Do you have an inner millionaire? Author, motivational speaker and former business professor Michael LeBoeuf thinks you do. He maintains in his book, “The Millionaire in You: Ten Things You Need to Do Now to Have Money and Time to Enjoy It“, that there’s a millionaire in all of us waiting to be unleashed just [...]
Sunday, October 21, 2007
Bet you can’t wait to become a millionaire so you can start collecting rare and exotic vehicles just so you can purchase an elegant condo for your babies from Luxury On Main in orange county? Just imagine the prestige. Your fine automobiles housed at the West Coast’s most luxurious private facility, parked in a custom designed [...]
Saturday, October 20, 2007
Do you get inspired or jealous when you read about other people achieving success while you continue to struggle, even when you read that they were at one point where you are now? If you get jealous you should realize your jealousy is self-defeating. Get motivated. Tell yourself if they can do it you can [...]
Friday, October 12, 2007
I’ve just read the funniest thing. Some fool is trying to sucker people out of $79, promising that he has access to a secret that they can use to make thousands or even millions of dollars daily. Let’s hope no one was desperate enough to fall for his empty promises to teach them: 1) How Major [...]
Monday, October 8, 2007
Who doesn’t want to have all the money they need and then some left over for a few frivolous enjoyments. Money empowers; so by all means keep after your goal to get rich; but don’t obsess about it to the point where you’re depressed all the time because you’re not getting your hands on the [...]
Monday, October 8, 2007
The word obsession is rooted in negativity. Seldom do obsessions bring about positive experiences. Passion is different from obsession. Passion usually stirs you to positive action. Obsessions generally lead you into darkness. Take a break from obsessing about your money situation today. Get up from your computer. Go for a walk. Go out to a [...]
Monday, October 8, 2007
Can you imagine a pile of money that is 125 feet wide, 200 feet deep, and 450 feet tall? According to a crunchweb.net web page feature on the cost of the war in Iraq: 450 feet is the height of a 38-story building. It’s the hieght of the Millenium Wheel in London. It is also the height [...]
Monday, October 8, 2007
Here are some stories about ordinary people making that first million to get inspired to start after your first million or encourage you to keep after the goals you’re already chasing. Firefighter sees a need and fills it Singer gets ‘run over by a reindeer’ Couple rides the real-estate wave Student athlete takes a sporting risk Struggling actor waits [...]
Monday, October 8, 2007
An interesting read by Marshall Brain. Check it out
FXCM Trading Station II is probably one of the best forex trading platforms out there for novice traders. It’s fairly easy to use. In fact it’s such a nice system even Deutsche Bank uses it with their DBFX trading station. But in the case of FXCM don’t expect the trading station to behave exactly the same in live mode as in demo mode. There is definitely a difference even though you can’t see the difference structually. Even FXCM admitted the live mode and demo mode aren’t exactly the same. They look the same but your trading experience while in demo mode will be a lot more profitable than while in live mode. That should make you wonder. They say it’s the slippage and volatility but in demo mode you’re almost always profiting. In live mode almost always losing….
The truth is you probably won’t get rich trading forex. Successful forex traders understand the foreign exchange market and currency trading on a level that is not understood by the average retail forex trader. If you don’t actually understand the fundamentals or even the technicals for that matter you’re going to find it’s a lot more difficult to make a profit from your fx trading account; but even though it will be difficult it’s not impossible. You probably won’t join the forex millionaires club, but you can still make decent money.
Oanda boasts about their tight spreads and they definitely have reason to boast where the EURUSD is concerned. They probably have the tightest EURUSD spread out there. Hard to imagine there could be a broker with a tighter EURUSD spread.
Here is a video that aims to demonstrate how you can make money trading currencies using Fibonacci Retracements and Fibonacci Profit Targets.
This video demonstrates a method for making money in the foreign exchange market using pivot points. Pivot points are turning points.
In the forex market the term would apply to the the points throughout the previous trading day at which traders and investors leaned towards a bull market or a bear market in general sentiment.
Ken Calhoun with forexonfire.com talks about how you can learn the technical signals to use and how to spot pivots, break outs, break downs using currency pairs when reading your charts, and how to setup your charts for currency trading.
He talks about currency pair volatility, learning how to spot patterns, pivot points, learning when to exit and not initiate another trade.
Here is an educational video of sorts put out by the guys gftforex.com. The video aims to teach you how to spot forex options scams centered around advisory services and newsletters ect. It is very detailed and straightforward.
The video suggests that your scam siren should definitely start going off if anyone comes trying to sell you on forex options trading by promising they have a system that is:
Easy
Low Risk
Based on secret trading methods used by the pros which the pros don’t want you to know
Available to you even if you don’t have lots of money thanks to leverage.
A look at forex trading. This video attempts to take the mystery out of foreign exchange by breaking it down into it’s “principal parts and players”.
The video explains how foreign currency is brought to other countries and how this creates the practice of currency trading. The video addresses the role central banks of countries, commercial banks, financial companies and brokerage houses, and private individuals play in the foreign exchange markets.
Monday, October 22, 2007
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