Top Five Reasons Why Instant FX Profits Gives Me a Complete Forex Education

I graduated from a degree in Engineering. Spent 4 years in college and all I learned was how to design electrical circuits and how transistors work. When I graduated, I was given the opportunity to work in a transistor manufacturing company that gives me a decent pay. After 5 years of working in the same company, I realized that the salary that I was earning was not enough to cover the amount of time I had to put into my job. Not forgetting, I still have a school loan to pay off. I needed more income. Badly. And so, I’ve decided to learn how to trade forex for some side income. I didn’t want to go back to college for another 3 years to get a degree in finance. I have a wife and 2 kids to feed and the only way to support them was to continue on with my job and find an alternative for my financial education that does not require full time lessons or even a dreadful final year thesis. I needed someone successful to teach me just the right things I needed to know to get started in forex. Like people say, leverage is a matter of learning from someone who is already successful.

And so, I searched the web for a forex education course that could teach me how to make some extra income by trading forex on a part time basis. Guess what? I found what I was looking for.

I came across Kishore M’s Instant FX Profits forex education course that I had to pay USD316 for. I was given access to practical trading videos and strategies after singing up for a 1 year membership. Today, I am consistently making USD30 per day and it’s just a matter of time, I would be making USD300 when my trading confidence increases. So far I’ve covered the USD316 that I had paid for 10 days ago. So everything that I make now is pure profits!

So let me share with you five reasons why Instant FX Profits gives me a complete forex education:

1. Kishore M is a world renowned hedge fund manager who is a business partner of Jim Rogers. The is no doubt that Kishore M is a legitimate forex teacher.

2. Instant FX profits is a online university that has 30 hours of vidoes on how to trade forex. Perfect for beginners.

3. Instant FX profits has an archive of text books that teaches you everything you need to know about trading forex successfully.

4. Instant FX profits has a live trading room for new members to join and trade together live on every Monday 10.30pm to 11.30pm Singapore time.

5. This forex education course is value for money compared to other courses that charges USD3000 or more to attend.

If you are interested to getting started, this blog will tell you more about how to get started.

Forex Leverage – Understanding Forex Leverage

Forex leverage is assumed by many forex traders as being a loan which is extended by the brokers who are in charge of the forex margin account to the individuals who wish to trade in the forex market with a limited amount of finances. Although all commercial trading markets offer some degree of leverage to their traders, the forex market is an exception to the rule since it is characterized by a high leverage which is enjoyed and effectively utilized by the traders with the intention of maximizing their profits.

The choice of forex leverage which is offered to the trader is of three types namely 50:1, 100:1 or 200:1 and the final selection depends on the individual preference of the trader. The basic rule which is followed in this regard is that while the forex leverage of 50:1 or 100:1 is offered for a trade involving $100,000 or more, the leverage option of 200:1 is meant for a trade which features a volume of $50,000 or an amount lesser than that. The ratio in the expression of leverage refers to the percentage extent to which the trader can borrow from the broker on the basis of the margin account. Therefore, if the forex leverage is specified as being 100:1, it implies that the trader needs to have at least a $1000 in his margin account to be able to trade for $100,000 or more. Although this might be considered as being highly risky by some traders, majority of them consider the risk to be worthy as judicious decisions enable them to earn a good return on their initial investment.

The amount of forex leverage which is acquired by the forex trader depends on two main factors namely the confidence of the trader to handle a big amount and the willingness of the broker to provide that amount to the trader. Some intricacies, like the minimum deposit required to be present in the account and the financial security are decided upon by the broker and may vary from one broker to another. A word of caution in opting for forex leverage is that one should always be alert on the sudden reversal of trend subsequent to investing as in such a case it takes only a few moments for an immensely profitable deal to metamorphose into a big loss making venture.

Introduction To FOREX

The Foreign Exchange Market, better known as FOREX, is a worldwide market for buying and selling currencies. It handles a huge volume of transactions 24 hours a day, 5 days a week. Daily exchanges are worth approximately $1.5 trillion (US dollars). In comparison, the United States Treasury Bond market averages $300 billion a day, and American stock markets exchange about $100 billion a day.

The Foreign Exchange Market was established in 1971 when fixed currency exchanges were abolished. Currencies became valued at ‘floating’ rates determined by supply and demand. The FOREX grew steadily throughout the 1970’s, but with the technological advances of the 80’s FOREX expanded from trading levels of $70 billion a day to the current level of $1.5 trillion.

Who Trades in FOREX?

The FOREX is made up of about 5,000 trading institutions such as international banks, central government banks (such as the US Federal Reserve), and commercial companies and brokers for all types of foreign currency. There is no centralized location of FOREX; major trading centers are located in New York, Tokyo, London, Hong Kong, Singapore, Paris, and Frankfurt. All trading is done by telephone or Internet. Businesses use the market to buy and sell their products in other countries, but most of the activity on the FOREX is from currency traders who use it to generate profits from small movements in the market.

Even though there are many huge players in FOREX, it is accessible to the small investor thanks to recent changes in the regulations. Previously, there was a minimum transaction size and traders were required to meet strict financial requirements.

With the advent of Internet trading, regulations have been changed to allow large interbank units to be broken down into smaller lots. Each lot is worth about $100,000 and is accessible to the individual investor through ‘leverage’ loans extended for trading. Typically, lots can be controlled with a leverage of 100:1 meaning that US$1,000 will allow you to control a $100,000 currency exchange.

Advantages to Trading in FOREX

Liquidity – Because of the size of the Foreign Exchange Market, investments are extremely liquid. International banks are continuously providing bid and ask offers and the high number of transactions each day ensures there is always a buyer or a seller for any currency.

Accessibility – The market is open 24 hours a day, 5 days a week. The market opens Monday morning Australian time and closes Friday afternoon New York time. Trades can be done on the Internet from your home or office.

Open Market – Currency fluctuations are usually caused by changes in national economies. News about these changes is accessible to everyone at the same time–there can be no ‘insider trading’ in FOREX.

No Commission – Brokers earn money by setting a ‘spread’–the difference between what a currency can be bought at and what it can be sold at.

How does it work?

Currencies are always traded in pairs: the US dollar against the Japanese yen, or the English pound against the euro. Every transaction involves selling one currency and buying another, so if an investor believes the euro will gain against the dollar, he will sell dollars and buy euros.

The potential for profit exists because there is always movement between currencies. Even small changes can result in substantial profits because of the large amount of money involved in each transaction. At the same time, it can be a relatively safe market for the individual investor. There are safeguards built in to protect both the broker and the investor, and a number of software tools exist to minimize loss.