Home Based How To

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!

Instead I want to share a story will y’all about percieved value as it relates to marketing. I like most people have to go to a barber shop (or salon, as I guess they are called these days…) for my haircuts. Lately, and for reasons I can’t understand, I have been having problems with dandruff. It is especially noticeable when you’re stuck in the chair with a black cape on and the barber (stylist) is cutting away and it looks like the season’s first snowfall.

So I get thinking- hey, here I am with a hair expert… maybe I should see what they would recommend for a dandruff shampoo! And of couse, they have something! For only $12.95 for a 3 ounce bottle of extra special, salon-certified special secret recipie dandruff shampoo they can solve my problem!

Now, what does barber shops and dandruff shampoo have to do with internet marketing and ways to make money online? Simple- percieved value! Sure, I could go to the megamart and get a half-gallon of generic Head and Shoulders for the price of a cup of coffee- but because I am at the barber shop (salon) and they are “experts”, theirs must be better! Is it? We’ll see, I haven’t started using it yet (and I doubt you really care all that much about my hair anyway).

But the “make money online” lesson here is simple- as a customer with a problem, I went to the expert for a solution and got it! The percieved value here is that because I got my dandruff shampoo from an expert in hair-care it MUST be better than Head and Shoulders and the WalMart-knockoffs. To sell, you must be able to provide these simple things for your customer- a perceived value that your product is better, which is made credible by your position (perceived or otherwise) as an expert.

Rocket science? Not really, but it is a key concept in the battle to make money online. Perfect it and you will be well on your way! Because whether you are selling information, web hosting or dandruff shampoo the basics of sales and marketing (either internet marketing or brick-n-mortar retail) are the same!

I got another check in the mail today from InBox Dollars, and this one had more referral earnings than my own earnings! That is the beauty of using InBox Dollars to make money online, it can take a while to get started with it and get your links out there, but once you start to get a few people signed up under you, the money can really start to come pretty easily!

To give you an idea of how much I am making online from InBox Dollars, let me put it this way- I have about 80 different websites set up on 8 different domains/subdomains and 2 hosting accouts. The money I make online from InBox Dollars is more than enough to cover all the costs associated with running those sites- the domain registrations and renewals, private registration fees and the hosting costs.

If you aren’t looking to grab such a big chunk of virtual real estate and you are just looking for a simple and legitimate way to make money online (for Christmas presents or maybe a long weekend vacation!), then InBox Dollars is a program I can definitely recommend!

Click here to sign up with InBox Dollars and start making money online today!!

I have said before you will probably not be able to retire on the money you make from Inbox Dollars. But with a few referrals in your so-called “downline”, $100 per month for reading a few emails and doing a few blog posts is not at all out of the question. Like I have said, Inbox Dollars is a great simple way to make enough money online by reading emails to more than cover hosting costs, as well as buying a few domain names here and there to expand your virtual real estate. And when it comes
to making money online, your “virtual real estate” is the name of the game. Your own website, powered with unique thoughts for the search engines, a few referral links from the sponsors you use to make money online, some well-placed AdSense ads and given enough time is a true and proven way to generate a little (or a lot- depending on your traffic) extra income from working at home!

Inbox Dollars is a great place to get started, so check it out now- you have nothing to lose!