Answers
I have a 4 month holiday from college. I want to take a course that concerns online trading and business activity. I think taking forex would be too limiting. I want to take something covering all that including forex. Anything that can make me money online. What classes can I take to make me competitive online when it comes to making money?
Read about forex (foreign exchange). It's a business of online currency trading.
Then read about MT4 (metatrader) Expert Advisors. These are scripts that do trading for you. Some of them have 95% and more success rates (they cost 200$ or more in some occassions).
This blog is a good place to start:
http://CompareExpertAdvisors.blogspot.co m
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Is it true u could make money through Google adsense and what about online forex trading?how does it work?
Making money through Google Adsense is easy and almost zero risk. You build a website, then put Google Adsense Ads into your website. Whenever someone visits your website and click on those ads, you are making money from it. Google will send you a check for your earnings.
Forex trading is not simple. It's high risk with high return. More than 90% who trade forex are making losses. If you are keen into learning forex trading, you can sign up demo account with any forex brokers and start learning from there. Here are some articles that could be useful for newbie in forex trading.
http://www.forex2u.com/guide/category/fo rex-newbie/
Good luck.
Hi there,
Has anyone had experience with an online business such as Ecommerce or forex trading or selling products over the internet? If so, i do not want to hear from online companies,just individuals that have been involved in these type of businesses. which online companies do you recommend. Also what is the average start-up cost? looking for people with scruples only.
Thank you very much
Go to eBay.com. You'll learn a lot from what they say about online selling. They're legit and safe as they're now the biggest online auction and direct sales venue. if you're smart you'll earn good extra cash.
Just wished eBay wll pay me commission for promoting them.
Just curious. I know for online stock trading, pretty much every area in the USA is covered. But Forex is such a high-risk arena and one that is FULL OF SCAMS, that I don't think ordinary people would trade it.
My friend started a business startup that delivers live Forex quotes for free and asked if I'd join. Well, I want to know if the time and effort I put in will be worth it.
Which areas in the US has most people wanting to trade Forex? What type of people like to trade forex? I get the feeling it's mostly hedge fund managers in NYC who do it.....rather than individual middle class people.
Very few retail traders can open a "real" forex account that can trade against bank trading desks. Probably need $2,000,000 minimum or so to do that, plus be able to convince them that you're something big.
The "forex" accounts typically promoted on the Internet aren't the same -- with those, you're actually trading against your own broker, who issues OTC securities to you. This puts you in the rather awkward position of being in diametric financial opposition to your broker. Guess what typically happens to such accounts, over time?
The CME (in Chicago, for what that's worth) allows trading in currency futures. This is a real, open market. The downside is that it requires a lot more capital than "retail forex" (probably 20K minimum), and these are futures, so that adds a little complexity to things, for the uninitiated. And you will still likely lose all your money, quickly, anyway, unless you've got some real advantage over the market, or you just get really lucky. If I really wanted to learn about what moves forex markets, I'd start by heading to my local university library and browsing the Journal of Finance and similar publications; and even then, there's no guarantees.
FYI, the main places for "real" forex trading are NYC, London, and various major cities throughout Asia (esp. Hong Kong, Singapore, Tokyo).
I an a non-US Resident. I intend to form a Delaware LLC for a business as introducing brokers for an online forex trading house. I have a marketing website to market to US residents. My questions:
1. Do I require a US licence?
2. Do I have to pay tax for the income paid to me (via my Delaware LLC) by the forex trading house?
There is no license requirement to be an Introducing Broker for a Forex broker in the spot Forex marketplace.
Your Delaware LLC will be responsible for paying any taxes on the referal income received. This will of course be at the corporate rate as opposed to the higher individual tax rate.
Dollar Gains on Speculation Fed Will Move Sooner Than Forecast
Oct. 23 (Bloomberg) -- The dollar strengthened against the yen to the strongest level in a month and gained versus most actively traded currencies on speculation the Federal Reserve will increase interest rates sooner than forecast.
The pound fell against all of its major counterparts after the U.K.’s economy unexpectedly contracted in the third quarter. The dollar gained and Treasury yields rose after Philadelphia Fed President Charles Plosser yesterday told Bloomberg Radio his “instinct is the time for raising rates will be before many of my colleagues” think it is.
“The market is anticipating a more hawkish posture out of the Fed and that in turn is turning into better yields, and the most direct way that’s reflected in the currency market is dollar-yen,” said Boris Schlossberg , director of currency research at online currency trader GFT Forex in New York. “There’s a potential that they could even raise rates in the first half of 2010.”
The dollar appreciated 0.9 percent to 92.08 yen at 3:21 p.m. in New York from 91.30 yesterday, and earlier touched 92.08, the strongest level since Sept. 10. The U.S. currency gained 1.9 percent to $1.6312 per pound from $1.6624. The greenback traded at $1.5002 per euro from $1.5033. The yen depreciated to 138.14 per euro after earlier trading at 138.36, the weakest level since Aug. 10.
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News
Forex: Dollar And Yen Slumps On Better EarningsForexTV.com - Oct 23, 2009
The dollar, which closed yesterday's trading at 1.5027 against the euro, fell to 1.5062 during Asian deals on Friday. This set the lowest point for the and more »Reuters - Oct 22, 2009
trading days are short sale transactions; -- the potential negative effects on the company's forex commissions and fees, and forex business generally,Bloomberg - Oct 23, 2009
The yen depreciated to 138.14 per euro after earlier trading at 138.36, the weakest level since Aug. 10. Traders are increasing bets the US central bank and more »Reuters - Oct 19, 2009
Unlike forex , trading digital options does not include margins, spreads, and dangerous leverage, just easy and simple profits!" said Brooks.Ecommerce Journal - Oct 21, 2009
We also know that there are no restrictions on short trading in the forex unlike other financial markets. Thus investors can avail of trading opportunities