An interesting discussion I stumbled across about money, millionaires and whether or not money changes people. I’m inclined to agree with the people who make the point that money by itself might not change people, but the opportunities that having money provides can certainly change a person’s circumstances; and people adapt to their circumstances. If [...]
Tuesday, June 17, 2008
Looking to expand your investing knowledge? Specifically looking to learn about stock investing? Here are some books that readers like you are recommending highly for learning the basic concepts in investing and finance. Investing is about putting your money into something and watching your money grow. Smart investing can result in millions of dollars earned [...]
Monday, June 9, 2008
Warren Buffet, Carlos Slim Helu, Bill Gates, Ingvar Kamprad, Lakshmi Mittal - these are five of the richest men in the world. They each are worth billions of dollars. What accounts for their wealth? Were they born with a wealth gene? Were they blessed by the gods? What’s the difference between them and us, minus [...]
Monday, June 9, 2008
Hmm, call me a skeptic mister Marc Millz. Yes, I want financial independence but I don’t think I’ll get it out of your free internet business in a box simply because your site is too red. Nothing more. Nothing less; but enjoy the life. I’m sure it’s swell. Marc Mills, founder of the the Go BIG [...]
Friday, May 30, 2008
I don’t know anything about real estate investing so if you’re looking for information about real estate investing and how to become a millionaire by investing in real estate, you might try some of these resources MSN MOney Real estate investing - they aim to teach you how to capitalize on great opportunities in real estate Realestateinvesting.com [...]
Sunday, May 4, 2008
My bank account balance is in the deficit. I’ve had to use the $71.12 I’ve earned towards my millions. So technically I’m at zero. I’ll adjust the numbers tomorrow. There’s probably no connection but for the last several days I haven’t been focusing on my quest. I’ve been busy working but I haven’t been thinking [...]
Thursday, April 24, 2008
Last week I decided on what I wanted to do to make my millions, but I realized I wouldn’t be able to do it without some upfront capital to the tune of $150,000. And it’s hard enough for me to raise $50. I’m not going to delude myself at this point into thinking I can [...]
Tuesday, April 22, 2008
I have come to a decision and I have made a declaration that within the next 500 days I will go from being dirt poor to being a millionaire. I admit I have no idea “how” I’m going to do this at the present moment; but I believe it can be done, or more to [...]
Monday, April 21, 2008
It’s true. There’s more to life than money. Millionaires know this; but then, they’re millionaires. It’s easier to be objective and philosophical when you don’t have to worry how your bills are going to get paid. You can enjoy your life because you have the money to afford the freedom to do so. If you want [...]
Monday, April 21, 2008
Ok, so this is the same as saying millionaires are smart; but it’s more to the point to state that millionaires are not stupid, particularly about money and how to make money. Millionaires know money. They know how to make money. If you don’t know money and you don’t know how to make money you [...]
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.
Tuesday, July 8, 2008
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