Is currency trading “good”?
Question by : Is currency trading “good” ?
Is financial speculation, specifically currency trading, in any way beneficial to world economies? Does it “create” wealth like capital investing and lending tries to, or does it just transfer wealth from one speculators hands to another? Does it have any other possible benefit? Best answer:
Answer by
mrzwink
yes it is, financial speculation leads to price stability.
know better? Leave your own answer in the comments!
Categories: Currency Trading Tags: Currency, Good, trading
Cool “currency Trading” images
Some cool currency trading images:
Currency Trading in Masai Mara
Image by Ryan Harvey
Taken by Pegi Harvey.
My Currency Trading Kitty
Image by The Adventures of Kristin & Adam
At 2:15 AM I woke up because I couldn’t sleep, I thought I heard the subtle noise of keyboarding. As I follow the noise and make my way to the kitchen I noticed the glare of my notebook computer. As I made my way closer, I could make out the outline of what I thought was a cat. Hoping to catch whoever/whatever in the act. I quickly turned the light on and as I did, the cat quickly jumped on top of the keys. At first I thought, "Oh what a cute kitty trying to use a computer." But then I noticed his glaring eyes, and when I attempted to move the mouse away from him, he batted my hand. I said, "Come on kitty, time to get off the computer." He just stared. Getting more ferocious the more I patronized him. "Come on little kitty, time for you to be cuddled and snuggled" He started growling. "Aww…, what is the matter… did the doggie try to hump you again" … Finally he cracked. He started talking (in a James Earl Jones-type voice), "I trade the spot currency markets when you are asleep. As you dream about one day getting a raise or having a better boss, I precisely read market charts. I am quite successful. If I wasn’t for the fact that I am in the form of a cat…" He said. "I would be spending my days either in a private chateau in Southern France or on a private island in the Caribbean. I am waiting for the day that science can turn me into enough of a human-type creature to withdrawal those funds and leave this miserable existence!" Taken back, I said sarcastically, "You do that, I am going back to sleep."
Categories: Currency Trading Tags: Cool, Currency, images, trading
Foreign Currency Trading: the Joy of Getting Rich
Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading
Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading Free Online Articles Directory Top Authors Top Articles FAQ ABAnswers Publish Article 0 & & $. Browser.msie) { var ie_version = parseInt ($ browser.version.) if (ie_version Login Why Submit Articles? Login via Register Hello My Home Sign Out Email
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Home Page > Finance > Currency Trading > Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading Foreign Currency Trading: the Joy of Getting Rich From Foreign Currency or Forex Trading Posted: Apr 04, 2007 | Comments: 1 | Views: 1,024 | ]]>
Foreign currency trading is the most profitable and powerful way to make money in the world today.
A 2.5 trillion dollars it is daily global market and business.
For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousands of years.
This is because it is the jealously guarded “SECRET” of how the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the wealthiest Families of Europe and the Americas make their money and get rich.
They create vast fortunes easily trading foreign currencies.
Thereafter, using this great wealth, they create factories to manufacture consumer goods and products and hire you, Joe Bloke to work in those factories, banks and jobs at minimum wages.
So, it is no wonder why they do not want you to know about the REAL TRUTH and “SECRET” on how to generate great wealth through foreign currency trading.
If you know how to trade foreign currency and generate 0.000 monthly for life, will you be idiotic, naïve and crazy to go to work at these DEAD END jobs to earn minimum wages and be paid nickels and dimes?
So, there has been a persistent organized campaign by the powers that be, the Money Elite to KEEP AWAY AND HIDE these “SECRETS” of creating vast wealth from foreign currency trading.
That is why they are always floating false propaganda and negative campaign not in the mass media that currency trading is risky and you should do it because you’ll lose all your money.
If you go to your bank manager or money management or investment management company sites and tell them that you wish to make money at home from online currency trading, they will scream at you and try to discourage you and frighten you with the false information and half truth that it is risky and that you’ll lose your money.
This is because it is THE SECRET with Which they make money and get rich!
Citibank alone makes billion dollars yearly trading currencies.
Most banks, including your bank trade currencies and it is among the major ways to create income.
It is just that they do not advertise this secret.
George Soros, the King of forex trading makes billions of dollars yearly trading currencies!
It is reported that a few years ago, he nearly caused the government of Thailand to go bankrupt because he made so much money trading their currency!
Yes, foreign currency exchange trading or forex trading can be risky.
It is true you can loose your shirt and go bankrupt.
But this is half of the truth.
The other half of the truth is that if you buy and study a good forex currency trading e-book guide or program and understand how it works, avoid the pitfalls and get to know the secrets of risk management and trade with discipline, you can get fabulously rich so fast it will make your head spin round and put the devil to shame.
This is why there is an organized campaign to discredit online currency trading.
If you get rich so fast, then you’ll not need to depend on the “Money and Power” Elites and their jobs and welfare system where they allow you to keep you nickels and dimes subjugated.
If you get rich too fast, they will no longer be able to manipulate you into voting and keeping them in power to continue milking your life by making you labor and work yourself to death making them rich.
There are so many reasons why most beginners in foreign currency trading fail to earn money and loose all their savings instead.
When they first hear about how easy and fast it is making money from day trading currency, they search the internet and find a forex trading broker.
Then they open a currency trading account and put in a few thousands of dollars in the online currency trading account and immediately begin to try to earn money from online currency trading.
And they get entangled in all the foreign currency trading sophisticated strategies and systems of technical and fundamental “wave Elliot” analysis such as reading “forex charts”, “moving averages”, “Stochastics”, “Bollinger bands,” “Directional Movement Index “,” Trend and Oscillator indicators “,” Fibonacci retracements and others.
They spend all day and night listening to business news on radio, reading newsletters forex, forex articles in magazines and watching business news on TV
These beginners do not take their time to buy a valid online currency trading e-book guide to study and understand the market and the forex currency trading “SECRETS” before they begin trading.
They do not open the free trial demo forex trading account to practice for free to develop viable profitable currency trading skills first before they open a paid forex trading account to begin trading and making real money.
They make the fatal mistake of trying to dumb and fly into the world of foreign currency trading market before they learn how to crawl.
So, they get confused, make grievous errors trading foreign currencies and loose their money.
When they loose their money, they will not accept responsibility because that is the difficult part.
The easy thing to do is to blame their mistakes on online currency trading and to declare and gripe that it is risky and a scam designed to con the unsuspecting public
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This gives them the justification to begin filing false complaints and instigating legal action with the lame excuse that they were naïve and did not know the risk involved and so have been ripped off
The truth is that there are at least one million people around the world who have foreign currency trading skills and do it well to make millions of dollars monthly!
Yes, sometimes they will lose.
But most of the time they are fabulously profitable.
I once read about a taxi cab driver from New York who started trading foreign currencies about 10 yrs ago.
While driving his taxi cab, occasionally during his lunch break, will he log into his account forex trading and enter a few currency trades.
By the end of his driving day shift, he would check his online currency trading account and was always surprised to find that for a few minutes of trading currencies, he had made more money in minutes that day than he made driving a cab for the whole month.
This encouraged him to stop driving the taxi cab and to begin trading currencies full time.
In 10 years, he made billion dollars (, 000 million) trading foreign currencies online and was listed in Forbes Magazine’s 400 richest Americans!
He is just one out of the many average people all over the world who took the time to study online currency trading, understood it and trade it correctly and are making millions of dollars without any hard work.
You too can do the same.
It is simple.
If you can click your mouse once to buy the currency in a few minutes and click your mouse a second time to sell them, you can make money.
It is a no brainer. Even a caveman can do it!
So, foreign currency trading is not difficult to understand or to do like stock or bond or commodity trading.
If you know where to get a good and valid forex trading guide or e-book and be patient to spend 1 hr daily to study it to understand the foreign currency trading market, how to click your mouse to buy and sell the currency, and if You want to be patient to do the free demo trial for a few months before you open a paid forex trading account to begin trading, you can get obscenely rich and insanely so fast, it will make your eyes want to pop out, seeing all the piles of cash you generate just by clicking your mouse twice daily for a few minutes!
One powerful secret that will help you as a beginner is to avoid hiring money managers to trade currencies at the beginning for you.
The reason is that 90% of these money managers who advertise with highly impressive websites and brochures and so on TV infomercials and radios and seminars are fraudulent.
When you hire them to trade for you, they want to over trade your account (churning) so as to generate a lot of trading fees for themselves because they make money for you Whether or not, you must pay them their fees.
The more they trade your account, the more fees they generate for themselves!
Forex currency trading by over your account, they expose it to massive risk Which Will eventually lead you to lose a lot of money.
This is because there are certain days and times Which are profitable to trade and there are some days and times Which are not.
Therefore by over trading (churning) your currency trading account, they get rich at your expense.
Plus, some of them will even use some profits they generated from trading your account to trade for themselves and make themselves rich without you knowing what is going on.
As if that is not bad enough, some will entice you to trade on margin. This means that they will loan you money to trade.
But the trick is that they are loaning you money Which is digitally created from the air and has no value.
All they do is go to your account and enter any amount of money they wish to loan you. (They do not actually put real money into your currency trading account!)
This is not real money because it is just digital artificial numbers.
But if you use this funny fake digital money to trade and lose, then you’ll owe them real money!
You’ll be required to pay them with real money!
And if you fail to pay them, they can freeze your bank accounts, assets and homes to collect the debt.
This is how most of these brokers get rich at the expense of naïve beginners in online foreign currency trading.
So, if you’re a beginner, avoid hiring money managers to trade for you at the beginning. Stay away from managed trading.
Instead learn to trade and after you have made at least 0.000, contact us to give you the list of the best and honest money managers in the world (as well as the best forecasting services) who can trade for you and make you richer.
There is another fraud Which perpetrate some money managers.
After you open a paid online currency trading account and put in thousands of dollars in there for them to trade for you, they use your money to trade for themselves.
Then they use a computer software to generate a fake forex trading account statement for your forex trading account Which Will show that you’ve lost money.
There is no way most people want to find out, because you can not access their trading activities.
And sometimes even when you find a honest and reputable money manager to trade for you, when your account becomes profitable and you request to withdraw some of the money, they will begin to give you a run around, excuses and try to discourage you from withdrawing the money.
If you persist, you’ll suddenly find out that your account will begin to lose money because they have softwares to manipulate it and generate dubious account statements to make seem as if you’ve been losing money!
Above all, most beginners in forex currency trading fail to earn money because they spend too much time in doing complicated forex mathematics, reading charts, listening to business news on radio, TV and reading too many forex newsletters and magazine articles, Which are conflicting, confusing, time consuming and counter productive.
They spend so much time over stuffing themselves with forex trading news and information that they become constipated with information and overwhelmed and so have little or no time to actually click their mouse to buy and sell the currencies and make money.
Most beginners are so unable to find and use a good currency trading system and software.
Some of them are even conned into buying outrageously expensive trading softwares and system for 00 from some companies who advertise on TV infomercials late at nights.
They do not know that they can get the same forex trading system and softwares for free online at the websites of some forex trading companies
These softwares are not for beginners 00 and when we checked them out, we found they are complicated and not easy to use.
Infact, after you manage to master how to use it, they will not help you to make more money!
So, it is not wise Squandering your hard earned 00 to buy them.
If these overpriced worthless forex trading softwares work as they are advertised in the infomercial and seminars, the companies will not be selling them.
Instead they want to keep them secret and use them to make billions of dollars.
If you wake up tomorrow and discover you have a gold mine underneath your house, will you go out and advertise in TV infomercials and radios and seminars to sell your house for 00?
The truth is that most of these forex infomercial advertising companies do not really trade currencies. They are just sales people. Shyster. Tricksters.
They make their money by peddling worthless forex trading softwares for beginners to the naïve 00th
When you check one of these companies out (one of them has the audacity to call their worthless software “Forex Made Easy”), you’ll discover that not the CEO of this company that actually admitted only that he does NOT use his software 00 to trade but he knows nothing about trading currencies!
He only lends his name to his company to use to market their worthless foreign currency trading software.
The company’s pitchman who conducts the seminar is a sales man and he also does not trade currencies because he had committed fraud in the past and was barred from trading commodities.
While the CEO of the company runs seminars and infomercial peddling worthless forex trading software for 00, he does not use it and does not trade currencies.
Instead he hired a money manager who trades the currencies for him!
So, if you’re a beginner who desires to get rich fast from currency trading, you must know these insiders’ “SECRETS” of currency trading market and the pitfalls and how to avoid all the fraudulent companies peddling worthless forex trading e-books, books, software, systems and complicated trading strategies.
There are millions of them.
Beware because they are smooth operators who are very skilled in salesmanship and who can easily dazzle you with their big reflect nonsensical English < - nextpage ->. And so con you
There are billions of dollars to be made in foreign currency trading and you can get abundantly rich trading these currencies online from home or office starting small.
But you must locate and buy a valid foreign currency trading e-book guide.
You must study it and understand it.
You must try the free demo trading account and do well in it before you can open a paid forex trading account to actually begin making real money.
You must begin by trading only one or two currencies at the beginning.
With time as you acquire more skills, you may trade more currencies.
You must learn how to trade with discipline and learn the BEST DAYS AND HRS to trade to be profitable and the other times when YOU MUST NOT TRADE to avoid losing money.
You must know how to “go long” or “short” on a currency, how to enter “market order”, “limit order”, “stop order”, “OCO order” and “Entry Order”.
If you learn how to do online trading currency hedging, it will help you to maximize your profits.
You must be disciplined and avoid emotional currency trading.
When you make a reasonable amount of money for the day, stop trading because you can not be profitable at all times of the day and if you do not stop and take your profit, you may end up losing all the money you made.
Above all do not open a paid currency day trading account and trade until you have done the free trial demo account trading for a few months and mastered it.
At the beginning, keep your trading strategies simple.
Avoid complications and advanced trading strategies of fundamental and technical analysis because these are the reasons why 90% of beginners lose money.
Use a simple trading strategy to get rich at the beginning.
Afterwards you may then take advanced forex trading courses and do technical, fundamental analysis and use forecasting services to make even more profits and get richer, making millions of dollars effortlessly.
If you’re serious in learning all the insiders’ “SECRETS” about how to make millions of dollars trading foreign currencies online, without selling your soul to the devil and without losing your shirt, you must get our powerful currency trading e-book Which reveals a very simple and yet powerful and profitable trading strategy Which is guaranteed to make you 0.000 monthly for life from home or office.
You can learn to get rich from the jealously guarded foreign currency trading “SECRETS” of the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers “of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the wealthiest Families of Europe and the Americas.
With the millions of dollars from Which You make foreign currency trading, yacht you’ll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft, luxury dream cars, pick your choice: Lexus X470,, 000 Jaguar 2007 S type, Silver Porsche Carrera, 0.000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, 0.000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa
You can make all your dreams to come true in life, without any hard work!
May these insights into foreign currency online investing, foreign currency trading program, investing online, forex trading, day trading, online trading e-book, day trading online day trading system, day trading course, day trading future, forex day trading, day trading book, day trading firm, day trading training, currency day trading, online future trading, online currency trading, online forex trading, online commodity trading, online currency trading system, currency forex online trading, online trading course, online trading education, trading , online trading investing, forex, forex trading, forex broker, forex market, forex trading system, forex news, forex trader, forex signal, forex trading, online forex, trade forex, forex quote, forex education help you make millions of dollars and to Achieve Your Life’s ambitions and dreams.
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]]> Questions and Answers Ask our experts your currency trading related questions here … Ask 200 Characters left feedback Print Re-Publish href =”/article-tags/foreign-currency-exchange-trading”onmouseover =” return addthis_open (this,”location.href, document.title ) “onmouseout =” addthis_close () “onclick =” return addthis_sendto (); _gaq.push (['_trackEvent', 'Articles',' Send2Friend ',' AddThis']);”> 0) { ch_selected = Math.floor (Math.random () * ch_queries.length); if (ch_selected == ch_queries.length) ch_selected -; ch_query ch_queries = [ch_selected]; } } Catch (e) { ch_query = document.title; } ]]> Source: foreign currency trading , forex trading currency trading , What is the best approach to use in forex signal forex trading? Is this driven by a fundamental aspect of trading? Hi Can you tell me what parameters do you use for trading Forex currency pairs? How can we register Forex trading company in india.? Govt Is there any law for Online Forex Trading Business in Indian. Rate this Article 1 2 3 4 5 vote (s) 3 vote (s) online currency trading currency day trading , foreign currency exchange trading forex currency trading , currency trading currency trading system , foreign currency trading software Related Videos Related Articles Latest Currency Trading Articles More from Ikey Benney Day Trading: Analyzing Risk vs.. Reward
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