forex day trading is the fastest and greatest way to make money in the world.

Forex day trading is a 2.5 trillion dollars daily business and it is larger than all the stock trading in the world combined.

These are some of the reasons why I believe that forex trading is the fastest and best way to create fantastic wealth.

Perhaps from reading this article you'll now come to know why forex day trading is the secret behind the greatest wealth on earth and why it has been kept hidden from the average people of the world and therefore little known to the masses.

May these forex day trading insights open your eyes to the possibility of infinite wealth and success that can be yours from forex day trading.

Please feel free to print or publish this article anywhere and read and also send to your friends and well wishers and please preserve the author's resource box below.

Warmly,

Ikey Benney

Nnamz:
Are you a criminal?

Toks2008:


Lol! Don't mind the guy...i was only quoting an article...i did not write that.