High Living through Plain Thinking
Gone are the days when people would be satisfied with plain living and high thinking. This is an age when everyone wants to achieve high living with a little bit of plain thinking, or even better – with no thinking at all. And most of the time, it doesn't work out.
You would rather spend your time on the couch, in front of the plasma TV showing your favorite movie, with not a care in the world to disrupt your enjoyment, while someone else takes care of how to make your rich. Sounds good, eh? Really, who wouldn't want that kind of a lifestyle? But that isn't the way things happen in the real world do they?
Or maybe they do. Notice that I said it doesn't work most of the time. I didn't say it never works. For sometimes maybe it does.
What am I talking about? Is it some kind of hidden, poorly publicized, only-for-insiders, high-entry-barrier, niche type of business? For where else can this kind of thing happen with nobody knowing about it?
Not really. It isn't a niche business, no sir. Not by a far margin.
Because I'm talking about the largest market in the world. Yes, unarguably, positively, indisputably the largest. It's larger than the businesses of Microsoft, AOL and General Electric put together and then tripled. You know what I'm talking about, don't you?
Let's cut out this beating around the bush. I'm talking about foreign exchange trading, or forex trading as it is known briefly. It's a stupendously huge market, with worldwide daily trades often reaching or even exceeding a level of 2 trillion dollars. That is 2 followed by 12 zero-s.
The greatest traders on this market are national governments of countries around the world, huge multinational corporations, the central banks of many countries, the richest tycoons in the world, and so forth.
And the strangest thing about all this is even you and I have a chance to make money on that market. In a minute, we shall see how.
How does forex trading work, and how do you make money off it? Well, you know how the many monetary currencies of the world rise and fall every day, and their exchange rates against each other vary regularly? That's the effect you use to make money. Suppose you buy a hundred dollars worth of Euro, when the price of Euro is not so high. Suppose you get 90 Euros for 100 dollars. However, after you buy them, the price of Euro rises, and soon 90 Euros become equivalent to (say) 110 dollars. So you sell them back and get into dollars again, only 10 dollars richer than when you started! This is the essential principle of forex trading. Child's play, isn't it?
Except that it isn't. For one thing, that was only an example. The forex market doesn't really rise or fall so sharply. Most changes are well below 1% for a single day. So if you invest 100 dollars in the morning, you aren't likely to see much more than US$1 in profits before going to bed. So given your meager capital, how are you going to make any money at all
You would rather spend your time on the couch, in front of the plasma TV showing your favorite movie, with not a care in the world to disrupt your enjoyment, while someone else takes care of how to make your rich. Sounds good, eh? Really, who wouldn't want that kind of a lifestyle? But that isn't the way things happen in the real world do they?
Or maybe they do. Notice that I said it doesn't work most of the time. I didn't say it never works. For sometimes maybe it does.
What am I talking about? Is it some kind of hidden, poorly publicized, only-for-insiders, high-entry-barrier, niche type of business? For where else can this kind of thing happen with nobody knowing about it?
Not really. It isn't a niche business, no sir. Not by a far margin.
Because I'm talking about the largest market in the world. Yes, unarguably, positively, indisputably the largest. It's larger than the businesses of Microsoft, AOL and General Electric put together and then tripled. You know what I'm talking about, don't you?
Let's cut out this beating around the bush. I'm talking about foreign exchange trading, or forex trading as it is known briefly. It's a stupendously huge market, with worldwide daily trades often reaching or even exceeding a level of 2 trillion dollars. That is 2 followed by 12 zero-s.
The greatest traders on this market are national governments of countries around the world, huge multinational corporations, the central banks of many countries, the richest tycoons in the world, and so forth.
And the strangest thing about all this is even you and I have a chance to make money on that market. In a minute, we shall see how.
How does forex trading work, and how do you make money off it? Well, you know how the many monetary currencies of the world rise and fall every day, and their exchange rates against each other vary regularly? That's the effect you use to make money. Suppose you buy a hundred dollars worth of Euro, when the price of Euro is not so high. Suppose you get 90 Euros for 100 dollars. However, after you buy them, the price of Euro rises, and soon 90 Euros become equivalent to (say) 110 dollars. So you sell them back and get into dollars again, only 10 dollars richer than when you started! This is the essential principle of forex trading. Child's play, isn't it?
Except that it isn't. For one thing, that was only an example. The forex market doesn't really rise or fall so sharply. Most changes are well below 1% for a single day. So if you invest 100 dollars in the morning, you aren't likely to see much more than US$1 in profits before going to bed. So given your meager capital, how are you going to make any money at all
Gone are the days when people would be satisfied with plain living and high thinking. This is an age when everyone wants to achieve high living with a little bit of plain thinking, or even better – with no thinking at all. And most of the time, it doesn't work out.
You would rather spend your time on the couch, in front of the plasma TV showing your favorite movie, with not a care in the world to disrupt your enjoyment, while someone else takes care of how to make your rich. Sounds good, eh? Really, who wouldn't want that kind of a lifestyle? But that isn't the way things happen in the real world do they?
Or maybe they do. Notice that I said it doesn't work most of the time. I didn't say it never works. For sometimes maybe it does.
What am I talking about? Is it some kind of hidden, poorly publicized, only-for-insiders, high-entry-barrier, niche type of business? For where else can this kind of thing happen with nobody knowing about it?
Not really. It isn't a niche business, no sir. Not by a far margin.
Because I'm talking about the largest market in the world. Yes, unarguably, positively, indisputably the largest. It's larger than the businesses of Microsoft, AOL and General Electric put together and then tripled. You know what I'm talking about, don't you?
Let's cut out this beating around the bush. I'm talking about foreign exchange trading, or forex trading as it is known briefly. It's a stupendously huge market, with worldwide daily trades often reaching or even exceeding a level of 2 trillion dollars. That is 2 followed by 12 zero-s.
The greatest traders on this market are national governments of countries around the world, huge multinational corporations, the central banks of many countries, the richest tycoons in the world, and so forth.
And the strangest thing about all this is even you and I have a chance to make money on that market. In a minute, we shall see how.
How does forex trading work, and how do you make money off it? Well, you know how the many monetary currencies of the world rise and fall every day, and their exchange rates against each other vary regularly? That's the effect you use to make money. Suppose you buy a hundred dollars worth of Euro, when the price of Euro is not so high. Suppose you get 90 Euros for 100 dollars. However, after you buy them, the price of Euro rises, and soon 90 Euros become equivalent to (say) 110 dollars. So you sell them back and get into dollars again, only 10 dollars richer than when you started! This is the essential principle of forex trading. Child's play, isn't it?
Except that it isn't. For one thing, that was only an example. The forex market doesn't really rise or fall so sharply. Most changes are well below 1% for a single day. So if you invest 100 dollars in the morning, you aren't likely to see much more than US$1 in profits before going to bed. So given your meager capital, how are you going to make any money at all
You would rather spend your time on the couch, in front of the plasma TV showing your favorite movie, with not a care in the world to disrupt your enjoyment, while someone else takes care of how to make your rich. Sounds good, eh? Really, who wouldn't want that kind of a lifestyle? But that isn't the way things happen in the real world do they?
Or maybe they do. Notice that I said it doesn't work most of the time. I didn't say it never works. For sometimes maybe it does.
What am I talking about? Is it some kind of hidden, poorly publicized, only-for-insiders, high-entry-barrier, niche type of business? For where else can this kind of thing happen with nobody knowing about it?
Not really. It isn't a niche business, no sir. Not by a far margin.
Because I'm talking about the largest market in the world. Yes, unarguably, positively, indisputably the largest. It's larger than the businesses of Microsoft, AOL and General Electric put together and then tripled. You know what I'm talking about, don't you?
Let's cut out this beating around the bush. I'm talking about foreign exchange trading, or forex trading as it is known briefly. It's a stupendously huge market, with worldwide daily trades often reaching or even exceeding a level of 2 trillion dollars. That is 2 followed by 12 zero-s.
The greatest traders on this market are national governments of countries around the world, huge multinational corporations, the central banks of many countries, the richest tycoons in the world, and so forth.
And the strangest thing about all this is even you and I have a chance to make money on that market. In a minute, we shall see how.
How does forex trading work, and how do you make money off it? Well, you know how the many monetary currencies of the world rise and fall every day, and their exchange rates against each other vary regularly? That's the effect you use to make money. Suppose you buy a hundred dollars worth of Euro, when the price of Euro is not so high. Suppose you get 90 Euros for 100 dollars. However, after you buy them, the price of Euro rises, and soon 90 Euros become equivalent to (say) 110 dollars. So you sell them back and get into dollars again, only 10 dollars richer than when you started! This is the essential principle of forex trading. Child's play, isn't it?
Except that it isn't. For one thing, that was only an example. The forex market doesn't really rise or fall so sharply. Most changes are well below 1% for a single day. So if you invest 100 dollars in the morning, you aren't likely to see much more than US$1 in profits before going to bed. So given your meager capital, how are you going to make any money at all
posted by zzzzzzzzzzz at
9:02 PM
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