Forex as an ATM

The forex trading can be used as an ATM? Wow, money can withdrawed anytime from forex trading?

Well, forex can be called as an Auto Teller Machine which you can withdraw money anytime you want cash. But it is not as like the usual ATM that is stationed at shopping complex, banks, fuel station or anywhere. You will not see your forex broker company's logo sticked to the machine's body. But the  objective is the same, to cash out money.

Withdrawal is the keyword. If you profited more from your trading, then the you can make withdrawal. But, bear in mind that you must keep some balance in your trading account for your next trading. If not, no more trading.

If you funded a lot on your trading account, you can trade more and can profit more. This profit can be withdrawed, hence as an ATM. Some traders do this as to finance their living. But, this is only best for big and large fund.

Imagine that you have no worry in getting cash money. Trade this day, tomorrow cash out. But, some forex broker needs 3-4 days to clear withdrawal process and transfer money to your bank account. Some forex broker needs longer time. It depends on the broker's processing time.

Save..save...save money

How much money that can we save from our salary?  We thought that we already save money for future spending but everytime we save, the temptation to spend money getting more and more.  At last end up with waiting for the next salary.  Oh my goodness, the current month is not ended yet and salary  is already depleted.  How to save money?

The basic guide on saving money is to reduce expenditure.  I suggest to cut on the entertainment expenditure. We really not need entertainment to live, isn't right?  But as I see, the entertainments are been put to the first priority in the teenage life till middle age.  When we getting old, entertainment is no use anymore.  If we put a small cut in entertainment expenses, we can save a lot for out future. 

The other things that can be reduced is the bills.  Telephone bills, internet bills, cable/satelite tv bills, water bills, electricity bills and other bills can be reduced by using less or by signing up a low price package plan.  The key is, use only what you need to use.

By reducing the entertainment expenditure and bills surely helps us to save a lot.  Perhaps it could reach savings up to 50% of your salary.

Venturing in Forex

Well, I did ventured in forex since 2007. Back then, I was only trading by demo account and also in real account. I would like to share with you my experiences in as a newbie in forex.

First, I opened up a first demo account with an online forex broker. I cannot remember the broker's name. But I remembered that the broker is quite popular at that time (2006-2007).  I did not learn much, I just learn how to enter trade and closed a trade.  At that time I was eager to make money fast.  I thought that I could make money so I opened up a real account with a small amount of capital.  

Entering and closing trade is merely depended on technical indicators such as MACD in a 15 minute timeframe. The pair mostly traded is EURUSD. The first few trades successful and after that my account is depleting. Then lastly went to ZERO balance. Very frustrating oh..

But nevermind, after that I did not fund my real account.  I opened up another demo account with other brokers.  There are so many brokers that I have tried since that.  Read so many articles or guide on forex trading online.  There are so many videos that I watched and downloaded regarding technicals and fundamentals on forex.  Having that so many knowledge..still did not make me a good trader.

I rather say that years of experience train us to become a good trader.  A good trader is a trader that knows when to enter trade and when to close trade, have a target, have the fundamentals and technicals welded together in the mind.  The most important is the mindset to control emotions during trades, pre and post.  If you can control the emotions then you can be a successful trader.

Forex Trading

FOREX trading is a very popular online making money nowadays. There are many forex broker all over the world which are available for us to register online in no time and starts trading after adding fund either by offline or online methods of money transfer.

A beginner might be going to deep in money trouble if trading straight away without learning and experiencing how to be successful in forex trading. There are so many techniques of trading. The best way to gain knowledge about forex is by reading at www.babypips.com. After that, apply the knowledge by applying for demo account from any online forex broker on the net.

It is widely known that out of 100% forex trader, there are only 5% successful trader. But I don't quite agree. In United States, forex brokers need to disclose their registered traders performance, and most are averagely 40% perform very good, 60% bad perform.

In my opinion, forex trading requires high level of patience and knowledge. Make trading decision by following the market activities and reports and by analyzing the trading charts.

Take part in the adverts business

Advertisements is the main income generator for any online websites. The adverts will be in the form of banner or just plain text advertisement and occupying a few pixels of space in a website page. Website that has high number of visitors (hundreds or thousands visits) will get higher confidence of supplier to advertise their product in the websites. If any of the visitor click on the adverts and made a successful business transaction, the website owner will gain commissions from the sales made.

Participate in E-bay

E-bay is a platform to sell and buy product by auction process.

People all over the world will bid the product that is displayed in e-bay. If there is a winning bid, then the successful transaction of money is followed by the delivery of product to the winner by which the packaging and delivery is done by the seller.

We can sell any of our belongings such as books, dvds, handycrafts, toys, stamps, old coins, antique items or anything else.

We can also buy any product that is listed in the e-bay.

Go to the e-bay website and learn more.

Give internet business a try

Just give a try to the internet business. There are many business opportunity in the internet. One of them is by participating in the selling and buying of product or offering services(conducting surveys, graphic art designs).

We can also sell our ideas or guides to the public by compiling it into e-book and can be sold with any price that is suitable.

I myself have bought an e-book on guide to make money by selling e-books. Found it interesting, but need to do marketing to friends and to netizens.