CareersNG

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CareersNG! Its all about Knowledge Sharing...Keep developing!

Well, it is quite an easy thing which has to do with demand and supply.

If u have/know someone who wants to do a transfer abroad or who wants cash in foreign currency, I will give u the supply end.

There is always a commission made on every deal u close depending on the volume of forex involved.

So bros, we can close a deal if u have the demand for forex!!!!

Think am if u really wan be millionaire this year !

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Life is what u make of it, enjoy it while it lasts!

I was reliably informed that Forex trading is capital intensive.
However wherever there is a will there is always a way.

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If what you did yesterday still looks big to you, you haven't done much today .
......Mike Bertola.

No it isn't capital intensive (they use leverage most times) and it is hot! Many forex trading are competing so their spread (i.e. diff btw buy/sell rate) is getting smaller. Most don't charge any commission (just the spread finish).

I'm still learning but the best info I have learnt so far is the leverage: e.g. Some companies give you a leverage of 1:200 for example. This means that you 1 to make profit in 200. Or in simple english, you only need to put in $1 to make investments like you had $200. That way, if u put down $1, they allow you to trade with it and the $200 becomes $202, then u've gained ur $1 (which is 100% profit). Note that It isn't multiplication. It is similar to promising a wholesaler that you'll buy a product at a particular price, say $200 and make him commit with a deposit of $1 and u know find a buyer to pay 202, then u're only investment was the commitment price of $1 qnd thus ur profit is 100%. Problem with leverage is that you can lose and end up in debt unlike if u traded with d full amount which even in the event of losses will still have a value.

Another good thing which will appeal to you is the algorithmic trading. Thank God for internet and computer programs, you can write codes that will stop any type of loss, but in the case of forex trading, the companies themselves provide you with the software. In fact, most ppl trade with one kind of code or the other (either to minimize risk of loss or maximize profit or both)

Yet another advantage is its vastness (Very large market:). Cannot easily be manipulated (just like our brother/sister said). This means it will almost always obey Demand and supply.

Lastly, George Soros made $1Billion in 1 Day through forex trading and he's d richest person in the financial sector that I know. The rest in stocks, bonds etc no reach am.

Chk https://spec.xe.com/index
http://www.forex.com/ and many more

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Forex trading is the best & most safe way to make a standard living or better future. One can't mention the goodness of it through words.







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Great business idea.

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If you are serious about trading successfully, you need to be keeping a forex trading journal. Your trading will see drastic improvements pretty quickly when you start keeping a journal because keeping a trade journal sends signals to your entire being saying that you are serious with whatever you're doing. The whole point of having a forex trading journal is to improve your trading and to have a good reference of your trades so that a broker can't take any of your hard earned money.

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Forex trading holds significant differences to stocks trading. Understanding these differences will aid a trader in deciding the right market to enter. Forex trading itself has several advantages over stocks trading and is ideal for the beginner and individual small investors.


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It is very good and high profitable kind of trading which can help us to earn a more money in some situations.There are many changes which comes in the market anytime and such kind of trading help to earn more.

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As with any industry program, the Forex trading statements to have its methods. But, these are not really methods as if they were nobody would know about them and there really wouldn't be a whole lot of factor to them.

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According to me forex is when you buy and sell foreign exchange on forex to generate income. Defined as the forex amount, this simply represents the amount at which one forex can be exchanged with another.

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