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Foreign Currency Trading: The Joy Of Getting Rich From Foreign Currency Or Forex Trading
By Ikey Benney
Foreign trading is the most profitable and powerful way to make money today in the world.
It is a 2.5 trillion dollars daily global market and business.
For this reason the knowledge and the secrets of how to do it successfully have been kept away from the public for thousand of years.
This is because it is the jealously guarded “SECRET” of how the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas make their money and get rich.
They create vast fortunes easily trading foreign currencies.
Thereafter, using this great wealth, they create factories to manufacture consumer goods and products and hire you, Joe Bloke to work in those factories, banks and jobs at minimum wages.
So, it is no wonder why they don’t want you to know about the REAL TRUTH and “SECRET” on how to generate great wealth through foreign trading.
If you know how to trade foreign and generate $100,000 monthly for life, will you be idiotic, naïve and crazy to go to work at these DEAD END jobs to earn minimum wages and be paid nickels and dimes?
So, there has been a persistent organized campaign by the powers that be, the Money Elite to KEEP AWAY AND HIDE these “SECRETS” of creating vast wealth from foreign trading.
That is why they are always floating false propaganda and negative campaign in the mass media that trading is risky and you should not do it because you’ll lose all your money.
If you go to your bank manager or money management advisor or investment management company and tell them that you wish to make money at home from online trading, they will scream at you and try to discourage you and frighten you with the false information and half truth that it is risky and that you’ll lose your money.
This is because it is THE SECRET with which they make money and get rich!
Citibank alone makes $20 billion dollars trading currencies yearly.
Most banks, including your bank trade currencies and it is among the major ways to crate income.
It is just that they don’t advertise this secret.
George Soros, the King of forex trading makes billions of dollars yearly trading currencies!
It is reported that a few years ago, he nearly caused the government of Thailand to go bankrupt because he made so much money trading their currency!
Yes, foreign exchange trading or forex trading can be risky.
It is true, you can lose your shirt and go bankrupt.
But this is half of the truth.
The other half of the truth is that if you buy and study a good forex trading e-book guide or program and understand how it works, avoid the pitfalls and get to know the secrets of risk management and trade with discipline, you can get fabulously rich so fast it will make your head spin round and put the devil to shame.
This is why there is an organized campaign to discredit online trading.
If you get rich so fast, then you’ll not need to depend on the “Money and Power” Elites and their jobs and welfare system where they allow you nickels and dimes to keep you subjugated.
If you get rich too fast, they will no longer be able to manipulate you into voting and keeping them in power to continue milking your life by making you labor and work yourself to death making them rich.
There are so many reasons why most beginners in foreign trading fail to earn money and instead lose all their savings.
When they first hear about how easy and fast it is making money from day trading currency, they search the internet and find a forex trading broker.
Then they open a trading account and put in a few thousands of dollars in the online trading account and immediately begin to try to earn money from online trading.
And they get entangled in all the foreign trading sophisticated strategies and systems of technical and fundamental analysis such as reading “Forex charts”, “Moving Averages”, “Elliot wave”, “Stochastics”, “Bollinger bands”, “Directional movement index”, “Trend and Oscillator indicators”, “Fibonacci retracements and others.
They spend all day and night listening to business news on radio, reading forex newsletters, forex articles in magazines and watching business news on TV
These beginners don’t take their time to buy a valid online trading e-book guide to study and understand the forex market and the trading “SECRETS” before they begin trading.
They don’t open the free demo trial forex trading account to practice for free to develop viable profitable trading skills first before they open a paid forex trading account to begin trading and making real money.
They make the fatal and dumb mistake of trying to fly in the world of foreign trading market before they learn how to crawl.
So, they get confused, make grievous foreign currencies trading errors and lose their money.
When they lose their money, they will not accept responsibility because that is the difficult part.
The easy thing to do is to blame their mistakes on online trading and to declare and gripe that it is risky and a scam designed to con the unsuspecting public.
This gives them the justification to begin filing false complaints and instigating legal action with the lame excuse that they were naïve and didn’t know the risk involved and so have been ripped off.
The truth is that there are at least one million people around the world who have foreign trading skills and do it well to make millions of dollars monthly!
Yes, sometimes they will lose.
But most of the time they are fabulously profitable.
I once read about a taxi cab driver from New York who started trading foreign currencies about 10 yrs ago.
While driving his taxi cab, occasionally during his lunch break, he will log into his forex trading account and enter a few trades.
By the end of his driving day shift, he would check his online trading account and was always surprised to find that for a few minutes of trading currencies, he had made more money that day in minutes than he made driving the cab for a whole month.
This encouraged him to stop driving the taxi cab and to begin trading currencies full time.
In 10 years, he made $4 billion dollars ($4,000,000,000) trading foreign currencies online and was listed in Forbes Magazine’s 400 richest Americans!
He is just one out of the many average people all over the world who took the time to study online trading, understood it and trade it correctly and are making millions of dollars without any hard work.
You too can do the same.
It is simple.
If you can click your mouse once to buy the and in a few minutes click your mouse a second time to sell them, you can make money.
It is a no brainer. Even a caveman can do it!
So, foreign trading is not difficult to understand or to do like stock or bond or commodity trading.
If you know where to get a good and valid forex trading guide or e-book and be patient to spend 1 hr daily to study it to understand the foreign trading market, how to click your mouse to buy and sell the currency; and if you will be patient to do the free demo trial for a few months before you open a paid forex trading account to begin trading, you can get obscenely and insanely rich so fast, it will make your eyes want to pop out, seeing all the piles of cash you generate just by clicking your mouse twice for a few minutes daily!
One powerful secret that will help you as a beginner is to avoid hiring money managers at the beginning to trade currencies for you.
The reason is that 90% of these money managers who advertise with highly impressive websites and brochures and also in TV infomercials and radios and seminars are fraudulent.
When you hire them to trade for you, they will over trade your account (churning) so as to generate a lot of trading fees for themselves because whether they make money for you or not, you must pay them their fees.
The more they trade your account, the more fees they generate for themselves!
By over trading your forex account, they expose it to massive risk which will eventually lead you to lose a lot of money.
This is because there are certain days and times which are profitable to trade and there are some days and times which are not.
Therefore by over trading (churning) your trading account, they get rich at your expense.
Plus, some of them will even use some profits they generated from trading your account to trade for themselves and make themselves rich without you knowing what is going on.
As if that is not bad enough, some will entice you to trade on margin. This means that they will loan you money to trade.
But the trick is that they are loaning you digital money which is created from the air and has no value.
All they do is go to your account and enter any amount of money they wish to loan you. (They don’t actually put real money into your trading account!)
This is not real money because it is just digital artificial numbers.
But if you use this fake funny digital money to trade and lose, then you’ll owe them real money!
You’ll be required to pay them with real money!
And if you fail to pay them, they can freeze your bank accounts, assets and homes to collect the debt.
This is how most of these brokers get rich at the expense of naïve beginners in
Forex Flash: EUR/USD may rally to 1.3500 on Greek debt deal - BNP Paribas
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<a href="http://www.fxstreet.com/news/forex-news/article.aspx?storyid=a9d13009-a4ba-499f-9fff-c4e5f7c17bec" style="font-size:1.2em">Forex Flash: EUR/USD may rally to 1.3500 on Greek debt deal - BNP Paribas</a>
<br> <span style="color:#888888;">FXstreet.com</span> - <span style="white-space:nowrap">2 hours ago </span>
<div style="width:80%;">FXstreet.com (Barcelona) - The Euro has largely priced in an almost done agreement on an aid package for Greece, says Rob Ryan, G10 currency strategist at BNP Paribas.</div>
</div>
EUR/USD: Trading The European Central Bank Interest Rate Decision
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<a href="http://www.thestreet.com/story/11409181/1/eurusd-trading-the-european-central-bank-interest-rate-decision.html" style="font-size:1.2em">EUR/USD: Trading The European Central Bank Interest Rate Decision</a>
<br> <span style="color:#888888;">TheStreet.com</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">By DailyFX 02/08/12 - 04:10 PM EST By David Song, Currency AnalystMichael Boutros, Currency Strategist Although the European Central Bank is widely expected to keep the benchmark interest rate at 1.00%, the policy statement accompanying the rate ...</div>
<a href="http://wallstreetpit.com/89368-fed-to-devalue-dollar-by-33">Fed to Devalue Dollar by 33%?</a> - <span style="color:#888888">Wall Street Pit</span><br>
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Euro Complacent After European Troika Releases Draft
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<a href="http://www.thestreet.com/story/11409120/1/euro-complacent-after-european-troika-releases-draft.html" style="font-size:1.2em">Euro Complacent After European Troika Releases Draft</a>
<br> <span style="color:#888888;">TheStreet.com</span> - <span style="white-space:nowrap">6 hours ago </span>
<div style="width:80%;">By DailyFX 02/08/12 - 03:27 PM EST By Christopher Vecchio, Currency Analyst After days of intense negotiations, the European Troika finally released their draft of what they are demanding of Greece, in order for the country to receive additional ...</div>
<a href="http://seekingalpha.com/article/350731-no-euro-freeze-just-a-squeeze">No EURO Freeze, Just A Squeeze</a> - <span style="color:#888888">Seeking Alpha</span><br>
<a href="http://www.reuters.com/article/2012/02/08/us-markets-forex-idUSTRE80S0RY20120208">Euro edges lower as Greek talks transfix</a> - <span style="color:#888888">Reuters</span><br>
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Dollar Stuck At 2-Month Lows Despite No Resolution For Greece
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<a href="http://www.nasdaq.com/article/dollar-stuck-at-2-month-lows-despite-no-resolution-for-greece-20120208-01341" style="font-size:1.2em">Dollar Stuck At 2-Month Lows Despite No Resolution For Greece</a>
<br> <span style="color:#888888;">NASDAQ</span> - <span style="white-space:nowrap">7 hours ago </span>
<div style="width:80%;">(RTTNews.com) - The dollar was generally weaker versus other major currencies on Wednesday, as Greece struggled to pass austerity measures that may trigger relief funds from its neighbors and the IMF.</div>
<a href="http://www.reuters.com/article/2012/02/07/greece-tbills-idUSL5E8D724720120207">Greece sells 812 mln euros of T-bills, yield eases</a> - <span style="color:#888888">Reuters</span><br>
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Banks' Addiction to ECB Cash May Stymie Bond Sales: Euro Credit
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<a href="http://www.businessweek.com/news/2012-02-08/banks-addiction-to-ecb-cash-may-stymie-bond-sales-euro-credit.html" style="font-size:1.2em">Banks' Addiction to ECB Cash May Stymie Bond Sales: Euro Credit</a>
<br> <span style="color:#888888;">BusinessWeek</span> - <span style="white-space:nowrap">10 hours ago </span>
<div style="width:80%;">By John Glover Feb. 8 (Bloomberg) -- The European Central Bank may be making it harder for the region's banks to revive bond sales by giving them access to unlimited cheap cash.</div>
<a href="http://www.bloomberg.com/news/2012-02-08/bank-addiction-to-ecb-cash-may-stymie-bond-sales.html">Banks' Addiction to Cheap ECB Financing May Stymie Bond Sales: Euro Credit</a> - <span style="color:#888888">Bloomberg</span><br>
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The euro question has been answered
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<a href="http://www.moneyweek.com/online-trading/spread-betting/sb-blog/spread-betting-The-euro-question-has-been-answered-20600" style="font-size:1.2em">The euro question has been answered</a>
<br> <span style="color:#888888;">MoneyWeek (blog)</span> - <span style="white-space:nowrap">11 hours ago </span>
<div style="width:80%;">First, I don't know whether you saw it, but there was a dramatic move in the EUR/USD yesterday. We'll look at the charts in a moment.</div>
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Wednesday Worries: Yentervention, Euro Style
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<a href="http://seekingalpha.com/article/350111-wednesday-worries-yentervention-euro-style" style="font-size:1.2em">Wednesday Worries: Yentervention, Euro Style</a>
<br> <span style="color:#888888;">Seeking Alpha</span> - <span style="white-space:nowrap">11 hours ago </span>
<div style="width:80%;">The yen finally got back to 77 and EUR/CHF back to 1.21 so my theory that the BOJ has given up on the dollar and moved to boosting the euro is playing out nicely.</div>
</div>
Choppy EUR/USD tests range top but stalls
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<a href="http://www.forexlive.com/blog/2012/02/08/choppy-eurusd-tests-range-top-but-stalls/" style="font-size:1.2em">Choppy EUR/USD tests range top but stalls</a>
<br> <span style="color:#888888;">ForexLive (blog)</span> - <span style="white-space:nowrap">11 hours ago </span>
<div style="width:80%;">By Jamie Coleman || February 8, 2012 at 15:30 GMT Nothing particularly bullish on the wires in the last half-hour to spur the euro rally but we pretty much traded the US range in about 40 minutes.</div>
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Euro Rally At Risk, Sterling To Falter On More QE
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<a href="http://www.thestreet.com/story/11408158/1/euro-rally-at-risk-sterling-to-falter-on-more-qe.html" style="font-size:1.2em">Euro Rally At Risk, Sterling To Falter On More QE</a>
<br> <span style="color:#888888;">TheStreet.com</span> - <span style="white-space:nowrap">12 hours ago </span>
<div style="width:80%;">By DailyFX 02/08/12 - 09:35 AM EST By David Song, Currency Analyst The Euro climbed to an overnight high of 1.3287 as European policy makers prepare to release the EUR 130B rescue package for Greece, and the single currency may appreciate further ...</div>
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CFR uses EUR 500 mln for railway modernization
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<a href="http://business-review.ro/news/cfr-uses-eur-500-mln-for-railway-modernization/13316/" style="font-size:1.2em">CFR uses EUR 500 mln for railway modernization</a>
<br> <span style="color:#888888;">Business Review</span> - <span style="white-space:nowrap">13 hours ago </span>
<div style="width:80%;">National railway operator CFR will modernize the railway infrastructure using nonreimbursable funds from the EU totaling EUR 479 million.</div>
<a href="http://www.romania-insider.com/romania-revamps-railways-and-train-stations-with-eur-500-mln/48388/">Romania revamps railways and train stations with EUR 500 mln</a> - <span style="color:#888888">Romania-Insider.com</span><br>
<a href="http://www.thediplomat.ro/articol.php?id=2565">CFR has signed contracts worth EUR 479 million for modernization of railway <b>...</b></a> - <span style="color:#888888">The Diplomat Bucharest</span><br>
</div>
online foreign trading.
So, if you’re a beginner, avoid hiring money managers to trade for you at the beginning. Stay away from managed trading.
Instead learn to trade and after you have made at least $500,000, contact us to give you the list of the best and honest money managers in the world (as well as the best forecasting services) who can trade for you and make you richer.
There is another fraud which some money managers perpetrate.
After you open a paid online trading account and put in thousands of dollars in there for them to trade for you, they use your money to trade for themselves.
Then they use a computer software to generate a fake forex trading account statement for your forex trading account which will show that you’ve lost money.
There is no way most people will find out, because you can’t access their trading activities.
And sometimes even when you find a honest and reputable money manager to trade for you, when your account becomes profitable and you request to withdraw some of the money, they will begin to give you a run around, excuses and try to discourage you from withdrawing the money.
If you persist, you’ll find out that suddenly your account will begin to lose money because they have softwares to manipulate it and generate dubious account statements to make seem as if you’ve been losing money!
Above all, most beginners in forex trading fail to earn money because they spend too much time in doing complicated forex mathematics, reading charts, listening to business news on radio, TV and reading too many forex newsletters and magazine articles, which are conflicting, confusing, time consuming and counter productive.
They spend so much time over stuffing themselves with forex trading news and information that they become constipated with information and overwhelmed and so have little or no time to actually click their mouse to buy and sell the currencies and make money.
Most beginners also are unable to find and use a good trading system and software.
Some of them are even conned into buying outrageously expensive trading softwares and system for $4000 from some companies who advertise on TV infomercials late at nights.
They don’t that they can get the same forex trading system and softwares for free online at the websites of some forex trading companies!
These $4000 softwares are not for beginners and when we checked them out, we found they are complicated and not easy to use.
Infact after you manage to master how to use it, they will not help you to make more money!
So, it is not wise squandering your hard earned $4000 to buy them.
If these over priced worthless forex trading softwares work as they are advertised in seminars and infomercial, the companies will not be selling them.
Instead they will keep them secret and use them to make billions of dollars.
If you wake up tomorrow and discover you have a goldmine underneath your house, will you go out and advertise in TV infomercials and radios and seminars to sell your house for $4000???
The truth is that most of these infomercial advertising forex companies don’t really trade currencies. They are just sales people. Shysters. Tricksters.
They make their money by peddling worthless forex trading softwares to the naïve beginners for $4000.
When you check one of these companies out (one of them has the audacity to call their worthless software “Forex Made Easy”), you’ll discover that the CEO of this company actually admitted that not only that he does NOT use his $4000 software to trade but he knows nothing about trading currencies!
He only lends his name to his company to use to market their worthless foreign trading software.
The company’s pitchman who conducts the seminar is a sales man and he also doesn’t trade currencies because he had committed fraud in the past and was barred from trading commodities.
While the CEO of the company runs infomercial and seminars peddling worthless forex trading software for $4000, he doesn’t use it and doesn’t trade currencies.
Instead he hired a money manager who trades the currencies for him!
So, if you’re a beginner who desires to get rich fast from trading, you must know these insiders’ “SECRETS” of trading market and the pitfalls and how to avoid all the fraudulent companies peddling worthless forex trading e-books, books, softwares, systems and complicated trading strategies.
There are millions of them.
Beware because they are smooth operators who are very skilled in salesmanship and who can easily dazzle you with their big refined nonsensical English and so con you.
There are billions of dollars to be made in foreign trading and you can get abundantly rich trading these currencies online from home or office starting small.
But you must locate and buy a valid foreign trading e-book guide.
You must study it and understand it.
You must try the free demo account trading and do well in it before you can open a paid forex trading account to actually begin making real money.
You must begin by trading only one or two currencies at the beginning.
With time as you acquire more skills, you may trade more currencies.
You must learn how to trade with discipline and learn the BEST DAYS AND HRS to trade to be profitable and the other times when YOU MUST NOT TRADE to avoid losing money.
You must know how to “go long” or “short” on a currency, how to enter “Market Order”, “Limit Order”, “Stop Order”, “OCO order” and “Entry Order”.
If your learn how to do Online trading hedging, it will help you to maximize your profits.
You must be disciplined and avoid emotional trading.
When you make a reasonable amount of money for the day, stop trading because you can’t be profitable at all times of the day and if you don’t stop and take your profit, you may end up losing all the money you made.
Above all don’t open a paid day trading account and trade until you have done the free trial demo account trading for a few months and mastered it.
At the beginning, keep your trading strategies simple.
Avoid complications and advanced trading strategies of technical and fundamental analysis because these are the reasons why 90% of beginners lose money.
Use a simple trading strategy to get rich at the beginning.
Afterwards you may then take advanced forex trading courses and do technical, fundamental analysis and use forecasting services to make even more profits and get richer, making millions of dollars effortlessly.
If you’re serious in learning all the insiders’ “SECRETS” about how to make millions of dollars trading foreign currencies online, without selling your soul to the devil and without losing your shirt, you must get our powerful trading e-book which reveals a very simple and yet profitable and powerful trading strategy which is guaranteed to make you $100,000 monthly for life from home or office.
You can learn and get rich from the jealously guarded foreign trading “SECRETS” of the “Money and Power” Elites, the multi-national and multi-billion dollars corporations, largest banks and governments of the world, the “Movers & Shakers” of International Banking & Finance, Business moguls & Tycoons, CEOs of major Corporations, secret societies and the privileged blue bloodlines of the Wealthiest Families of Europe and the Americas.
With the millions of dollars which you make from foreign trading, you’ll be free like a bird to buy a mansion, with the most lavish and expensive furnishings, jewelry, antiques, electronics, a 50ft yacht, dream luxury cars, pick your choice: Lexus X470, $44,000 Jaguar 2007 S type, Silver Porsche Carrera, $180,000 Ferrari Testarossa, Mercedes 2007 Model S Class, 2007 Rolls Royce Silver Seraph, Bentley Mulsanne S, $220,000 Bentley Arnage Silver Tempest or a flaming red Lamborghini Jalpa!
You can make all your dreams in life to come true, without any hard work!
May these insights into foreign online investing, foreign trading program, investing online, forex trading, day trading, online trading e-book, day trading online, day trading system, day trading course, day trading future, forex day trading, day trading book, day trading firm, day trading training, day trading, online future trading, online trading, online forex trading, online commodity trading, online trading system, forex online trading, online trading course, online trading education, trading, online trading investing, forex, forex trading, forex broker, forex market, forex trading system, forex news, forex trader, forex signal, forex trading, online forex, trade forex, forex quote, forex education help you make millions of dollars and to achieve your life’s ambitions and dreams.
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This article is copyrighted and you may publish this article at your website, in your e-zine (newsletter, blogs) or send it to a friend as long as you retain the author’s resources box, including the website address., and refrain from altering the content or using it in any re-direction manipulation scheme.
If you don’t agree to these conditions, please don’t copy and use this article.
Anyone who violates this condition will be subject to legal action and payment of damages for violation of our copyrights.
Thank you.
Ikey Benney Ikey is the creator of Mscsrrr Millionaire $100,000 monthly Foreign Trading e-book Guide foreign trading program www.mscsrrr.com
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