Although many of the claims about making money from Spread Betting on the Forex are exaggerated, I can assure you that it is possible to make an easy regular weekly profit from this type of trading the Forex BUT in order to do so you must have the following five elements in place (obviously assuming you have a computer and broadband connection).
1 IT IS ESSENTIAL THAT YOU HAVE THE RIGHT INFORMATION. Whether you do it yourself or get it from an expert unless it is correct at least 75% of the time you will not make money!
2 YOU MUST HAVE THE INFORMATION AT THE RIGHT TIME. Knowing/predicting which way the market is likely to move is important but to be really successful you need to have that information at a time when you can take advantage of it!
3 SOME AVAILABLE CASH - MINIMUM OF £200. Not that you need that amount of cash to begin spread betting on the Forex but at the beginning you may need a bank large enough to cover the occasional loss until your bank has grown.
4 TIME TO BE AT THE COMPUTER WHEN THE TRADING IS TAKING PLACE. Although the market is world wide and basically trades 24/7 Monday/Friday there are times for trading which are better than others. These times will vary depending on your time zone and need to be established before you start trading.
5 THE RIGHT ATTITUDE AND A REASONABLE ABILITY WITH FIGURES. Being positive and having a reasonable ability with figures is a definite plus as it will enable you to make decisions in enough time to take advantage of the normal market movement.
As spread betting involves betting on the rise or fall of one currency against another how do you decide which way a particular pair of currencies is going to move at any one given time?
Well, there are basically two ways.
You can either do your own research, or use the services of an expert.
Doing it your self, whilst it will appeal to some people, has the drawback of being time consuming and in certain situations confusing. Whereas paying someone else for their opinion is considerably faster and easier but finding the right expert may take a little time and effort.
I was lucky that a friend of mine had already found the right expert and very quickly I was making consistent weekly profits from just a couple of hours sat at the computer each day.
It really was as simple as that.
So if you are looking for an easy way to make regular extra money from the comfort of your own home and at times to suit you then finally there is a way for you to make a profit from trading the Forex Markets using accurate and affordable information. Ray Barnett invites you to visit http://4excash.info or visit his Forex Trading Diary at http://4excash.blogspot.com
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