How about a business of few trillion dollars, that runs 24 x 5 x 365 ??? You guessed it right....that's forex trading. Talking about Forex, I always remember my childhood days when I had this hobby of collecting coins and bills of different currencies. Being from a modest background, it seemed like a national treasure to me those days. (I had a variety of about 15 countries) Well, coming back to business, Forex trading has become a hot keyword these days. I too, got attracted to it few months back. Few dives in the market and I noticed that this thing has an amazing potential in it. The biggest advantage or feature of Forex trading I would say is the simplest form of the whole cycle. Now, imagine any other system of earning money over internet.... in steps as mentioned below - 1. You either need a website or a blog as a minimum (except for paid surveys and PTCs, but surveys are often infrequent and PTCs pay you very very less) 2. Further to that you need Adsense to bring some cash earning potential to your site. 3. If you hate adsense, or adsense hates you (my case!!!) then you have to find a good alternative, which itself is a task. 4. Then you have to bring in some genuine content in your website. Try to copy something from somewhere and you get caught in no time. 5. After you bring in content, advertisement will start appearing on your website. 6. Now you have to go for searching the traffic. 7. So, you try to put in hot keywords, meta keywords, meta tags,SEO schemes etc only to realize that you are getting ignored by Google and its competitor search engines. 8. In best case, you are not ignored but your site lands on page no 67 in the search results. 9. Assuming that you have a constant stroke of luck, you land up on page 1 or 2 in Google search results for some days. 10. ....and visitors start coming to your site. (WOW!!!) 11. Now, you are left at their mercy whether they will click the advertisement or not. 12. If they do it few thousand times, you get paid something you can at most mention about. Forget bragging about it.... Seems so lengthy and tiresome....now look at the Forex trading cycle 1. You become a member to some forex trading house (say broker). You get all trading software, an account to trade and lots of goodies. 2. You study the market 3. You decide how much to put in. 4. You take the decision to trade 5. YOU earn the money. (provided you have studied well) So simple. Everything is in your control. And to make it even simple, a few good men have taken herculean efforts to automate the trading part of this. Obviously, the decision still is with you and you own the control, but lot of repetitive tasks get automated which eliminates the FATIGUE part from trading. Lets see few of these automations one by one to get a clearer picture. I know there are lots of them, but I will put only a selected few here. |