Forex Trading
There’s a sucker born every minute
By now, each and every one of us has been exposed to the nonstop publications on the media and the Internet of the new patent which gives us the ability to end our 9 to 5 jobs, and make a lot of money from the comfort of our own homes. All of this without any special effort, and with a minimal investment.
There is also a name to this new patent – Forex.
First, let me explain what Forex is.
The term Forex really means trading in foreign currency.
In other words, Forex is the activity of exchanging one currency with another currency.
And all of this for what reason?
In order to profit from the changes in the exchange rate.
The changes can be for weeks, days or minutes.
For example, if we think or believe (all is in the eyes of the beholder) that the dollar will go up against the euro, then we act accordingly.
The action – we take 1000 euros, and buy dollars with them. When the dollar rate goes up, the dollars we bought will be worth more than the 1000 euros we sold in order to buy the dollars, and consequently we are in profit.
Problem – but there is a small problem, the rate differences that we will earn from the tiny sum we invested will not enable us to stop working. If all goes well it will finance (if we will guess correctly which currency will go up, and which will go down) the public transportation we take for work on that given month.
Thus, we need big money to invest in the currency we believe will go up.
This is where the wolves wait for us – all those Forex companies that give us false promises, such as, trade from home 24 hours a day.
Another candy, which is as dangerous or even more dangerous, is leverage.
And what does leverage means? (Indisputably a pretty word).
Very simply, you want to make big money and it’s perfectly natural, especially that you dream to stop working, and like we all learned in school that you make big money (not only, but also) with big money, but we don’t have big money, and if we have some we are afraid of losing it.
And to this mental niche enter the Forex companies which tell you that your money problem is a thing of the past that has been solved once you met them, and from now on you can forget your money problems.
They say: “We will give you the big money, and you will come to trade with us (or through us) with the “small money” that you have got, and we will leverage it to you fiftyfold, hundredfold, or two hundredfold and more, from the money value you have in your pocket.
For example, you will trade with your $1000, and we will leverage your $1000 fiftyfold, so in actuality you are really trading with $50,000 that you don’t have, and doesn’t belong to you.
And if you will guess 100% right the currency shifts you will get $500 into your pocket, instead of the $10 that you should have got if you would only invested the $1000.
All this because of the leverage they gave you, and to show credibility that companies continue on saying that if you were wrong (god forbid) and you betted on the wrong horse, and in reality the tendency is opposite, you will not lose $50,000. You can’t actually lose more than you bought from home.
Sounds too pretty, and too simple.
No need to explain that quite a few people fall in the net, and say to themselves: “why not? On one hand I can’t lose more than I brought, and on the other hand, the company is leveraging me on big sums, and if I will guess correctly the sky is the limit.
What is sad about the whole story is that people don’t understand that especially high leverage is the root of the problem. The higher the leverage is the faster your money will vanish.
For example, a person is investing $1000, and the company leveraging him fiftyfold, a 2% decrease from the exchange rate he betted on, and he can say goodbye, and don’t bother to come back, to his entire personal investment, because the 2% comes down from the entire $50,000, and not from the $1000 that he brought.
The higher the leverage of the company is, the smaller percentages decline will need to annul your money, and if after all I have said you still want to invest your money – this is not the place.
And if you already reached this place, stay away from leveraging.
In other words, if you want to make money – go to work.
The Right, And Fast Way To An Intelligent Economic Independence Is Certainly Not A Dream, It’s Possible
The Road to the Second Million was written from an intense urge to share, if even for a little bit, the personal frustration that I have gone through on my way to the top, and if I will be successful in making all or some of the readers succeed financially then success will be for all of us.
The power of this book is in its authenticity, and the simplicity in which the content is presented.
Every day I am getting comments from readers all around the world regarding the book, and it so happens to be that each reader is affected by the book on a personal level.
To some of the readers the book has awakened memories that were better left forgotten, and to the other part the book has risen a smile from ear to ear, but there was one common denominator to all, which was – why hasn’t the book been published earlier, and from all the reasons that I had to publish the book this was the winning argument.
I could quote endless heartwarming letters of readers who discovered the light at the end of the tunnel after reading the book, The Road to the Second Million, but this is not the goal here.
The Facts of Life
There is no need to be an expert of success to do well in business, and reach the wishful goal.
Success is right in front of our eyes, and we simply don’t see it.
By taking small consistent steps we will know to reach out, and touch it.
The Race around the Tail
This is exactly what we usually do, run across our tail…
The Road to the Second Million shows us how to catch the tail without wasting most of our time and money in redundant rotations.
Nobody is mistakes free, and on a major scale, mistakes are a human thing.
The Road to the Second Million opens our eyes, and shows us the mistakes and barriers that exist in our path one step before we bump into them, and this is half the way to success.
The Main Question
The question which usually repeats itself is:
Do I also have a chance to be successful?
I always have the same answer for my readers, and it’s unequivocal.
Everyone has a chance to be successful; it all depends on us, and only us.
The Road to the Second Million threw us the gauntlet, tools, and direction. All we need is to take up the gauntlet, and from there the road is short.
The Conclusion
Put yourself a goal, and pursue it with your all your force one step at a time, and always take the straight and honest path because eventually it is the right most secure path, and don’t look for shortcuts.
I am all hope that ‘The Road to the Second Million’ will escort you, and give you the key to success.
To learn more click on the following link:
The Economic Crisis Is It Good Or Bad For Us?
Have you fallen?
It is not the end of the world.
All the chances are that it’s the beginning of something better.
It’s clearly not the end of the world; maybe you will be surprised to find out to what extent this fall has pushed you forward.
But it is all depends on you, and only on you, and if you learned something from this fall, so you are already midway, and if you understand that this present pullback in your status is only a lost in the current fight, but in no way a lost in the battle, then you have moved 10 percent towards getting out of the crisis.
Let’s start from the beginning, and let’s talk freely. Let us put all our cards on the table.
How did we reach this situation? How did we reach a situation that the minus we have in the bank is growing, and how did we reach a situation that our credit card is not honored?
How did we reach a situation that the bank is sending us foreclosure notices, and worse of all our relatives, more precisely those we thought all these years to be our best friends, ignore us indeed politely, are taking a step back?
Maybe they think it is contagious, maybe they are afraid that we will ask them for a loan, I don’t know what the reason Is, what I do know is that overnight we and them are in the same league , they are not capable of looking us straight in the eyes, they do keep saying in every occasion that nothing really happened, and money comes and money goes, and that all human beings have been created equal.
But you are not stupid, you feel what they don’t say, and this manifests in their day to day activity – that indeed all human beings were created equal, but what can they do, they were created more equal.
I know, and you know that this pattern of thought is disgusting, but I also know that you know that unfortunately this is the case, and we also know that we shouldn’t cry over spilled milk.
The right thing that left for us to do is to get out of the situation that we got ourselves into, and we must say the truth, without any outside help.
So, with your permission, let’s get back to the beginning.
How did we get to this situation?
It didn’t happen overnight; we didn’t wake up in the morning, and find ourselves at the bottom of the ladder.
We have gone through a process during the last years, a process of denying the future.
As we saw it, the future didn’t exist. There was only the present, and we were living the moment, and after the rain, the fact that history repeats itself is not my invention.
Every one of us knows, some more some less that in life there are ups and downs, and this fact is true in all roads of life, in politics / economics / etc.
There are some things in life that are beyond our control.
In politics the leaders are dictating the pace, and in most cases the pace is crummy, and also the result.
But, we, the little people, have no real power. With all things relates to the weather our power is even weaker, in best case scenario, we can replace the leaking roof before the storm, and this doesn’t always help either.
But, with everything related to economy, I would divide the subject into two parts, the first part looks more or less like the weather and politics, meaning, we don’t control what’s going on, and the best example is the recent economic crisis that we are going through, everyone is fooling us, and we say thank you.
The banks first, and also, very passionately, the credit card companies and the government.
But what can we do, we are too small, and too weak to deal with dinosaurs.
On the second part, that in my opinion is the important part of the story, I blame only us; we pay the price of our greediness, our irresponsibility, and our big eyes.
If you recall, at the beginning of our conversation we decided on putting the cards on the table, not to smear or hide anything.
I know that it is the easiest thing to blame the government, the banks, virtually the whole world besides ourselves.
I have decided to share with you an incident, which is among many others, of a family that got itself into a very hard economical situation, a family that was seemingly at the top of the world.
The reason that I say seemingly is very simple, they weren’t at the top of the world, they just put this thought in their head, but unfortunately they were living in an illusion (I am using the real surname of the family, after I got their approval for this post).
The Stone Family, a very nice four soul’s family. The stone’s couple, the daughter Suzanne, the son Steve, and the dog Black have leaved happily 14 years on a monthly rent of $1450 a month, in a four room apartment in Teaneck in the state of New-Jersey.
Mr. Stone is a hard working man have been working at the local mall from 9:00 am to 17:00 pm, and his weekly salary is $650.
Mrs. Stone is a nice lady who has been working at the local kindergarten as a kindergarten teacher assistant from 9 am to 14:00 pm, and her weekly salary is $350.
Mr. Stone and Mrs. Stone total monthly income is $4000.
The total salary of the Stone’s couple isn’t ranked at the top, but with this salary a family can live with dignity, and this is what actually happened in the last fourteen years.
Until one morning (and here I quote Mrs. Stone word by word.)
I woke up on the wrong side of the bed, and in breakfast I told my husband: “John, I was thinking all night about our apartment, and I have come to a conclusion that time has come for us to buy a house of our own. What are your thoughts on this matter?
John answered immediately that the idea is not so bad, but to his great sorrow he doesn’t see any financial way to make it happen.
I would add, and say that in doing a rough calculation on our incomes and general expenses, that we are not left with over $250 a month.
I told John that in my place of work works a woman that her economical status is familiar to ours, and she told me that she and her husband had no problem to get a mortgage from the bank to buy the house that they bought three months ago.
And the same friend added that one needs to be a fool not to take the mortgage, and the proof is that since they bought the house, three months ago, house prices at the same area have risen for at least ten percent.
I must point out that it was not easy to convince a conservative person such as John. John was too much realistic, think before act kind of guy, compares to me. I would first of all act, and then think about my actions. Which usually results in a mistake, but what can I do – it’s me.
In this case, I was successful in convincing John, and two days after the conversation we had we were sitting in front of the bank’s mortgage clerk.
The conversation was conducted more or less like this:
Clerk: What price you are willing to invest in the house?
Our answer: $380,000
Clerk: How much money do you have for the initial payment?
Our Answer: a few seconds silence.
John is looking at me, and I am looking at John, we have waited for this question. We knew that this question will come in a certain phase in the conversation, these are bank’s rules.
But, according to the information that we received the questions are for protocol only.
Our answer (in certain shyness): we don’t have the initial payment to give.
After an additional 20 minutes conversation with the bank’s clerk on generals topics, such as:
What do you for living?
What is your salary?
How many people are living in the house?
In which address sets the house that you want to buy, etc..
The clerk raised his head from his paperwork and said: “Mr. and Mrs. Stone, I don’t see any reason why the bank won’t give you a mortgage to buy the house.
Indeed, there are a few small problems, but they are only technical, and thus solvable.
For instance, the bank can’t give you the entire amount of what the house is worth, and thus we will direct you to another bank to get the missing amount for addition to what you will receive from our bank.
Indeed the interest on the second mortgage, of the missing amount, is higher, but it’s not significant.
The million dollar question, that the clerk had to ask but for reasons that are well guarded by the bank didn’t, John asked me right after we had left the clerk’s office.
I think you completely lost your marbles, according to the clerk’s calculations we will owe a monthly return of $3,700, and our total monthly income of $4,000.
Maybe you can explain to me how we are going to pull it off?
And me with my broad economical experience explained to John that we need to hold on to the hourse for no more than a few months, and during the three to six month period sell it for tens of thousands of dollars of profit, not complicated even very simple.
I know John for quite a few years, and I saw it in his face that this all story is not to his liking, something in it just didn’t settle with his logic.
After a few additional conversations with John, during the month, I was able to convince him to sign the paperwork, and the deal gone on the way.
Months after we bought the house, the economical crisis burst, and the houses prices declined massively, and it obvious to you that we couldn’t pay the mortgage, and selling the house in the price we initially bought it is now sounds funny.
The bank foreclosed the house, and put the Stone Family with their two children on the street.
Now, you tell me who’s to blame?
The Stone Family with their big eyes?
The bank, which has put the family into an unpredicted state that they can’t deal with?
Or the government which had let the banks go crazy without any supervision.
Generally speaking, what good will it bring us if we find the ones blame, the most important thing is – did we learn anything from all the tragedy that families have experienced, if not, we are really in a problem, but if we did, then we have a pretty good chance to get out of the crisis.
Want to OPEN a Business and Make Money? A SMALL Idea, a BIG ambition, a Huge Faith
It has to start with a small idea, a big ambition, and a huge faith.
How does it really start?
Well, the subject doesn’t have to be as important as the big bang.
For the regular guy, to start a new business of any kind it is something which he is not familiar with.
It’s the beginning of taking the kind of chances that he was not use to take before, it’s the start of adulthood really.
To open a business of my own, is a subject which is burning in my bones, and I know that I can’t make any excuses, but to materialize the dream which doesn’t let me sleep, eat, and think clearly.
You see, in one way or another, this is our global dream – Independence.
To be independent, and not dependent.
So, for god sake, what is it that stops us?
Some of us are reaching the yard’s gate, stop, and turn back.
Others are taking a step further, open the gate, get inside, reach the well, and try to drink.
When I say try, and not say drink, it’s from the simple reason that sometimes there is water, and sometimes the well is empty, what can one do? That’s life.
But no one of us is naïve; we know very well the truth what makes us fearful.
A black hole, this is what frighten us, the fear of been drawn in, the fear of falling into the unknown.
But,ladies and gentlemen isn’t this a natural phenomena?
Fear is a natural state, and maybe even healthy, and I can’t but feel sorry for a person who is not afraid from time to time.
But, fear needs to signal us on mines along the road, not to make us freeze on the spot.
And for this specific reason I started the article with the words: “it has to start with a small idea, a big ambition, and a huge faith.”
A small idea – without this there isn’t the spark, and without the craving for an idea there isn’t an ambition, and without a huge faith in myself, a faith in the road I have decided to take, a faith in my abilities then there is no ambition, and if there is no ambition, the idea drops, this is really the basis for everything.
And even if I do have this ‘triangle’ it still doesn’t give me any guaranties that I will ultimately be successful.
But, ladies and gentlemen, if I don’t have this ‘triangle’ nothing is wrong, but it’s time to start thinking about other directions in life.
Confession – when I write an article, and it doesn’t matter on which subject, I treat the written word in the appropriate seriousness, because I truly respect the anonymous people that I do not know, but who read the articles that I publish.
From time to time I ask myself the question:
Do what I write, or the way I write it, make people feel a certain demoralization?
Maybe they were more optimistic, and saw the picture in much brighter colors, before they read my article, and maybe my article has darkened their outlook on life.
Thus, I decided on a strategic decision to sweeten the pill.
At the end of each and every one of my articles I will share with you a funny joke that my good friends have told me.
If I enjoyed from it why wouldn’t I share it with my readers.
The Joke – one day late at night stood a priest and a soldier on a main road trying to hitchhike.
It was a rainy winter, and it was freezing cold.
Suddenly, a car appeared, and stopped right next to them.
The driver of the car has agreed to take only the soldier to his destination.
The priest came to the driver, and asked in a puzzle way:
“Why do you only take the soldier, and leave me here in this cold freezing night?”
The driver’s answer was unequivocal: “because the solider serves the country”
“But I serve God” said the priest.
“So, let God take you” replied the driver.
To get the full story, follow this link:
Money! Is it really the MOST important thing? Or is……
We have gone though a crazy year which some have felt more than others.
The big investors (I refer to all the various specialists, analysts, and speculators who supposedly understand the economy way more than others) have lost all their possessions on earth, or at least the trust of the general public.
The small investors, this is the group in society that I refer to as the ‘common people’, are good people who work hard from sunrise to sunset, with the sole wish to provide for their families with dignity, and to pay their mortgage and their family medical insurance every month, in other words to get back home safely, are paying the dreadful price.
These common people have got fired from their places of work, and consequently they can’t afford to pay their bills. Furthermore, they don’t have a house, they don’t have a livelihood, basically they don’t have anything, and all their sin was that they acted according to society’s rules.
So YES, money is an important thing maybe even a very important thing, but in my opinion, and that’s only my personal opinion, money is NOT the most important thing in life.
I didn’t write this article in vain, I have written this article for the hope that the ones in the higher authorities, the ones who press the ‘buttons of life’ for the good common people will take into account one small thing, life is a wheel (and I will let the people who read this article to understand this statement as they want).
Just a year ago one of American and global economy’s symbols,the ‘Lehman Brothers’ investment bank, has collapsed.
This bank has gone through many crisis in his 170 years of activity, but didn’t survive the current crisis.
This ought to teach every peson on earth that no one, no matter how big he is and how many years he has survived in the past, is immune.
Only a year has gone from the ‘global crisis’, and again these wise guys analysts are appearing, and declare that the crisis is over.
They say that all is well, and that we are on the right track, and that they can already see the light at the end of the tunnel.
I hope that what these analysts see at the end of the tunnel is really the light that they think they see, and not a coming train
To get the full story, follow this link:
Can You Really Make BIG Money And FAST, Or Are People Selling YOU Illusions?
Life is like a Ferris wheel. One time you’re on top and the next, you’re on the bottom.
I’ve heard this phrase many times before. The question that I keep asking myself is, ‘Why I am always on the bottom and what am I doing wrong?’
There can be numerous reasons. One of the reasons that came up in my mind is, maybe I’m not on the right Ferris wheel.
The second reason that I thought of was, maybe I’m not at the right amusement park. At the end, I concluded that maybe the amusement part is just not in my character.
I’m not short on reasons of why not. I have numerous reasons. I think those thoughts come up from time to time to most people on this planet.
It doesn’t matter on which continent they may live in. These thoughts for sure exist. Otherwise, what other reason would you have reading this book?
I would like to try to contribute my life experience to you. I might succeed in touching your most personal issue.
This could be an issue that you may not even notice. Each one of us learned in life that in order to see the real picture, we must take a few steps back. By doing so, you will then get a completely different perspective.
If it’s a matter of money, investment or business, the same question will always appear; ‘Why doesn’t it work?’ The personal feeling of each and every one of us is that we will never reach the top of financial independence or in other words that we will never reach the one million dollars that we have always dreamed about.
Reasons to these thoughts are many, it’s over our head, we don’t have blue blood, and many other reasons. Yet, we don’t even find one reason why we CAN earn this money, apart from the reason that it is our wet dream.
Many books have been published on this issue, and the common denominator to all those books, which tells us about other people who have made it big, is that if those people have reached the top we can do it too.
I ask all the authors to forgive me, because I don’t think so. If a certain person has been able to become rich then good for him, but one needs to understand that this person’s success is unique to this person, and only to him, and that there is no connection between the way he succeeded to another person’s success or failure.
If I will retrace this person’s steps, and follow them exactly, statistically, I have more chance of failing rather than succeeding. And I say this from the simple reason that this person was in the right place at the right time, and he may have a specific knowledge in a specific area that gave him an initial push.
Moreover, he may have mastered another language which helped him build good chemistry with the people he had done a business deal with. This business deal could have happened to me, but unfortunately I don’t have the same initial qualities, and it’s a pity.
I am not interested in telling you about the many millionaires who have reached the top, and how they arrived to this top. With all due respect this will lead nowhere.
The most important thing is that you will secure yourself financially from the very start. Meaning, from the moment the idea pops to your head, and in the critical phase when the deal is closed.
To get the full story, follow this link: