| Many people are looking for something legitimate to | | | | previously winning on a consistent basis. Needless to |
| get into when it comes to starting a home based | | | | say I blew out my first live FOREX account of $600. I |
| business. The FOREX market just may be the perfect | | | | decided to fund my account again with $400 this time |
| opportunity when it comes to working at home. | | | | trading under strict guidelines and much more discipline. |
| FOREX is the process of simutamously buying one | | | | Over the next month I managed to gain back my initial |
| currency and selling another. | | | | loss of $600 and gain a small amount of profit. |
| I'll be the first to say that 99% of home based | | | | When starting out in FOREX, you will have the |
| businesses are scams. After losing nearly $10,000 in | | | | opportunity to choose between many different |
| work at home opportunities, I was looking for a way to | | | | brokers. My suggestion is to choose a reputable |
| make a decent amount of money though a legitment | | | | broker that is well known. Most brokers offer a 3 pip |
| business. I've heard of FOREX trading before, but | | | | spread on all the majors, some will offer a spread as |
| wasn't really quite sure just exactly what it was and | | | | little as 1 or 2 pips. |
| how it worked. | | | | If you are not familiar with FOREX, another thing you |
| In January of 2005, I decided to run a search on | | | | might want to look into is a managed FOREX account. |
| FOREX in Google and began reading articles and | | | | There are many FOREX signals providers that will |
| forums on the subject matter. It seemed that FOREX | | | | send you entry and exit points, however only a |
| was the perfect home based business to start. I | | | | selected few of them actually work. |
| opened a demo account with $500 and started | | | | It's now been a little more than a year since I started |
| trading. Within my first 25 trades, I won 23 and lost | | | | with FOREX as a home based business and I have |
| only 2. I thought to myself I was ready to start trading | | | | compiled over $40,000 in profits. Attaining these results |
| on a real account. | | | | did take a lot of work and research on my part. The |
| Little did I know that there was a huge difference in | | | | FOREX market can be extremely volatile. Do take |
| trading on a demo account as opposed to trading real | | | | caution and be sure to do your homework before |
| money. My entire psychology changed and I could not | | | | trading with a live account. |
| implement the same trading strategies that were | | | | |