Everyone here is into starting or already has a home based business, im interested in knowing if anyone trades FOREX online? Surely that counts as a home based business!!
I am planning to start a stock related forum with revenue sharing. Right now, I am brainstorming to see how I should structure the categories and forums to attract people.
For a stock market forum you can structure it by market cap size, sector or which exchange it trades on, just some suggestions.
You can trade it from anywhere on the planet, just need a laptop, mobile phone, etc. and a connection.
I have i joined this broker which gives you $5 and im trading my way to my first $100 not bad for a 3 months work, the the best part is that now it gets easier, with more experience and more cash I can trade bigger lots, so basically with $1 I was able to control $100 with $10 --> $1000 and with $100 ----> $10,000 which equals to a mini lot. Its interesting learning as you go but you can lose all your money if you dont know what your doing.
Uh, yeah. Last year I played around with it for a few months. I was up about 3k, and lost it all in less than an hour. If you're serious, you need a big enough bankroll to ride out the dips. By serious, I mean 'trying to make a living' not 'gambling as a hobby'. I think the forum I learned a lot on was moneytec.com.
Yeah its a hot market and I guess you do get loads of people trying to promote their sites, belive me ive seen plenty too
I started trading FOREX over 5 years ago. I have used only a couple of FCM's to trade thru but have used everyones demo accounts to test platforms, currently I am using Oanda because of my trading style. Oanda pays out interest per unit, and on unused margin in your account, they also allow you to trade in 1 unit lots. Most brokers make you trade in minimum lot sizes which limits your trading style based on account size. With minimum lots you are penalized for having small accounts or just trying to learn with a few dollars. I am registered with the NFA as a CTA and have passed my series 3 exam. I first started day-trading and lost 20% of my account, over-leverage trying to make that quick buck. I have turned into a fundemental carry trader. My current systems was started in October of last year and it now just a tad over a 18% return as of today. I am trading at 50:1 leverage(you can get anywhere from 1:1 up to 200:1 in the US), Currently in my open trades, USD/JPY GDP/JPY AUD/JPY and EUR/USD I am using 7% of my account for leverage. In the long run fundementals always will win out. I have seen huge profits in a week and in a day while day-trading but the market usually took that back and a little more down the rode. Trying to watch the markets for 18 hours a day was a little stressful. With my carry trade, I do not watch the markets daily, I only log once or twice a month to adjust my current carry basket. Moneytec is a great place to start, I have met Kyle, the guy who runs it and he is a good guy. A lot of useful intformation on there. Be very weary if it sounds to good to be true, it is. There are alot of shady characters trying to scam, make sure you do background checks on everyone you deal with, and only work with NFA registered companies.
I'm a Forex affiliate program manager how is that? Takes a lot of time to become an expert in this field but for those who know what they are doing it's a goldmine... I think that it's easier for webmaster to earn from forex
Hey! I'm the owner of this site: http://www.tradeover.net (a stock market game where you can buy also currencies) - maybe we can do some business together... Cheers!