Welcome back! Is ForEx a good way to make money online? I was wondering the same thing myself and FINALLY decided to give it a try. After all, if you have been looking for ways to make money online for an significant amount of time you have likely ran in to some pretty outrageous claims about ForEx and I am here to give you the straight scoop!
First you may be wondering, just what exactly is ForEx? I will give you a brief overview of the concept behind it, then we’ll look into some ways to use it as a way to start a home based business and use it to (hopefully!) make money online!
Basically, ForEx is an acronym for Foreign Exchange and it is a HUGE global currenct market. To give you an idea, in 2007 the average DAILY volume of currency exchanged on the global ForEx market was US$3.2 trillion. That’s right, 3.2 TRILLION DOLLARS A DAY! Current estimates claim that has increased somewhere in the neighborhood of 41%, so these days the volume is in the right around US$5 trillion per day. Of course, the aim of getting involved in the foreign currency exchange market is to try to grab a little piece of that!
The main purpose of the ForEx market is to facilitate trade and investment in the global economy. Now I am not an economics major, so I will NOT be explaining to you all the intricacies of foreign currency exchange. Rather, the purpose of this article is to see if you can find a way to grab a TINY piece of the ForEx market and use it as a way to make money online. Suffice it to say that the market exists to allow investors in London (the biggest single ForEx market, by the way), China, the U.S. and other major players in our global economy a market to exchange their currencies to allow big transactions to occur. The main players are big private and commercial banks, central banks, currency speculators (this is where we come in), corporations, governments and other financial institutions.
So now that you’ve gotten this far and have some idea of what exactly the ForEx foreign currency exchange market is, how are we going to go about using it to make money online? Read on!
As I see it, you have three options and I will cover them in detail. First is likely the simplest- hire someone! Find yourself a broker skilled in trading in the ForEx foreign exchange currency markets, give him (or her, ladies!) a bunch of money and let the broker take care of it for you- for a commission of course. Since you are looking for ways to make money online, we will discount this as an option. But I did have to share it with you, after all at HomeBasedHowTo we cover every angle!
The second option is to do all that work the broker would do for you- yourself! Do all kinds of market research, read international papers, stay abreast of global politics and become an expert on all types of foreign policies and relationships between every country on the planet so you’ll know who is getting ready to invest in whom. You’ll find out when and where these major transactions are going to take place and jump in to take advantage, right? Maybe, but I doubt it. There is too much life going on out there to worry about all that kind of stuff (because unless you are a college professor or political science major it’s pretty dang boring). And trust me (and everyone else) when we tell you it’s damned tough to “time the market”, whether it’s the stock market, the ForEx market, precious metals, you name it. Nope, you need a better way, a system to make money online that is easy to understand and use, doesn’t cost a fortune and most important of all, actually works!
So what is the system, you ask? A robot! Yes, that’s right a robot- a ForEx robot. A sophisticated computer software program that digs deep into the foreign currency exchange markets, ignoring all the politics and boring stuff, and analyzes every possible trade and outcome, ranks them according to outcome and figures out statistically EXACTLY which trade outcome is likely to be the most profitable for you- AUTOMATICALLY! A high tech ForEx robot that doesn’t care about international politics or anything else, just numbers pure and simple. Because the numbers are what make the difference. A
market-analyzing robot that is right 91.25% of the time! A ForEx robot that took an initial investment of $10,000 and turned it into over $2,000,000.00 in profit! Another case study- $2700.00 turned into $9329.46 in just 40 days- a 245% return on investment! $320.00 multiplied into $7635.24 in THREE DAYS!!
Does all this sound too good to be true? Sure it does. The internet is FULL of snake-oil salesman hawking get-rich-quick schemes and all sorts of ways to make money online. Outrageous claims abound, everyone out there has come up with a ground-breaking new way they used to “crack the code” and “explode the market” to “make millions of dollars on autopilot”. So what’s the difference with this one? ForEx Maestro actually works!
How do I know it really works? Because I bought it! I started trading a week ago with an initial account balance of $300.00, and as of the time of this writing my account balance is $855.26! Not bad for a week’s work, on autopilot, is it? Hey I didn’t believe I could become a money-making machine using a simple piece of ForEx trading software either, but I decided to give it a shot- after all it comes with a 2-month MONEY BACK GUARANTEE! And who knows, maybe my short-lived success is just a glitch in the matrix. Maybe I will lose back everything I have made and then some. Maybe in another 7 weeks I be calling ForEx Maestro and asking for my money back. But I don’t think so.
Well, if you made it this far, congratulations! Those of you who read this blog know I stand behind what I write. For me, this is about making money online and ForEx, so far, has worked out VERY WELL for me. Give it a shot, with the money-back guarantee and my personal recommendation you really have nothing to lose!No Tag