Wealth System Solutions published this article on www.ehow.com
This gives you a simple step-by-step instruction on how to earn
a net monthly average of 8.44% on your money using an easy
automated system.
Please visit and rate us!
http://www.ehow.com/how_2080043_earn-money-like-bank.html
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Key Bank offered me 2.9% if I deposited $50,000 in their bank. See why I am laughing all of the way to the bank with my net monthly average of 8.44% using automated trading here:
http://www.forexmoneyonline.com/automatedforexsystemtrading
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Saturday, August 25, 2007
Automated Forex Trading: Anouncing Wealth System Solutions
The forex market, or foreign currency exchange market, is the largest market in the world, trading over 2 trillion dollars daily. 95% of first-time traders in this market lose their accounts. Now, with an automated system, Wealth System Solutions is helping others achieve a net monthly average of 8.44% monthly on their forex accounts. The new wealth system can be found at http://www.wealthsystemsolutions.com
Wealth System Solutions is announcing a product that will save forex traders thousands. Wealth System Solutions researches the forex market and tests systems for profitability. The best solution the company has discovered is an automated, set-and-forget system which produces a net monthly average of 8.44% or 211 pips for the forex trader.
Up until the last decade, only the very rich could trade the forex. Now, an account can be opened for as little as $250. Wealth System Solutions suggests opening one of two types of accounts with more money so a trader does not lose their money as the market achieves peaks and valleys.
A forex mini account, where a trader basically can earn one U.S. dollar per pip, or price interest point, should be opened with a minimum of $2,500. A regular forex account, where a pip is worth ten U.S. dollars per pip should be opened with a minimum of $25,000.
The forex industry typically charges thousands of dollars for seminars, charts, signals (trades), and software. Wealth System Solutions research has discovered that this does not have to be the case. A forex trader can purchase an inexpensive, easily downloadable e-book for less than $100 which also provides a month of free daily signals or trades. Moreover, the forex trader can receive a guarantee that if the signals do not work in that month, the trader can get a complete refund. Wealth System Solutions has discovered a forex broker that will automatically trade these signals foryou.
Wealth System Solutions also shows you how to save money on your purchase of the e-book and after the first month of trading, signals can be purchased for as little as $89 per month. This is unheard of in the forex industry with companies typically charging hundreds of dollars per month for signals that are not profitable. In addition, Wealth System Solutions offers a 3 day, 2 night vacation stay at over 20 United States and Mexico locations for the inexpensive purchase of the e-book.
Wealth System Solutions also teaches you about the exponential power of the forex. The forex market can be traded in lots. For example, one can begin trading a forex mini account with $2,500 at one lot. When the trader reaches another $2,500, or a total of $5,000, the trader can add a lot a trade at 2 lots, thus doubling what they earn. The Wealth System Solutions system earns an average of 211 pips per month. So, at 1 lot, the forex trader would earn roughly $200 on their money monthly. At 2 lots, the trader would earn $400, 3 lots $600, and so on. Recall that at each $25,000 interval in a regular account, the forex trader would earn $2,000, $4,000, and $6,000 per month when the account grows every $25,000, adding a lot each time.
The forex trader can even begin with a demo account and practice before they invest their money. Wealth System Solutions maintains a demo account for the purpose of displaying the success of the system. As of this writing, the Wealth System Solutions account was given $100,000 in practice money at the beginning of the month. Trading at one lot per $25,000, or 4 lots on this $100,000 demo account, Wealth System Solutions has realized a profit of $10,058 after only 8 trading days in the month.
It is advised that the beginning forex trader begin with some of the more inexpensive online resources in order to ensure their success trading the forex market. Wealth System Solutions has researched this market and has arrived at an inexpensive, profitable system any trader can easily use. Visit us at: http://www.wealthsystemsolutions.com
Wealth System Solutions is announcing a product that will save forex traders thousands. Wealth System Solutions researches the forex market and tests systems for profitability. The best solution the company has discovered is an automated, set-and-forget system which produces a net monthly average of 8.44% or 211 pips for the forex trader.
Up until the last decade, only the very rich could trade the forex. Now, an account can be opened for as little as $250. Wealth System Solutions suggests opening one of two types of accounts with more money so a trader does not lose their money as the market achieves peaks and valleys.
A forex mini account, where a trader basically can earn one U.S. dollar per pip, or price interest point, should be opened with a minimum of $2,500. A regular forex account, where a pip is worth ten U.S. dollars per pip should be opened with a minimum of $25,000.
The forex industry typically charges thousands of dollars for seminars, charts, signals (trades), and software. Wealth System Solutions research has discovered that this does not have to be the case. A forex trader can purchase an inexpensive, easily downloadable e-book for less than $100 which also provides a month of free daily signals or trades. Moreover, the forex trader can receive a guarantee that if the signals do not work in that month, the trader can get a complete refund. Wealth System Solutions has discovered a forex broker that will automatically trade these signals foryou.
Wealth System Solutions also shows you how to save money on your purchase of the e-book and after the first month of trading, signals can be purchased for as little as $89 per month. This is unheard of in the forex industry with companies typically charging hundreds of dollars per month for signals that are not profitable. In addition, Wealth System Solutions offers a 3 day, 2 night vacation stay at over 20 United States and Mexico locations for the inexpensive purchase of the e-book.
Wealth System Solutions also teaches you about the exponential power of the forex. The forex market can be traded in lots. For example, one can begin trading a forex mini account with $2,500 at one lot. When the trader reaches another $2,500, or a total of $5,000, the trader can add a lot a trade at 2 lots, thus doubling what they earn. The Wealth System Solutions system earns an average of 211 pips per month. So, at 1 lot, the forex trader would earn roughly $200 on their money monthly. At 2 lots, the trader would earn $400, 3 lots $600, and so on. Recall that at each $25,000 interval in a regular account, the forex trader would earn $2,000, $4,000, and $6,000 per month when the account grows every $25,000, adding a lot each time.
The forex trader can even begin with a demo account and practice before they invest their money. Wealth System Solutions maintains a demo account for the purpose of displaying the success of the system. As of this writing, the Wealth System Solutions account was given $100,000 in practice money at the beginning of the month. Trading at one lot per $25,000, or 4 lots on this $100,000 demo account, Wealth System Solutions has realized a profit of $10,058 after only 8 trading days in the month.
It is advised that the beginning forex trader begin with some of the more inexpensive online resources in order to ensure their success trading the forex market. Wealth System Solutions has researched this market and has arrived at an inexpensive, profitable system any trader can easily use. Visit us at: http://www.wealthsystemsolutions.com
FREE Vacation PLUS Make a Net Monthly Average of 8.44% on Your Money?
That’s right! Not only can you make a net monthly average of 8.44% on your money using our automated forex trading system, but you can get a 3 day, 2 night vacation for FREE!
http://www.forexmoneyonline.com/e-books
Your bank makes an incredible amount of money trading the forex, or foreign currency exchange market. This is the world’s largest market trading over 1.9 trillion dollars per day.
Forex Money Online offers inexpensive e-books teaching you how to trade. The easiest way, is to buy our number one recommended book, the G7 Forex Trading System because they offer you a month of free daily trades. Plus we teach you how to automate it.
With any e-book purchase, just send your receipt to my e-mail address (posted on the site) and you will receive a free 3 day, 2 night vacation stay at any of these popular U.S. and Mexidco destinations:
Anaheim, California
Atlantic City, New Jersey
Biloxi, Mississippi
Branson, Missouri
Cancun, Mexico
Daytona Beach, Florida
Gatlinburg, Tennessee
Lake Tahoe, Nevada
Las Vegas, Nevada
Laughlin, Nevada
Mazatlan, Mexico
Niagara Falls Area
Myrtle Beach, South Carolina
New Orleans, Louisiana
Orlando, Florida
Palm Springs, California
Puerta Vallarta, Mexico
Reno, Nevada
San Antonio, Texas
Go to http://www.forexmoneyonline.com/e-books now and make money like your bank and to get your FREE vacation!
http://www.forexmoneyonline.com/e-books
Your bank makes an incredible amount of money trading the forex, or foreign currency exchange market. This is the world’s largest market trading over 1.9 trillion dollars per day.
Forex Money Online offers inexpensive e-books teaching you how to trade. The easiest way, is to buy our number one recommended book, the G7 Forex Trading System because they offer you a month of free daily trades. Plus we teach you how to automate it.
With any e-book purchase, just send your receipt to my e-mail address (posted on the site) and you will receive a free 3 day, 2 night vacation stay at any of these popular U.S. and Mexidco destinations:
Anaheim, California
Atlantic City, New Jersey
Biloxi, Mississippi
Branson, Missouri
Cancun, Mexico
Daytona Beach, Florida
Gatlinburg, Tennessee
Lake Tahoe, Nevada
Las Vegas, Nevada
Laughlin, Nevada
Mazatlan, Mexico
Niagara Falls Area
Myrtle Beach, South Carolina
New Orleans, Louisiana
Orlando, Florida
Palm Springs, California
Puerta Vallarta, Mexico
Reno, Nevada
San Antonio, Texas
Go to http://www.forexmoneyonline.com/e-books now and make money like your bank and to get your FREE vacation!
Testimonial of G7 Forex Trading Course
Howdy Bri -
I am really impressed with the G7 program that you introduced me to last week. This is something I have been looking for since August, 2004,nearly three years! On my very first journey into G7 last night I pulled the trigger to check it out and went to bed . I was amazed this morning to find that I had made 45 pips during the night. Wow. I believe G7 is everything you say it is.
Since we went to that “seminar” in Las Vegas three years ago and spent $5500 for a dud, I have been searching almost daily for something that would be simple enough, yet powerful enough, to make me a good trader. I have spent three years and over $10,000 trying to find a program to my liking, without the high prices and the “guru talk” I’ve been listening to all this time.
And now you come up with a $99 course that beats everything that I have seen. I’ve tried a ton of them since old $5500, and you finally found it for me. Thanks - I’m on my way.
- - - - - -
I would like to add a note to this blog, and I am writing it to your readers!
One of the biggest reasons I jumped into G7 without a thorough research on my part was because I got “the word” from Brian Sater. I first met Bri three years ago and we had lunch together during a seminar in Las Vegas. I was so inexperienced I had trouble even turning on a computer. Bri was very willing to take me under his wing and explain things to me as we went along and I have relied on him since that day in August, 2004.
The two things that I admire about Bri and incidentally the two things that are most important to me in life is HONESTY AND INTEGRITY. Bri is dripping with both. I have the confidence in him to the point that if I got a “recommendation” about a trade from Bri, I would jump into it without even taking time to look at my charts. I know that everything he says comes from the heart and I know that he knows what he is talking about.
Bri also “reins” me in when I get carried away with my gunslinger mentality. He has taught me some things that I really lacked - discipline and patience. Bri's newsletter is right to the point and I appreciate that. I’m tired of all the frills and fluff that you have to go through to get to the meat of almost all “hype” letters about programs. Bri comes right to the point and tells it like it really is, and you can take that to the bank.
Some of the top programs in the country - money wise - $5500, $3000, $1995, $1300, etc, etc, are not one iota better than the program that Bri recommends - G7 for $99 to get in. You get e-mail trade recommendations at least three times a week, and these trades are formulated by an expert - as expert as the high priced dudes!
I would ask every reader of Bri’s newsletter to take his recommendation and also to tell friends about it. Join up with Bri, then join up with G7 - he will give you full details in his newsletter. In my opinion, that is the road map to the top - where we all want to be. Why in the world would anyone pay thousands of dollars for a program that is no better, maybe not even as good??? I did exactly that and it has cost me a ton, not even considering the three years I spent searching.
Try Bri, and I’ll see you at the top.
Ron Warner
rwarner555@comcast.net
—————————————————————————————————–----------------------------
The G7 Forex Trading Course can be found on the recommended forex e-book page at
http://www.forexmoneyonline.com/e-books Click on the G7 link and we will save you $10!
Discover how you can get a FREE vacation with every e-book purchased at
Forex Money Online.
——————————————————————————--------------------------------------------
I am really impressed with the G7 program that you introduced me to last week. This is something I have been looking for since August, 2004,nearly three years! On my very first journey into G7 last night I pulled the trigger to check it out and went to bed . I was amazed this morning to find that I had made 45 pips during the night. Wow. I believe G7 is everything you say it is.
Since we went to that “seminar” in Las Vegas three years ago and spent $5500 for a dud, I have been searching almost daily for something that would be simple enough, yet powerful enough, to make me a good trader. I have spent three years and over $10,000 trying to find a program to my liking, without the high prices and the “guru talk” I’ve been listening to all this time.
And now you come up with a $99 course that beats everything that I have seen. I’ve tried a ton of them since old $5500, and you finally found it for me. Thanks - I’m on my way.
- - - - - -
I would like to add a note to this blog, and I am writing it to your readers!
One of the biggest reasons I jumped into G7 without a thorough research on my part was because I got “the word” from Brian Sater. I first met Bri three years ago and we had lunch together during a seminar in Las Vegas. I was so inexperienced I had trouble even turning on a computer. Bri was very willing to take me under his wing and explain things to me as we went along and I have relied on him since that day in August, 2004.
The two things that I admire about Bri and incidentally the two things that are most important to me in life is HONESTY AND INTEGRITY. Bri is dripping with both. I have the confidence in him to the point that if I got a “recommendation” about a trade from Bri, I would jump into it without even taking time to look at my charts. I know that everything he says comes from the heart and I know that he knows what he is talking about.
Bri also “reins” me in when I get carried away with my gunslinger mentality. He has taught me some things that I really lacked - discipline and patience. Bri's newsletter is right to the point and I appreciate that. I’m tired of all the frills and fluff that you have to go through to get to the meat of almost all “hype” letters about programs. Bri comes right to the point and tells it like it really is, and you can take that to the bank.
Some of the top programs in the country - money wise - $5500, $3000, $1995, $1300, etc, etc, are not one iota better than the program that Bri recommends - G7 for $99 to get in. You get e-mail trade recommendations at least three times a week, and these trades are formulated by an expert - as expert as the high priced dudes!
I would ask every reader of Bri’s newsletter to take his recommendation and also to tell friends about it. Join up with Bri, then join up with G7 - he will give you full details in his newsletter. In my opinion, that is the road map to the top - where we all want to be. Why in the world would anyone pay thousands of dollars for a program that is no better, maybe not even as good??? I did exactly that and it has cost me a ton, not even considering the three years I spent searching.
Try Bri, and I’ll see you at the top.
Ron Warner
rwarner555@comcast.net
—————————————————————————————————–----------------------------
The G7 Forex Trading Course can be found on the recommended forex e-book page at
http://www.forexmoneyonline.com/e-books Click on the G7 link and we will save you $10!
Discover how you can get a FREE vacation with every e-book purchased at
Forex Money Online.
——————————————————————————--------------------------------------------
Top Forex Trading Course
The foreign currency trading market, or forex, is the largest market in theworld. Many forex traders believe that they must have the top forex trading course in order to make money in the forex. There is a huge industry that has developed in order to “teach” people how to trade the forex.
Just because there is a forex course available does not mean that this forex course will teach you how to trade the forex profitably. Unfortunately, people are paying thousands of dollars for forex seminars, forex courses, and hundredsfor forex signals each month and not learning how to profit in the forex market.
The agency that is the guardian of the forex market, the CFTC, requires thatanyone who produces a product on trading the forex, place a disclaimer that the forex is risky and promises of profits are unsubstantiated.
Over 95% of first-time forex traders lose their account because they are not ready to trade the forex. The good news is that you can open up a free forext rading account and practice before you invest your money.
It is recommended that the forex trader start with an inexpensive forex e-book and test out the trading methods from the book in their practice demo accountbefore trying the trading method in a live forex account.
Another way to test the particular forex method recommended is to backtest it.You can kill two birds with one stone by going here to sign up for a free demo account and get access to a good set of free forex charts: http://www.cbfx.com/charts/chartsDemo.htm
Another way to trade the forex is to receive forex trades by e-mail. Signal companies can charge hundreds monthly for these, but there are free forexs ignals that can make you money. Again, trade these signals in your demo account before you invest your money.
Will you make money every month? This is one of the biggest misconceptions about the forex market that people make. Making money in the forex is notlinear. A top forex trading course will make money for you almost every month and in the long run, will give you profits. Many forex traders jump from system to system because they lose money one month only to find that the next forex trading system makes them money, but not every month. The exponential power ofthe forex will make you money like no other investment. The more money you earn,the more money you will make.
When you are ready to begin trading forex in a live account, many forex brokerswill tell you that you can begin in a mini account for only $250. While it is true that you can open a forex account with that amount of money, it really does not give you the leverage to see your trade move up and down and giveyou profit. I recommend you start trading in a forex mini account with at least a thousand dollars. If you wish to open a regular forex account, it is suggested that you begin with at least ten thousand dollars to minimize your risk.
In summary, look for a forex e-book that is under a hundred dollars. Trade the forex system in your free forex demo account. Backtest it with your free forex charts moving back in time with the charts to see how the trade holds up. Begin with a mini account and watch your forex account grow from there. Don’t be discouraged and discard your forex trading system because you have one month where you don’t profit. Do rethink your forex trading system if itdoes not give you profits over the long run.
------------------------------------------------------------------------------------------------
Key Bank offered me 2.9% if I opened an account with them for $50,000. See why I am laughing all of the way to the bank with my net monthly average of 8.44% using automated forex trading at http://www.forexmoneyonline.com/automatedforexsystemtrading
------------------------------------------------------------------------------------------------
Just because there is a forex course available does not mean that this forex course will teach you how to trade the forex profitably. Unfortunately, people are paying thousands of dollars for forex seminars, forex courses, and hundredsfor forex signals each month and not learning how to profit in the forex market.
The agency that is the guardian of the forex market, the CFTC, requires thatanyone who produces a product on trading the forex, place a disclaimer that the forex is risky and promises of profits are unsubstantiated.
Over 95% of first-time forex traders lose their account because they are not ready to trade the forex. The good news is that you can open up a free forext rading account and practice before you invest your money.
It is recommended that the forex trader start with an inexpensive forex e-book and test out the trading methods from the book in their practice demo accountbefore trying the trading method in a live forex account.
Another way to test the particular forex method recommended is to backtest it.You can kill two birds with one stone by going here to sign up for a free demo account and get access to a good set of free forex charts: http://www.cbfx.com/charts/chartsDemo.htm
Another way to trade the forex is to receive forex trades by e-mail. Signal companies can charge hundreds monthly for these, but there are free forexs ignals that can make you money. Again, trade these signals in your demo account before you invest your money.
Will you make money every month? This is one of the biggest misconceptions about the forex market that people make. Making money in the forex is notlinear. A top forex trading course will make money for you almost every month and in the long run, will give you profits. Many forex traders jump from system to system because they lose money one month only to find that the next forex trading system makes them money, but not every month. The exponential power ofthe forex will make you money like no other investment. The more money you earn,the more money you will make.
When you are ready to begin trading forex in a live account, many forex brokerswill tell you that you can begin in a mini account for only $250. While it is true that you can open a forex account with that amount of money, it really does not give you the leverage to see your trade move up and down and giveyou profit. I recommend you start trading in a forex mini account with at least a thousand dollars. If you wish to open a regular forex account, it is suggested that you begin with at least ten thousand dollars to minimize your risk.
In summary, look for a forex e-book that is under a hundred dollars. Trade the forex system in your free forex demo account. Backtest it with your free forex charts moving back in time with the charts to see how the trade holds up. Begin with a mini account and watch your forex account grow from there. Don’t be discouraged and discard your forex trading system because you have one month where you don’t profit. Do rethink your forex trading system if itdoes not give you profits over the long run.
------------------------------------------------------------------------------------------------
Key Bank offered me 2.9% if I opened an account with them for $50,000. See why I am laughing all of the way to the bank with my net monthly average of 8.44% using automated forex trading at http://www.forexmoneyonline.com/automatedforexsystemtrading
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Is the Forex Market Regulated?
by Jennifer Perrier of Online Trading Academy
This is a question that many people find confusing. To get to the heart of the matter, we need to differentiate between the market participants and the market itself. We’ll clear the air on this topic, and tackle a few others as well. Let’s get started…
The National Futures Association (NFA) is soliciting opinions from broker/dealers about a proposal to increase the minimum adjusted net capital requirement for Forex brokers to $5 million USD. While I’m a big believer in free markets and capitalism in general, I applaud the NFA for this action. Under current regulations, some Forex Dealer Members (FDMs) are allowed to operate with less than $1,000,000 in net capital. Think about that for a second; do you really want to send your money to a broker who has less capital than you do? It’s time to ‘thin the herd’ so to speak and require some of the marginal players to step up or pack up. Firms are required by law to report their adjusted net capital, and that information is available to the trading public. Here is the most recent list published by the CFTC (Commodities Futures Trading Commission), which reveals the net capital requirement (the amount that the firm must have to stay compliant), the excess net capital (the amount by which the firm exceeds the requirement), and the adjusted net capital (net capital requirement plus excess net capital) for many individual Forex broker/dealers:
http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf
But wait a minute! You may have heard that the Forex market is unregulated. How is it possible that these FDMs must meet capital requirements – and report their outstanding capital on a constant basis - if the Forex market is unregulated?
The statement that Forex is unregulated is misleading, because the individual players in this market certainly are regulated by the CFTC and the NFA. These firms must comply with the reporting requirements as listed above, and meet other guidelines as well. The firms are regulated but the overall market is not. How can this be? To make sense of this, compare the currency markets to the equity markets. The U.S. equities markets are certainly regulated, and fall under the auspices of the U.S. Securities and Exchange Commission. This is perfectly reasonable, since the SEC has the right to regulate stock exchanges that are located within U.S. borders.
But where is the Forex market located? There is no central geographic location for currency trading, and there is no “floor of the exchange”. Currency trading occurs everywhere around the world, twenty-four hours per day. Governments can and do regulate Forex firms that do business within their borders, but the overall market is so vast – with an estimated turnover of about $2 Trillion per day – that it is impossible to record and track every transaction. To attempt to regulate a behemoth like the Forex market would be akin to trying to count the grains of sand on a beach, or measure the amount of water in an ocean. However, the individual companies that do business in Forex are regulated and must comply with regulatory guidelines. As we can see, those guidelines are getting tougher for Forex brokers doing business within the U.S. That’s good news for everyone who is considering Forex as a trading vehicle.
See Wealth System Solutions recommended broker at the bottom of the page under
Hot Forex Links or at http://www.forexmoneyonline.com/e-books
This is a question that many people find confusing. To get to the heart of the matter, we need to differentiate between the market participants and the market itself. We’ll clear the air on this topic, and tackle a few others as well. Let’s get started…
The National Futures Association (NFA) is soliciting opinions from broker/dealers about a proposal to increase the minimum adjusted net capital requirement for Forex brokers to $5 million USD. While I’m a big believer in free markets and capitalism in general, I applaud the NFA for this action. Under current regulations, some Forex Dealer Members (FDMs) are allowed to operate with less than $1,000,000 in net capital. Think about that for a second; do you really want to send your money to a broker who has less capital than you do? It’s time to ‘thin the herd’ so to speak and require some of the marginal players to step up or pack up. Firms are required by law to report their adjusted net capital, and that information is available to the trading public. Here is the most recent list published by the CFTC (Commodities Futures Trading Commission), which reveals the net capital requirement (the amount that the firm must have to stay compliant), the excess net capital (the amount by which the firm exceeds the requirement), and the adjusted net capital (net capital requirement plus excess net capital) for many individual Forex broker/dealers:
http://www.cftc.gov/files/tm/fcm/tmfcmdata0704.pdf
But wait a minute! You may have heard that the Forex market is unregulated. How is it possible that these FDMs must meet capital requirements – and report their outstanding capital on a constant basis - if the Forex market is unregulated?
The statement that Forex is unregulated is misleading, because the individual players in this market certainly are regulated by the CFTC and the NFA. These firms must comply with the reporting requirements as listed above, and meet other guidelines as well. The firms are regulated but the overall market is not. How can this be? To make sense of this, compare the currency markets to the equity markets. The U.S. equities markets are certainly regulated, and fall under the auspices of the U.S. Securities and Exchange Commission. This is perfectly reasonable, since the SEC has the right to regulate stock exchanges that are located within U.S. borders.
But where is the Forex market located? There is no central geographic location for currency trading, and there is no “floor of the exchange”. Currency trading occurs everywhere around the world, twenty-four hours per day. Governments can and do regulate Forex firms that do business within their borders, but the overall market is so vast – with an estimated turnover of about $2 Trillion per day – that it is impossible to record and track every transaction. To attempt to regulate a behemoth like the Forex market would be akin to trying to count the grains of sand on a beach, or measure the amount of water in an ocean. However, the individual companies that do business in Forex are regulated and must comply with regulatory guidelines. As we can see, those guidelines are getting tougher for Forex brokers doing business within the U.S. That’s good news for everyone who is considering Forex as a trading vehicle.
See Wealth System Solutions recommended broker at the bottom of the page under
Hot Forex Links or at http://www.forexmoneyonline.com/e-books
Forex Broker Warning
I just received this from a forex trader and thought you would like this important information.
The last few weeks has seen the NFA foreclosing on a lot of forexdealers who are undercapitalized. The following firms have beenshut down as a result:
1) United Global Markets, LLC Today the CEO just sent an email out to clients saying they were going out of business because they could not meet their capital requirements.
2) Trend Commodities LimitedOn June 19 the NFA shuttered Trend Commodities due to fraud and forfailing to meet their capital requirements.
3) Spot FX Clearing CorpOn June 14 the NFA shuttered SpotFX due to fraud and for failing tomeet their capital requirements.
4) FX Option1 Inc.On June 7 the NFA shuttered FX Option1 due to fraud and for failingto have adequate security deposits for customers.
5) Spencer Financial LLCOn May 17 the NFA shuttered Spencer Financial due to fraud and forfailing to meet their capital requirements.
6) Alpha ForexOn May 14 the NFA shuttered Alpha due to fraud and for failing tomeet their capital requirements.
Do you have money with the following? their current capital - IF SO GET OUT NOW
One World Capital $1,105,000
Open E Cry LLC $1,062,810Velocity4X $1,587,000
Direct Forex LLC $1,523,000
Easy Forex US Ltd $5,011,644 - they are above the 5 mio threshold but only just and with a name like that - get out.
3D Forx LLC $ 2,525,372E FX Optioons LLC $1,709,752
FiniFX $1,464,000
Forex Club $3,304,000Forex International Investments Inc $1,464,620
Forward Forex $1,793,767FXCM LLC $759,689GFS Futures & Forex $3,074,000
Nations Investments $1,699,000
Royal Forex Trading $1,102,000SNC Investments $1,565,000
Tradition Securities $781,869I
Trade FX -$3,039,000 Note these guys are alreadybankrupt — negative capital.!!!!!
Money Garden Corp $3,399,844
To get on the NFA new info list go to: www.nfa.futures.org/news/subscribe.asp.
You can find out which broker I recommend at
http://www.forexmoneyonline.com/e-books
The last few weeks has seen the NFA foreclosing on a lot of forexdealers who are undercapitalized. The following firms have beenshut down as a result:
1) United Global Markets, LLC Today the CEO just sent an email out to clients saying they were going out of business because they could not meet their capital requirements.
2) Trend Commodities LimitedOn June 19 the NFA shuttered Trend Commodities due to fraud and forfailing to meet their capital requirements.
3) Spot FX Clearing CorpOn June 14 the NFA shuttered SpotFX due to fraud and for failing tomeet their capital requirements.
4) FX Option1 Inc.On June 7 the NFA shuttered FX Option1 due to fraud and for failingto have adequate security deposits for customers.
5) Spencer Financial LLCOn May 17 the NFA shuttered Spencer Financial due to fraud and forfailing to meet their capital requirements.
6) Alpha ForexOn May 14 the NFA shuttered Alpha due to fraud and for failing tomeet their capital requirements.
Do you have money with the following? their current capital - IF SO GET OUT NOW
One World Capital $1,105,000
Open E Cry LLC $1,062,810Velocity4X $1,587,000
Direct Forex LLC $1,523,000
Easy Forex US Ltd $5,011,644 - they are above the 5 mio threshold but only just and with a name like that - get out.
3D Forx LLC $ 2,525,372E FX Optioons LLC $1,709,752
FiniFX $1,464,000
Forex Club $3,304,000Forex International Investments Inc $1,464,620
Forward Forex $1,793,767FXCM LLC $759,689GFS Futures & Forex $3,074,000
Nations Investments $1,699,000
Royal Forex Trading $1,102,000SNC Investments $1,565,000
Tradition Securities $781,869I
Trade FX -$3,039,000 Note these guys are alreadybankrupt — negative capital.!!!!!
Money Garden Corp $3,399,844
To get on the NFA new info list go to: www.nfa.futures.org/news/subscribe.asp.
You can find out which broker I recommend at
http://www.forexmoneyonline.com/e-books
Tax Implications of Trading the Forex
by Mike McKee, CPA
Tax Implications of Trading the Forex (Spot) Market
Forex Trading tax tips tricks and traps
This article will discuss the tax implications for U.S. Citizens and resident aliens that fileIndividual U.S. Tax Returns.
Gains and losses incurred while trading foreign currency contracts (FCC) on the openFOREX (interbank, cash, spot) market is subject to the provisions of the United StatesInternal Revenue Code Section (IRC) 988. IRC 988 states that fluctuations in theexchange rate gain or loss should be treated as ordinary income or loss.
Section 988 was written to tax companies that earn income from fluctuations in foreign currency exchange rates in their normal course of business. For example, a U.S. based company purchases goods in another country and the resulting fluctuations in thecurrency exchange rate must be considered. Accordingly, any gain or loss on thetransaction is treated as ordinary income or loss to the business entity subject to ordinaryincome tax rates versus a capital gains tax rate.
Individual Forex traders have some additional options on the taxation of FOREX gains and losses, that actually, can be very beneficial from a U.S. individual tax perspective.The question then becomes does an individual FOREX trader treat his gains/losses asordinary income/loss or affirmatively elect out of IRC 988 for capital gain/loss treatmentunder IRC 1256?
Should I elect out IRC 988 or stay in IRC 988?
TIP
For the individual Forex (Cash) trader there is an election under IRC 988 (a)(1)(B) toconvert these otherwise ordinary Forex gains and or losses to capital gains and or losses.
Trick
For the individual Forex (Cash) trader the real tax benefit of electing out of IRC 988 isconverting your Forex gains from ordinary income tax rates as high as 35% to the muchpreferred capital gains maximum tax rate of 15%.
Trap
However, as an individual trader, if you have net Forex (Cash) losses you MAY NOTwant to elect out of IRC 988 as you will have ordinary loss treatment that can fully offsetyour other income (i.e., wages from your job, interest and dividend income). If you electout of IRC 988 and then fall under IRC 1256, and have Forex trading losses, the lossesare limited to $3,000 under the regular capital loss limitation rules.
If I decide to elect out of IRC 988, how do I accomplish that?
Tip
If you decide to elect out of IRC 988, you must make an affirmative election and attach itto your U.S. Individual Income Tax Return. In addition, according to the U.S. Treasuryregulations, Reg 1.988-3(b)(4) you must attach to the tax return the 5 items requested inthis regulation on a per trade basis (Note: for an active Forex trader, that could mean avery, very thick return).
A word of caution, there is very limited information regarding the U.S. taxation of theFOREX market. It is very clear, however, that an affirmative election must be made toelect out of IRC 988. However, based on my research the above reference REG is alsovery clear that the election on a per trade basis must also be attached to the IndividualTax Return. However, the CPA I spoke with who prepares many Forex traders returnsDID NOT attach this election on a per trade basis. This CPA Firm only attached to theIndividual Tax Return an affirmative election out of 988, followed with a blanketstatement electing out of 988 covering all trades during the year within the specifictrading account(s). My reading and understanding of this reg indicates otherwise thatyou must identify each trade.
TRICK
You must elect out of IRC 988 prior to each trade or make a blanket election covering alltrades. The election must be kept as part of your “books and records”. In addition, theelection must be attached to your U.S. individual 1040 filed on an annual basis.
So, it would be important to maintain good records to verify if you either elect out or optto stay in IRC 988. The problem with this is that an individual could very easily waituntil year end to determine which is better: electing out of IRC 988 for capital gaintreatment or staying in IRC 988 for the ordinary losses. Short of getting a notarizedstatement I am not sure what a good alternative might be. Even then there are many“games” an individual can play with this election.
TRAP
Remember, the IRS commissioner in his sole discretion, may invalidate any or allelections made during the taxable year under $ 1.988-3(b)(1) if the taxpayer fails toverify each election as provided under $1.988-3(b)(4). The preceding sentence shall notapply if the taxpayer’s failure to verify each election was due to reasonable cause or bonafide mistake. The burden of proof to show reasonable cause or bona fide mistake madein good faith is on the taxpayer.
Just remember that a good “reasonable cause” can be your reliance on the advice from atax professional.
How do I show my Forex gains/losses on my U.S. Individual tax return?
If you decide to NOT elect out of IRC 988, your net gain/loss from your Forex tradingactivities are treated as ordinary income/loss, the net number should be reported on Line21, Other Income, of your U.S. Individual Tax Return, form 1040. I would reference theincome/loss number with a notation such as “Forex Currency Contract gain/loss underIRC 988”. Or some such notation that gives an accurate description of the line itemnumber.
If you decide to elect out of IRC 988 you will fall under IRC 1256 rules. IRC 1256 gainsand losses are taxed at a blended rate, 60% of the gains are taxed at the long term capitalgains tax rate (maximum rate of 15%) and 40 percent at the short term capital gains rate(i.e., ordinary income rates). The long term capital gains rate applies IRRESPECTIVEof how long you held the contract(s). The net gain or loss is reported on Form 6781which then flows to your Schedule D and ultimately to the front page of your 1040return. Please remember, too, that if you elected out of IRC 988 and have net Forexlosses, those losses can be carried back under IRC 1256 against prior net IRC 1256 gains.In general, though, for most U.S. Taxpayers ordinary losses are more valuable thencapital losses that are limited to only $3,000.00.
Also, be advised that if you have “substantial” net trading losses and you are offsettingother income on your tax return this will surely “prick” the interest of the InternalRevenue Service (IRS). Accordingly, make sure that your tax return is “squeaky” cleanand you can verify all numbers, especially, your Forex loss number.
What if I have or my tax prepare has made a mistake classifying my Forexgains/losses on a prior tax return(s)?
If you treated your Forex gains as capital gains in the past, without making the electionunder IRC 988, you may want to consider amending your tax return. However, this mayresult in additional tax due, plus interest and penalties.
Likewise, if you did not elect out of IRC 988, and you or your tax preparer treated anyForex losses as capital losses subject to the overall $3,000 loss limitation, you may wantto consider amending your return to take advantage of the ordinary loss deduction. Inthis instance, you may be due a refund. However, an amended return showing a refundrequest will surely create some level of interest on the part of the IRS, so be absolutelycertain that you have good records and a clean return.
What is the tax treatment if I have a professional Forex trader managing my account?
You still need to make an election out of IRC 988 treatment prior to the beginning oftrading. Attach this election to your Individual Tax Return that shows the net gain/lossfrom the managed FOREX account. Remember, according to the U.S. Tax Regulations,the election is made on a transaction by transaction basis PRIOR to each transaction. Itwould be impossible to make such an election on a trade by trade basis with a managedaccount. Accordingly, a blanket election would seem to suffice.
What about my expenses that I incur in Forex trading?
For example, computer(s), supplies, books, reference manuals, internet connections,monthly fees, travel, etc….
The focus of this article is just on the income side of Forex trading. However, if you arenot considered a “trader” in the eyes of the IRS all of the above deductions (plus othertrading related expenses) will be considered “investment related” and deducted onSchedule A, subject to the 2% of adjust gross income (AGI) limitation. If you don’titemize your deductions and or have high AGI, these investment related deductions maybe significantly reduced or eliminated.
Disclaimer:Remember this article ONLY addresses individual U.S. citizens and resident aliens who trade the Forex (SPOT) interbank market and file a U.S. Individual Tax Return. It does NOT apply to individuals who trade commodities, securities and or Forex Futures. The information above should not be relied upon or taken as a substitute for professional tax advice. If you need professional tax advice, you should contact a qualified CPA orother tax professional.
Additional Information:
If you have any questions about this article, please feel free to contact me at 407-896-9688, Orlando, Florida, USA.
Mike McKee, CPAOwner
Michael T. McKee, CPA, PA918 Lucerne TerraceOrlando, Florida 32806
407-896-9688 ring
407-894-3599 fax
Tax Implications of Trading the Forex (Spot) Market
Forex Trading tax tips tricks and traps
This article will discuss the tax implications for U.S. Citizens and resident aliens that fileIndividual U.S. Tax Returns.
Gains and losses incurred while trading foreign currency contracts (FCC) on the openFOREX (interbank, cash, spot) market is subject to the provisions of the United StatesInternal Revenue Code Section (IRC) 988. IRC 988 states that fluctuations in theexchange rate gain or loss should be treated as ordinary income or loss.
Section 988 was written to tax companies that earn income from fluctuations in foreign currency exchange rates in their normal course of business. For example, a U.S. based company purchases goods in another country and the resulting fluctuations in thecurrency exchange rate must be considered. Accordingly, any gain or loss on thetransaction is treated as ordinary income or loss to the business entity subject to ordinaryincome tax rates versus a capital gains tax rate.
Individual Forex traders have some additional options on the taxation of FOREX gains and losses, that actually, can be very beneficial from a U.S. individual tax perspective.The question then becomes does an individual FOREX trader treat his gains/losses asordinary income/loss or affirmatively elect out of IRC 988 for capital gain/loss treatmentunder IRC 1256?
Should I elect out IRC 988 or stay in IRC 988?
TIP
For the individual Forex (Cash) trader there is an election under IRC 988 (a)(1)(B) toconvert these otherwise ordinary Forex gains and or losses to capital gains and or losses.
Trick
For the individual Forex (Cash) trader the real tax benefit of electing out of IRC 988 isconverting your Forex gains from ordinary income tax rates as high as 35% to the muchpreferred capital gains maximum tax rate of 15%.
Trap
However, as an individual trader, if you have net Forex (Cash) losses you MAY NOTwant to elect out of IRC 988 as you will have ordinary loss treatment that can fully offsetyour other income (i.e., wages from your job, interest and dividend income). If you electout of IRC 988 and then fall under IRC 1256, and have Forex trading losses, the lossesare limited to $3,000 under the regular capital loss limitation rules.
If I decide to elect out of IRC 988, how do I accomplish that?
Tip
If you decide to elect out of IRC 988, you must make an affirmative election and attach itto your U.S. Individual Income Tax Return. In addition, according to the U.S. Treasuryregulations, Reg 1.988-3(b)(4) you must attach to the tax return the 5 items requested inthis regulation on a per trade basis (Note: for an active Forex trader, that could mean avery, very thick return).
A word of caution, there is very limited information regarding the U.S. taxation of theFOREX market. It is very clear, however, that an affirmative election must be made toelect out of IRC 988. However, based on my research the above reference REG is alsovery clear that the election on a per trade basis must also be attached to the IndividualTax Return. However, the CPA I spoke with who prepares many Forex traders returnsDID NOT attach this election on a per trade basis. This CPA Firm only attached to theIndividual Tax Return an affirmative election out of 988, followed with a blanketstatement electing out of 988 covering all trades during the year within the specifictrading account(s). My reading and understanding of this reg indicates otherwise thatyou must identify each trade.
TRICK
You must elect out of IRC 988 prior to each trade or make a blanket election covering alltrades. The election must be kept as part of your “books and records”. In addition, theelection must be attached to your U.S. individual 1040 filed on an annual basis.
So, it would be important to maintain good records to verify if you either elect out or optto stay in IRC 988. The problem with this is that an individual could very easily waituntil year end to determine which is better: electing out of IRC 988 for capital gaintreatment or staying in IRC 988 for the ordinary losses. Short of getting a notarizedstatement I am not sure what a good alternative might be. Even then there are many“games” an individual can play with this election.
TRAP
Remember, the IRS commissioner in his sole discretion, may invalidate any or allelections made during the taxable year under $ 1.988-3(b)(1) if the taxpayer fails toverify each election as provided under $1.988-3(b)(4). The preceding sentence shall notapply if the taxpayer’s failure to verify each election was due to reasonable cause or bonafide mistake. The burden of proof to show reasonable cause or bona fide mistake madein good faith is on the taxpayer.
Just remember that a good “reasonable cause” can be your reliance on the advice from atax professional.
How do I show my Forex gains/losses on my U.S. Individual tax return?
If you decide to NOT elect out of IRC 988, your net gain/loss from your Forex tradingactivities are treated as ordinary income/loss, the net number should be reported on Line21, Other Income, of your U.S. Individual Tax Return, form 1040. I would reference theincome/loss number with a notation such as “Forex Currency Contract gain/loss underIRC 988”. Or some such notation that gives an accurate description of the line itemnumber.
If you decide to elect out of IRC 988 you will fall under IRC 1256 rules. IRC 1256 gainsand losses are taxed at a blended rate, 60% of the gains are taxed at the long term capitalgains tax rate (maximum rate of 15%) and 40 percent at the short term capital gains rate(i.e., ordinary income rates). The long term capital gains rate applies IRRESPECTIVEof how long you held the contract(s). The net gain or loss is reported on Form 6781which then flows to your Schedule D and ultimately to the front page of your 1040return. Please remember, too, that if you elected out of IRC 988 and have net Forexlosses, those losses can be carried back under IRC 1256 against prior net IRC 1256 gains.In general, though, for most U.S. Taxpayers ordinary losses are more valuable thencapital losses that are limited to only $3,000.00.
Also, be advised that if you have “substantial” net trading losses and you are offsettingother income on your tax return this will surely “prick” the interest of the InternalRevenue Service (IRS). Accordingly, make sure that your tax return is “squeaky” cleanand you can verify all numbers, especially, your Forex loss number.
What if I have or my tax prepare has made a mistake classifying my Forexgains/losses on a prior tax return(s)?
If you treated your Forex gains as capital gains in the past, without making the electionunder IRC 988, you may want to consider amending your tax return. However, this mayresult in additional tax due, plus interest and penalties.
Likewise, if you did not elect out of IRC 988, and you or your tax preparer treated anyForex losses as capital losses subject to the overall $3,000 loss limitation, you may wantto consider amending your return to take advantage of the ordinary loss deduction. Inthis instance, you may be due a refund. However, an amended return showing a refundrequest will surely create some level of interest on the part of the IRS, so be absolutelycertain that you have good records and a clean return.
What is the tax treatment if I have a professional Forex trader managing my account?
You still need to make an election out of IRC 988 treatment prior to the beginning oftrading. Attach this election to your Individual Tax Return that shows the net gain/lossfrom the managed FOREX account. Remember, according to the U.S. Tax Regulations,the election is made on a transaction by transaction basis PRIOR to each transaction. Itwould be impossible to make such an election on a trade by trade basis with a managedaccount. Accordingly, a blanket election would seem to suffice.
What about my expenses that I incur in Forex trading?
For example, computer(s), supplies, books, reference manuals, internet connections,monthly fees, travel, etc….
The focus of this article is just on the income side of Forex trading. However, if you arenot considered a “trader” in the eyes of the IRS all of the above deductions (plus othertrading related expenses) will be considered “investment related” and deducted onSchedule A, subject to the 2% of adjust gross income (AGI) limitation. If you don’titemize your deductions and or have high AGI, these investment related deductions maybe significantly reduced or eliminated.
Disclaimer:Remember this article ONLY addresses individual U.S. citizens and resident aliens who trade the Forex (SPOT) interbank market and file a U.S. Individual Tax Return. It does NOT apply to individuals who trade commodities, securities and or Forex Futures. The information above should not be relied upon or taken as a substitute for professional tax advice. If you need professional tax advice, you should contact a qualified CPA orother tax professional.
Additional Information:
If you have any questions about this article, please feel free to contact me at 407-896-9688, Orlando, Florida, USA.
Mike McKee, CPAOwner
Michael T. McKee, CPA, PA918 Lucerne TerraceOrlando, Florida 32806
407-896-9688 ring
407-894-3599 fax
Costs of the Forex
Here is my forex story. I started looking online for ways to make money. I came across the forex. I discovered that there was a huge industry in and of itself selling “how to trade the forex” information.
I first delved in with a seminar. I figured education costs money and so I coughed up $5,000 to learn how to trade the forex. What’s more, this company told me I needed to buy their charts for over $100 per month. I never learned to trade the forex from that company, but learned that this is a big industry.
I next bought a “system” with online assistance. I learned alot about how people trade the forex, but I still did not learn how to profitably trade the forex. This cost me several hundred dollars.
I then learned how professional traders actually work. I discovered a trader that would allow me to have a couple of trades per month that would make me 200 to 400 pips per month. So I wanted to share that with people. I didn’t want people making the same mistakes I made and I didn’t want people to spend alot of money so I made sure the e-book was inexpensive.
I put together “How to Easily Make Forex Money Online.” I only charge $49 for it. I also give everyone who buys the book one to two FREE monthly position trades every month so they can actually get a good start with the forex and begin making money. Signal services charge hundreds of dollars per month for this. You get them for FREE. You can purchase the e-book at http://tinyurl.com/38ubzs
The book teaches you how to get into the forex, find a broker, and start with a FREE account to test the trades before you put your hard-earned money into it. 20% to 40% per month on my money is much better than the measly 3% the bank wants to pay me. I give everyone who purchases the easily, downloadable e-book personal attention. You will get my personal e-mail to ask any questions you would like.
Wealth System Solutions has also made it even easier to trade than this. We hate to admit it, but there is an even better automated system that gives you a net monthly average of 211 pips or 8.44% on your money with much less risk. You can find it here:
http://www.forexmoneyonline.com/automatedforexsystemtrading
Good luck and good trading,
Bri Sater
I first delved in with a seminar. I figured education costs money and so I coughed up $5,000 to learn how to trade the forex. What’s more, this company told me I needed to buy their charts for over $100 per month. I never learned to trade the forex from that company, but learned that this is a big industry.
I next bought a “system” with online assistance. I learned alot about how people trade the forex, but I still did not learn how to profitably trade the forex. This cost me several hundred dollars.
I then learned how professional traders actually work. I discovered a trader that would allow me to have a couple of trades per month that would make me 200 to 400 pips per month. So I wanted to share that with people. I didn’t want people making the same mistakes I made and I didn’t want people to spend alot of money so I made sure the e-book was inexpensive.
I put together “How to Easily Make Forex Money Online.” I only charge $49 for it. I also give everyone who buys the book one to two FREE monthly position trades every month so they can actually get a good start with the forex and begin making money. Signal services charge hundreds of dollars per month for this. You get them for FREE. You can purchase the e-book at http://tinyurl.com/38ubzs
The book teaches you how to get into the forex, find a broker, and start with a FREE account to test the trades before you put your hard-earned money into it. 20% to 40% per month on my money is much better than the measly 3% the bank wants to pay me. I give everyone who purchases the easily, downloadable e-book personal attention. You will get my personal e-mail to ask any questions you would like.
Wealth System Solutions has also made it even easier to trade than this. We hate to admit it, but there is an even better automated system that gives you a net monthly average of 211 pips or 8.44% on your money with much less risk. You can find it here:
http://www.forexmoneyonline.com/automatedforexsystemtrading
Good luck and good trading,
Bri Sater
Press Release: Forex Money Online
The Forex Strategy Teaching Industry, Let the Buyer Beware; Provident Trading Announces Release of New E-book.
Foreign currency exchange, or forex, has spawned a huge industry teaching people how to do forex trading. A person has to be careful where they get their forex information and how much they pay for it. Provident Trading is announcing a new e-book that will save forex traders thousands.
(PRWEB) May 21, 2007 — A person can actually make money trading the forex if they know how to begin. Provident Trading is announcing a product that will save forex traders thousands. Provident Trading has released an inexpensive e-book that can easily be downloaded online entitled “How to Easily Make Forex Money Trading Online” to assist the beginner trader and the trader who is not making money trading forex. The author, Brian Sater, is providing one to two free trades per month to help the forex trader achieve 20% per month on their account.The e-book is located at http://www.forexmoneyonline.com/e-books
The forex, or foreign currency exchange market, is the largest market in the world. We all know the stock market is huge, but just think of all of the currencies in the entire world being traded on a daily basis. The average daily forex trading volume currently exceeds $1.9 trillion.In 1986, Caterpillar made a 100 million profit trading the forex and would have actually had an operating loss for the year on their normal business if it wasn’t for that profit.In 2002, Bank of America made a $530 million profit in forex trading as stated under “Global Investment Income” on their annual statement.Daimler Chrysler sells cars, correct? In 2003, they made more money on foreign exchange than by selling cars and half of their second quarter operating profit was from currency trades.
Foreign currency exchange used to be the playground of only the very rich. The past decade it has been opened up so someone with as little as a few hundred dollars can trade the forex.This has spawned an industry all of its own teaching people to trade the forex. Seminars, charting systems, currency trading systems, signal systems and software have all been created to instruct people how to trade the forex.Interestingly enough, the range of what a person can pay for this instruction varies dramatically. A person may or may not actually learn how to trade the forex profitably after spending thousands.For example, a one- or two-day forex seminar typically will cost thousands. Companies market software that costs thousands. Signal companies typically charge monthly fees of hundreds of dollars to send the numbers to a person and the numbers are just plugged in.None of these costs can assure that someone will actually make money in the forex.
In fact, over 90% of new forex traders lose their accounts.With the appropriate resources, a person can earn 20% monthly on their money and as they build their account up, an exponential force can dramatically increase their account.For example, a person begins with $1,000 and sees their account grow to $2,000. The trader can add risk to their account by adding a lot. So, instead of making $400, which would be 20% on that $2,000, the trader would make $800 by having added a lot. You can see the exponential power of the forex.Unfortunately, this power is what gets new traders in trouble. Not every trade is a win. With a few wins under a trader’s belt, the newbie believes he or she can add more lots to their trade, and then they end up with a huge loss.It is advised that the beginning forex trader begin with some of the e-books or online resources that are less expensive at first to ensure their success trading this market.
Foreign currency exchange, or forex, has spawned a huge industry teaching people how to do forex trading. A person has to be careful where they get their forex information and how much they pay for it. Provident Trading is announcing a new e-book that will save forex traders thousands.
(PRWEB) May 21, 2007 — A person can actually make money trading the forex if they know how to begin. Provident Trading is announcing a product that will save forex traders thousands. Provident Trading has released an inexpensive e-book that can easily be downloaded online entitled “How to Easily Make Forex Money Trading Online” to assist the beginner trader and the trader who is not making money trading forex. The author, Brian Sater, is providing one to two free trades per month to help the forex trader achieve 20% per month on their account.The e-book is located at http://www.forexmoneyonline.com/e-books
The forex, or foreign currency exchange market, is the largest market in the world. We all know the stock market is huge, but just think of all of the currencies in the entire world being traded on a daily basis. The average daily forex trading volume currently exceeds $1.9 trillion.In 1986, Caterpillar made a 100 million profit trading the forex and would have actually had an operating loss for the year on their normal business if it wasn’t for that profit.In 2002, Bank of America made a $530 million profit in forex trading as stated under “Global Investment Income” on their annual statement.Daimler Chrysler sells cars, correct? In 2003, they made more money on foreign exchange than by selling cars and half of their second quarter operating profit was from currency trades.
Foreign currency exchange used to be the playground of only the very rich. The past decade it has been opened up so someone with as little as a few hundred dollars can trade the forex.This has spawned an industry all of its own teaching people to trade the forex. Seminars, charting systems, currency trading systems, signal systems and software have all been created to instruct people how to trade the forex.Interestingly enough, the range of what a person can pay for this instruction varies dramatically. A person may or may not actually learn how to trade the forex profitably after spending thousands.For example, a one- or two-day forex seminar typically will cost thousands. Companies market software that costs thousands. Signal companies typically charge monthly fees of hundreds of dollars to send the numbers to a person and the numbers are just plugged in.None of these costs can assure that someone will actually make money in the forex.
In fact, over 90% of new forex traders lose their accounts.With the appropriate resources, a person can earn 20% monthly on their money and as they build their account up, an exponential force can dramatically increase their account.For example, a person begins with $1,000 and sees their account grow to $2,000. The trader can add risk to their account by adding a lot. So, instead of making $400, which would be 20% on that $2,000, the trader would make $800 by having added a lot. You can see the exponential power of the forex.Unfortunately, this power is what gets new traders in trouble. Not every trade is a win. With a few wins under a trader’s belt, the newbie believes he or she can add more lots to their trade, and then they end up with a huge loss.It is advised that the beginning forex trader begin with some of the e-books or online resources that are less expensive at first to ensure their success trading this market.
Welcome to Forex Automatic Profits
Hi, my name is Brian Sater and I am the owner of Wealth System Solutions. We purchase inexpensive forex systems and publish the results. Using our automated system, you don't have to spend thousands of dollars on seminars and courses, plus hours learning the systems. Use our simple, set and forget technology to earn a net monthly average of 211 pips per month or 8.44% on your money. Don't settle for what the bank pays you.
http://www.wealthsystemsolutions.com/
http://www.wealthsystemsolutions.com/
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