|
===================================
"The Rapid Forex e-Course"
--> a 20-part mini-course series
Published by:
Abundant Freedom, LLC
http://www.rapidforex.com
===================================
To DOWNLOAD the "Insight Trader Package":
follow the instructions on the page below:
http://rapidforex.com/dlInsightV100.shtml
To See the e-Course Table of Contents:
http://rapidforex.com/ecourse.shtml
LESSON #2:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Why FOREX trading is quickly becoming one
of the investing world's hottest, most
rewarding opportunities. And, why it's our
chosen 'Ideal Business.'
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
As ambitious, hungry, time freedom-driven entrepreneurs
ourselves, before we were introduced to the concept of
Trading-For-a-Living, we had the pleasure of reviewing and
seeing IN ACTION hundreds of home busine_ss plans, profit-
making ideas, and ways to earn a decent income outside of a
J-O-B.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SIDENOTE: while we realize the majority of you reading this
know J-O-B stands for "Just Over Broke" and that you'll
never become wealthy working one forever; and while we
understand you're already determined to live your dreams and
reach a level of REAL financial independence and Freedom, we
still want you to know that it's NOT just all about money --
it's about quality of life. It's about time freedom and
self-reliance. It's about families. It's about being able to
live a life where you can achieve your recurring daydreams (we
live out our dreams daily on the beaches of Hawaii when we're
not engaged in trading)
We feel FOREX Trading allows you to live the life you've
always wanted more so than any other income vehicle. It ,in
our opinion, is indeed "The World's Most Lucrative Hom.e_based
Busine_ss"
Read on to learn more ...
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
(continued from above the SIDENOTE)
But, more than just analyzing ways to make money, we've been
a part of quite a few (i.e., Direct Sales, delivery business,
Real Estate, marketing consulting, risky investments, etc.).
And from meeting with, interviewing, hearing about others in
business, studying industries with intensity and/or reading
about all the different "gurus of the moment", we have come
to find a few SIMPLE truths:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Business Truth #1:
Quite often people who have money don't
have the time to enjoy it, and those that
have the time don't have the money.!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Well, here's some compelling news for you ...
You don't have to sacrifice a LIFE to earn an incredibly
above-average income!
This isn't a pipe dream. It's purely realistic and
completely optimistic to say that, yes, if you FOCUS on
FOREX trading for several months, you CAN bring your life
into balance.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Business Truth #2:
Before money is earned...something, somewhere,
somehow has to be SOLD. And, if it's not a repeat
type (consumable) product or service, as soon as
you stop whipping up the sales force your incom.e
comes to a screeching halt!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Listen: "money" is a medium of exchange, nothing more and
nothing less. There's no magic way to acquire it. The way to
build wealth is to exchange a value-oriented product or
service for it.
But what if, rather than hiring sales reps (or being one
yourself), a full-time accountant, an attorney,
administrative staff, customer service / human resource
personnel (in other words, "employees"), you could work by
yourself and have access to multiple thousands of
"customers" (no need to advertise to them either) who are
ready and able to BUY from you (or SELL to you) at the drop
of a hat?
And, wouldn't it be incredibly cool if your business could
just laugh-off such traditional hindrances as competition,
collection problems, changing fads, bad publicity, political
or social events, etc?
Yes, all that and, oops, we almost forgot -- it gets even
better...
Trade from anywhere. If you like to travel, this is a dream
business. Take your laptop with you and you can trade the
FOREX and make money anywhere in the world where you have an
internet connection. You can be on the white-sand beaches of
Hawaii, or at your kitchen table (we work extensively at both
spots). You have total freedom of location.
Can you now see why we call this "The World's Most Lucrative
Hom.e_based Busine_ss?"
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Business Truth #3:
A classic dilemma: for most, you can't get a job
(or start a business) without experience
(expertise) and you can't get experience
(expertise) without a job (or being involved in
business)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
When attempting to make more profit than losses on the
fluctuation of exchange rates between major currencies
(i.e., Trading the FOREX), nobody is going to ask you for a
diploma, a formal license or verify the amount of hours
you've spent studying the Foreign exchange market and
banking industry.
Nope, it just isn't gonna happen!
All the training you'll need to get going smoothly is
included IN and WITH our Rapid Forex Training Courses (and,
of course, the rest of this eCourse series will
give you more solid info. than even most books do).
----> Now that we've talked some about how FOREX Trading
Obliterates, like a nuclear explosion, the 3 main
disadvantageous business TRUTHS above .....
================================================
Let's discuss the many benefits and advantages
of FOREX Trading over Stocks & Commodities
================================================
Here's the HIGHLIGHTS on WHY FOREX is becoming the
go-to market for private and institutional traders alike:
The Main Benefits of Trading the FX Spot Market:
(we'll get into some of the DETAILS after this)
- Never a 'Bear' Market!
- No Separate commissions!
- Low to Zero Transaction Costs / Narrow Dealer Spreads!
- A 24-hour Market with Superior Market Liquidity!
- It has up to 200:1 Leverage for Margin Trading!
- Streaming Executable Prices!
- Price Movements Are Highly Predictable!
- FOREX Trading is Economical and Start-up Costs are Low!
============================
Before we get into the DETAILS on the BENEFITS listed above,
as a potential RapidForex.com student, trader, and all-
around well-educated investor, it is important to know the
differences between cash FOREX (SPOT FX) and currency
futures.
In currency futures, the contract size is predetermined.
With FOREX (SPOT FX), you have more freedom with trade sizes.
You can trade with minimal portions of you account up to as
many lots of $100,000 USD as you wish. The futures market
closes at the end of the business day (similar to the stock
market). If important data is released overseas while the U.S.
futures markets is closed, the next day's opening might sustain
large gaps with potential for large losses if the direction of
the move is against your position.
The Spot FOREX market runs continuously on a 24-hour basis
from 7:00 am New Zealand time Monday morning to 5:00 pm New
York Time Friday evening. Dealers in every major FX trading
center (Sydney, Tokyo, Hong Kong/Singapore, London, Geneva
and New York/Toronto) ensure a smooth transition as
liquidity migrates from one time zone to the next.
Furthermore, currency futures trade in non-USD denominated
currency amounts only whereas in spot FOREX, an investor can
trade either in currency denominations, or in the more
conventionally quoted USD amounts. The currency futures pit,
even during Regular IMM (International Money Market) hours
suffers from sporadic lulls in liquidity and constant price
gaps. The spot FOREX market offers constant liquidity and
market depth much more consistently than Futures. With IMM
futures one is limited in the currency pairs he can trade -
Most currency futures are traded only versus the USD - With
spot FOREX, you may trade foreign currencies vs. USD or vs.
each other on a 'cross' basis as well - ex: EUR/JPY,
GBP/JPY, CHF/JPY, EUR/GBP and AUD/NZD (more on what these
mean in Lesson #3 tommorrow)
============================
More and more savvy investor and entrepreneurs are shunning
traditional financial markets, like stocks, bonds &
commodities and building their fortunes in the foreign
exchange (FOREX) marketplace.
Here are 7 important reasons why:
1): FOREX is the largest financial market in the world.
With a daily trading volume of over $1.5 trillion, the spot
FOREX market can absorb trading sizes that dwarf the
capacity of any other market. In fact, when compared with
the $50 billion daily market for equities or the $30 billion
futures market, it becomes quickly apparent this gives you,
and millions of other FOREX traders, almost infinite trading
liquidity and flexibility.
2): FOREX is a TRUE 24-hour market.
The FOREX Market never sleeps. Trading positions can be
entered and exited at any moment - around the globe, around
the clock, six days a week. There is no waiting for an
opening bell as in the case of trading stocks. It is a 24-
hour, continuous electronic (ONLINE) currency exchange that
never closes. This is very desirable for you if you want to
trade on a part-time basis, because you can choose when you
want to trade: morning, noon or night.
3): There is never a Bear Market in FOREX.
You can have access to a seamless, mutually-inclusive (two-
way) exchange of currencies. Meaning, because currencies
trade in "pairs" (for example, US dollar vs. yen or US
dollar vs. Swiss franc), one side of every currency pair
(for example, USD/JPY - JPY = YEN) is constantly moving in
relation to the other. Thus, when you buy a particular
currency, you are actually simultaneously selling the other
currency in that particular pair. As the market moves, one
of the currencies will increase in value versus the other.
Of course, it is up to you to choose the correct currency to
be long or short. Since currency trading always involves
buying one currency and selling another, there is no
structural bias to the market. This means you have equal
potential to profit in both a rising or falling market.
4): High Leverage - up to 200:1 Leverage.
You are permitted to trade foreign currencies on a highly
leveraged basis - up to 200 times your investment with some
brokers. This is primarily attributed to the higher levels
of liquidity within the currency markets. Standard 100,000-
unit currency lots can be traded with as little as 1%
margin, or $1,000. Mini FX accounts are permitted to trade
with just 0.5% margin -- in other words, just $50 allows you
to control a 10,000-unit currency position. Futures traders,
who are accustomed to margin requirements generally equal to
5%-8% of the contract value, will immediately recognize that
the FOREX market provides much greater leverage, and for
stock traders, who must post at least 50% margin, there's no
comparison. If you're looking for an efficient use of
trading capital, this is it!
5): Price Movements Are Highly Predictable.
Although currency prices in the FX market may be volatile,
they generally repeat themselves in relatively predictable
cycles, creating trends. The strong trends that foreign
currencies develop are a significant advantage for traders
who use the "technical" methods and strategies we teach at
RapidForex.com.
Unlike stocks, currencies rarely spend much time in tight
trading ranges and have the tendency to develop strong
trends. Over 80% of volume is speculative in nature and, as
a result, the market frequently overshoots and then corrects
itself. As a technically-trained trader, you can easily
identify new trends and breakouts, which provide for
multiple opportunities to enter and exit positions.
6:) Commission-free Trading and Low Transaction Cost
When you trade FOREX, through one of our recommended brokers
(this info is in our private resources section), you'll do
it totally commission-free! These brokers don't charge
commissions to trade or to maintain an account, and that
goes for all clients trading the FOREX through them,
regardless of your account balance or trading volume. Even
Mini FX traders can buy and sell currencies online,
commission-free.
This is worth repeating: No FX commissions!
What about trading fees? There are none of the usual fees to
which futures and equity traders are accustomed -- no
exchange or clearing fees, no N_F_A or S_E_C fees. Because
currencies trade over-the-counter (OTC), via a global
electronic network -- in FOREX, what you see is what you
get, allowing you to make quick decisions on your trades
without having to worry or account for fees that may affect
your profit/loss or slippage.
In the equities markets, you must pay both a commission and
exchange fees. The over-the-counter structure of the FX
market eliminates exchange and clearing fees, which in turn
lowers transaction costs.
So, if FOREX brokers don't charge commissions, how do they
make money? Like all traded financial products, over-the-
counter currency trading involves a bid/ask spread, which
represents the prices at which your counterparty is willing
to trade. Because the currency market offers round-the-clock
liquidity, you receive tight, competitive spreads both
intra-day and night. Stock traders can be more vulnerable to
liquidity risk and typically receive wider trading spreads,
especially during after-hours trading.
7): Instantaneous Order Execution and Market Transparency.
Market transparency is highly desired in any trading
environment. The greater the market transparency, the more
efficient the market becomes. Unlike other markets where
transparency is compromised (like in the Enron scandal),
FOREX markets are highly transparent (i.e., analyzing
countries, and having access to real-time research / news,
is easier than for publicly held companies).
Because of this transparency, as an FX trader, you will be
able to exercise risk management strategies in accordance to
the fundamental and technical indicators we teach at
RapidForex.com
The FX market offers the highest level of market
transparency out of all the financial markets. Because of
this, order execution and fill confirmation usually occur in
just 1-2 seconds. Markets that do not offer executable
prices and force traders to absorb slippage obviously
compromise the trader's profit potential considerably.
In the forex world, order execution is all-electronic and
because you'll be trading via an Internet-based platform,
instantaneous execution is routine. There are no physical
exchanges, no traditional open-outcry pits, no floor brokers,
and consequently, no delays.
=================================
So, by now, if you haven't caught our FOREX fever -- our
belief and interest in this market of unlimited profit-
making opportunities -- well ... we're just not too sure
what else we can do with you :-)
FOREX trading truly is the "World's Most Lucrative Home
ba.sed Business" and we invite you to stay-tuned for
tomorrow's lesson on *Currency Pairs* - how to read them,
calculate profits, recommended pairs to trade, etc.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Stay Tuned for tomorrow's email from us. It will have
the following Subject line:
asc, Lesson 3 - The Rapid Forex e-Course
We will be discussing *Currency Pair Basics*
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Health, Happiness & Prosperity,
Robert Borowski & Brian Campbell
Abundant Freedom, LLC
http://www.RapidForex.com
--------------------------
To DOWNLOAD the "Insight Trader Package":
follow the instructions on the page below:
http://rapidforex.com/dlInsightV100.shtml
Inside the "Insight Trader Package" you'll receive:
*Forex Freedom
*10% to 30% Monthly R.O.I.
To See the e-Course Table of Contents:
http://rapidforex.com/ecourse.shtml
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
"The Rapid Forex e-Course" is published by:
Abundant Freedom LLC
Visit us at http://RapidForex.com
This publication may be fre_ely redistributed if
copied in its entirety, as long as you do not claim
ownership, or alter the content in any way.
Copyright (c) 2004-5 Abundant Freedom LLC.
The information in this e-Course is provided for
educational purposes only. This information is
offerred as-is, with no warranty of any kind. While
Abundant Freedom LLC, and the author of this e-Course
have taken reasonable measure to assure the accuracy
of this information, the information is not guaranteed
to be accurate, and is subject to change at any time,
without notice.
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=
Abundant Freedom LLC
758 Kapahulu Ave #335
Honolulu
Hawaii 96816
United States
|