My book is now available on Amazon
Welcome to forexmoneymomentum
Can your income change your outlook on life? You bet it can!
You don't have to struggle......Just learn how to trade successfully!
Stop in for coffee and conversation at the Clam Lake Brewery in Cadillac 9am Tuesdays
or Contact us for a free no obligation "Trading to win BIG strategy session".....
Learn from "The forex specialist"
My new book "Forex money momentum" is now available on Amazon - Kindle edition
You don't have to struggle......Just learn how to trade successfully!
Stop in for coffee and conversation at the Clam Lake Brewery in Cadillac 9am Tuesdays
or Contact us for a free no obligation "Trading to win BIG strategy session".....
Learn from "The forex specialist"
My new book "Forex money momentum" is now available on Amazon - Kindle edition
Please consider this an open letter to anyone thinking about starting, buying, or otherwise getting into their own business. As a conventional business owner with employees for many years, I know the time, effort and dedication that it takes to make a business successful. The cost of starting a business is high, especially if you are considering a franchise or perhaps a restaurant or just about any type endeavor. A big thing to think about is the high percentage of business failures.
Why do we do it? We want to be able to generate a good income, have a nice home, take care of our families, and have all of the perks that come from being a success. In reality that can happen, but often doesn’t. Trading is a business! Trading is far less expensive to get started in than any other that I can think of. Oanda, the broker that I like to use has no minimum to open an account. The analogy that I like to use is: when I enter a trade, my position is my employee. I keep an eye on him/her and if I don’t like what he’s doing I just “fire” him. If I like what he’s doing I will keep him. I just send my little workers out every day to do a job for me. I consider losing positions the overhead that all business have. Money management is a very big and important part of any business, including your trading business, as such we never take on more than a 1% risk with any trade.
So unless we deem the odds of a potential trade to be big in our favor than we have no business being in the trade. “Reading” Forex charts takes some practice, but as you learn what to watch and look for, it is surprising how obvious patterns, trends, and areas on charts jump right out at you. Please look over our website and feel free to contact either myself or Skip and we would be happy to address any questions or concerns that you may have.
Sincerely,
Denny
I think everyone should learn to trade....... and you will think so too!
Remember.......Currencies trade in an independent market that are not driven by stocks and bonds........that could make you richer even if every equity market on earth crashed and burned!
Why do we do it? We want to be able to generate a good income, have a nice home, take care of our families, and have all of the perks that come from being a success. In reality that can happen, but often doesn’t. Trading is a business! Trading is far less expensive to get started in than any other that I can think of. Oanda, the broker that I like to use has no minimum to open an account. The analogy that I like to use is: when I enter a trade, my position is my employee. I keep an eye on him/her and if I don’t like what he’s doing I just “fire” him. If I like what he’s doing I will keep him. I just send my little workers out every day to do a job for me. I consider losing positions the overhead that all business have. Money management is a very big and important part of any business, including your trading business, as such we never take on more than a 1% risk with any trade.
So unless we deem the odds of a potential trade to be big in our favor than we have no business being in the trade. “Reading” Forex charts takes some practice, but as you learn what to watch and look for, it is surprising how obvious patterns, trends, and areas on charts jump right out at you. Please look over our website and feel free to contact either myself or Skip and we would be happy to address any questions or concerns that you may have.
Sincerely,
Denny
I think everyone should learn to trade....... and you will think so too!
Remember.......Currencies trade in an independent market that are not driven by stocks and bonds........that could make you richer even if every equity market on earth crashed and burned!
|
Online Forex trading has become very popular in the past decade because it offers traders several advantages:
Forex never sleeps Trading goes on all around the world during different countries’ business hours. You can, therefore, trade major currencies at any time, 24 hours per day. Since there are no set exchange hours, it means that there is also something happening at almost any time of the day or night. Go long or short Unlike many other financial markets, where it can be difficult to sell short, there are no limitations on shorting currencies. If you think a currency will go up, buy it. If you think it will fall, sell it. This means there is no such thing as a “bear market” in Forex- you can make (or lose) money any time. International exposure becomes more and more global, investors hunt for opportunities anywhere they can. If you want to take a broad opinion and invest in another country (or sell short!), Forex is an easy way to gain exposure while avoiding vagaries such as foreign securities laws and financial statements in other languages. Money momentum fee schedule: Fifteen hundred dollars gets you the training needed to understand where price is most likely to go next. What you will learn is not a system, but a strategy to create income. Creative financing is available for those that request it. MISSION STATEMENT: We take what we do very seriously and our mission is to insure that every client we work with has a positive and productive learning experience. To give you the tools needed to become a self-sufficient independent trader. |
Low trading costs
Most Forex accounts trade without a commission and there are no expensive exchange fees or data licenses. The cost of trading is the spread between the buy price and the sell price, which is always displayed on your trading screen. Unmatched liquidity Because Forex is a $4 trillion a day market, with most trading concentrated in only a few currencies, there are always a lot of people trading. This makes it typically very easy to get into and out of trades at any time, even in large sizes. Available leverage Because of the deep liquidity available in the Forex market, you can trade Forex with considerable leverage (up to 50:1). This can allow you to take advantage of even the smallest moves in the market. Leverage is a double-edge sword, of course, as it can significantly increase your losses as well as your gains. 
|