Forex Trading – Will It Save Your Skin In A Global Recession?
October 05, Tuesday, 2010 - Steve C. (forextradingblueprint.blogspot.com) a successful Forex (FX) trader for over 10 years, has devised a system that automates the generation of a regular monthly income, like clockwork, with minimal losses utilising an in house Forex trading system.
With the current state of the global economy, people are looking for ways to earn an extra income, create a new one or diversify their savings and investments, preferably one which can stand the test of time in all economic climates.
Forex trading seems to be a popular choice for many, the beauty of it is it doesn’t matter what state the economy is in, because individuals can create returns whether the market is going up, down or sideways.
The forex market is the most liquid in the world, with over $3 trillion in daily trades; this is equivalent to one month’s trading in Wall Street.
The money is accumulated on a monthly basis which is compounded, typically averaging about 5%, which doesn’t sound like much, but for those who don’t realise the power of compound interest...
An investment of $5,000, gaining a monthly interest of 5%, and that interest being re-invested each month, after only 5 years becomes over $93,000.
And if the interest rate happens to be 8% per month, the $5,000 becomes a whopping $506,285 after only five years, yes that’s half a million dollars.
“I have been trading on the forex market for over 10 years and I’ve been very successful doing so, and it’s enabled me to be a self made Forex millionaire,” stated Steve C.
Of course trading of any kind is not for everyone, and with so many systems out there, individuals could easily lose their shirt.
Steve C. said: ”I have traded in the past, using different derivatives, and Forex trading seems a viable option, IF done correctly.”
To Find Out More, please visit http://forextradingblueprint.blogspot.com
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