Sunday, October 17, 2010

How to Start a Forex Day Trading Business From Home

While many traders in the foreign exchange (forex) trading markets work for larger trading companies, the majority of successful day traders operate independently. By working out of a home office, you can keep overhead low, be available at all times of the day and night to hit foreign market peaks and enjoy a flexible lifestyle. Training and continuing educational programs are readily available online for very little investment.


  • 1

    Start an online course that provides integrated online trading techniques with basic currency education. offers students a free demo of their forex training programs, covering topics that include how to analyze forex markets, the fundamentals of trading and how to control risk.

  • 2

    Open an account through the same website where you trained, and begin making small trades, also known as mini trades. Other popular sites that offer forex training and trade portals geared toward newcomers to the industry include the Forex Club and FX Bootcamp.

  • 3

    Register with an online broker, such as Forex Booker, to avoid having to download software platforms, deposit advances into trading accounts and keep a filing system of all your trades. Brokers provide these services for a commission or a straight account maintenance fee. Forex brokers can act as technical advisers and administrators for your business, leaving you free to study the markets and make trade decisions.

  • 4

    Participate in forex blogs and forums, such as and Forex, to keep up with news affecting foreign currency and political climates that affect trade. Subscribe to a variety of information feeds and newsletters to stay updated on movement in the international currency markets, Wall Street reactions to political activity and financial reports from banking and financial institutions.

  • 5

    Continue with your online education to gain a solid understanding of foreign markets, international trends and financial accounting practices. An undergraduate degree in finance or Master of Business Administration (MBA) can increase your odds of success in forex trading.

  • Thursday, October 7, 2010

    How to Use Forex As a Home Based Business

    When most people think about Forex they think of it either as a financial investment vehicle or a hobby. However, when you switch your mindset to that of a home based business you will be amazed when you start to make real profits because you are actively taking it seriously.

    I believe Forex is the ultimate home based business. You can trade 24 hours a day so it doesn't matter where you are in the world. There's no employees, no stock to hold, no commuting to work. It's just you, your trading software and a computer. Once you are proficient the rewards can be massive. If you live in the United Kingdom you have the added bonus of not having to pay any tax. Some traders have even moved to the UK so they can take advantage of this. Most countries will however give you a tax break of some sort.

    Unlike stocks and shares the Forex is not subject to long term manipulation or insider trading. The shady tactics of 'insider trading' have supposedly been outlawed. However, there is legal insider trading and out of hours trading which you as an individual are unable to take part in. Also, can you really believe that a director of a company who knows something big is about to happen doesn't tell his friends and family? And of course those people tell their friends and family and so on..... Of course this has the effect of moving the share price and you have no way of predicting or analyzing this. Which is why it was outlawed... sort of.

    With Forex there is no such manipulation and if any does occur it is very short lived and most things that will affect Forex prices are predictable such as economic news announcements. Even governments can only affect the prices for the very short term. So Forex is great if you want an even playing field for the individual trader and the big institutions. Forex trading online is now very easy and modern technology makes it possible for anyone to trade from the comfort of their home computer. In fact you can set up a trading account and Forex charting software very quickly. All you really need to do then is to get education and training on how to trade safely and properly.

    You will find everything very exciting and you will be tempted to over trade. You will require discipline and you will need to stick rigidly to your trading rules. Also when you do have losing trades (which you will) you must see these as a business expense not a loss. As long as your winning trades outweigh your losing trades you will have a viable and exciting home based business.

    One final word of warning... There is a lot of information out there on the Internet and it's very easy to suffer from information overload. Studying it all yourself and being bombarded by thousands of different Forex trading systems will confuse you and you could take years trying to discover what really works. You must keep things simple and don't get drawn into thinking that trading to make money is somehow very complicated, it is not. The safest and best way to learn how to trade is to find a genuine trading mentor that uses Forex as a home based business themselves. A mentor that not only teaches you the methods that work but will also allow you to copy them and earn while you learn.

    To learn more about highly profitable Forex Trading strategies that really work and discover who Eric's Forex mentor is go to

    Eric Cole is a highly successful Forex Trader in his own right. He is also one of the top offline and online 'Six Figure Income Earners' in the Internet Marketing arena. Eric also works closely with entrepreneurs from around the world and is an 'in demand' consultant to new and established MLM, home based business and direct marketing companies.

    Eric devotes most of his time and effort into helping average people to acquire wealth through Forex Trading, Online Marketing and Property Portfolio building. This enables people to enjoy wealth, success and time freedom in their lives. You may contact Eric directly by email..

    Sunday, October 3, 2010

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    Wednesday, August 18, 2010

    Work from Home Opportunities

    The following are different categories of opportunities for you to make money online:

    Get Paid to Advertise Earn money displaying advertisements on your site. These programs pay you if a visitor clicks on your site, if an advertisement is viewed 1000 times, and some pay a monthly fixed rate just for displaying their advertisements regardless of whether it is clicked or viewed. These are a good way to earn passive, monthly income. That is, you are earning even while you sleep.

    Get Paid to Blog These pay you for blog related activities, such as sharing your thoughts about a certain company, website, or event. These are also known as Get Paid to Post opportunities. Aside from these, a good way to earn money from your blog would be to use it to refer other people. See the Get Paid to Refer section on such opportunities. By merely placing your referral link, provided by the company or website you’ve joined, you can earn passive monthly income from your blog or website.

    Get Paid to Click Paid to Click (PTC) sites pay you for clicking on links or banners of their advertisers and viewing the website it is linked to for about 20 to 30 seconds. After which, your account will be credited about $0.01 for each ad you view. While participating in one may not be profitable, doing so in several different PTC sites at once can actually make it worthwhile, especially if you take advantage of their referral program.

    Get paid to do Homework A good way for retirees, graduates, and professionals to earn extra money would be to write for Academia sites. You get paid to do homework, research, and school and university related activities.

    Get Paid to Refer This is perhaps one of the most potent ways to earn money online, once you’ve set up a blog and promoted it well. If your blog is receiving at least 100 visitors a day or more, then this can really bring in considerable amount of monthly, passive income. By simply placing the referral links provided by these companies and websites, you can earn while you sleep. Of course, this isn’t so easy to do. It requires patience and a lot of hard work in regularly updating your blog and promoting it through Search Engine Optimization. If you’re serious about earning from these, then put 6 months to 1 year of effort on it. The effort and time is worth it, with the right programs to join.

    Get Paid to Review Products Another good way to earn both passive and active income, that is, earning both from your efforts and from commissions generated whether or not you work, is to share your personal experiences about different products. All products can be reviewed, as long as they have monetary value.

    Get Paid to Sell These companies pay you for selling items through your blog or website. You just have to refer clients to them, and they will take care of the rest. you can earn from 20% to 50% in commissions, depending on the product.

    Get Paid to Survey Get Paid to Survey sites pay you for taking short surveys and sharing your opinion. Although a single site in itself will not earn you considerable amount of money, if you join enough sites, use the free software Roboform to speed up sign ups and log in processes (or any AutoFill tool for that matter, such as Autofill for Firefox), then you can earn a lot. Even if it’s only $5 per month from each company, if you join 200 companies, you can earn $1000 a month. There are people who earn as much as $3000 a month from these. But it really takes effort. Anybody earning that much really deserves it, it takes persistence and hard work to reach that level.

    Get Paid to Teach These opportunities pay you for teaching students over the internet. Generally, you need a good internet connection, preferably DSL, broadband, or faster to ensure that you get clear communication with your clients. You’ll also need free software such as Skype.

    Get Paid to Work These are ways to earn for doing projects related to your field. It may be writing, programming, graphics, accounting, book keeping, telecommuting, and all sorts of work. The rates are generally quite high.

    Get Paid to Write These opportunities pay you to write about various topics. Some sites pay $20 for articles on real estate, some pay $4-$10 per page. This is a great way to earn for budding writers, while at the same time enhancing their writing skills.