Why Don't You Do It If The Banks Do? Author: Gordon McAlpine

 Why Don't You Do It If The Banks Do? Author: Gordon McAlpine

Every big bank in the world, including central and government institutions, makes a "shed" load of money from the foreign exchange market (FOREX).
Bank of America made more than $750 million in 2004.

Large financial organizations were the only ones allowed to access this kind of income until deregulation in 1997, but now anyone can create an account and trade FOREX for as little as $300.
Despite being the largest market in the world (trillions of dollars are traded every day), trading currencies is comparatively unfamiliar. It is the best trending market since it remains in the same direction for more than 78% of the time (it can move either way). Because FOREX is a global market with no central exchange, it can be traded around-the-clock, so it shouldn't interfere with your social life or other commercial pursuits.
A large number of traders who formerly traded equities, bonds, commodities, and futures have shifted to only trading foreign exchange (Forex) due to its high profitability and straightforwardness. Even the well-known traders Warren Buffet and Bill Gates now include currency trading into their entire business plans. Since it's true that you have to follow successful and affluent individuals in order to become wealthy or successful, shouldn't we follow them if that's what they're doing?
This market can be made to be as exciting or boring as you want; all you have to do is turn a knob to experience the adrenaline rush of making a trade and then sitting back, or the more calm approach of making your trade and then leaving the market—a practice known as SCALPING, but let's not play cowboys and Indians here. DAY and SWING Trading are located somewhere in the middle. Which trade strategy you choose is totally up to you; if you want to go all in, DO THEM ALL.
A word of caution: trading currencies is something you can try out on this market, but it might not be suited for you. Yes, you can do everything you can do with a genuine account when you open a demo or virtual account. The best part is that it won't cost you a single penny.
Just like anything else in life, such as learning to walk, ride a bike, crawl, swim, drive, and so on, you have to be safe. Increase your understanding, learn, and practice, practice, practice.
Lastly, nothing can stop you from becoming EXCEPTIONALLY WEALTHY through foreign currency trading if you know what you're doing and have sound money management techniques.
When I initially started trading stocks, it was a difficult and time-consuming activity because there were so many variables to take into consideration and so much to learn about each specific share and its company. The exchange of currencies was quite simple.
You can enroll in a FREE trading course by visiting my website, http://www.HomeForexTrading.com, where I trade the FOREX market full-time.
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