Forex Trading is still a viable method to use to make money from the comfort of your home. With the right tools and knowledge you can make a very good living from this method. If you need more info check out this site. http://bit.ly/zGWgfu

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People tend to have many questions when they are presented with something new, especially
when it is related to their money. The following are questions that homemakers frequently ask
regarding forex trading and forex trading signal service:
Q1: Is forex trading safe?
A1: Trading forex is of course safe. The reason is because today more and more country
regulates forex market and they enforce strict rules that every forex broker must follow. As a
result, we find that only the good brokers stay in the forex trading industry. On a personal level
though, it is up to you to determine the safety of your account. If you trade recklessly then you will
find that your capital will drain rapidly. Sometimes it is faster to lose money in forex trading than in
casino. Therefore, you need to prepare yourself mentally and acquire lots and lots of knowledge or
you can choose to go with hiring a good profitable trader and subscribe to his trading signal
service. The latter is by far the faster, easier way to trade forex if you have limited or no knowledge
about forex at all.
Q2: Can a homemaker succeed in forex trading?
A2: Of course, you can succeed in forex trading just like other trader. Everyone who trades forex
have the same opportunity. In fact, homemakers have more potential to succeed because they
have the most flexible schedule and needless to say, they have more time at their disposal than
any other newcomer in forex trading. Homemakers usually develop the ability to do multitasking
and this is the number one reason they can manage hectic days without a hitch. And actually,
people can multitask forex trading if only they know how to do it. First of all, they need to find a
genuine forex trading signal service and subscribe to it. Second, just do the things they usually do
day in day out. Homemakers don't answer to any boss so they can use their time in any way they
want and do the tasks however they want as long as the finish the tasks. This is why homemakers
have the most potential to succeed if they know how to manage their abundant time.
Q3: Do I need to have experience in international finance to start trading forex?
A3: If you decided to trade forex with your own might then you need to go through the learning
curve. However, if you join a trading signal service you don't need to have any experience in
trading at all. This is why assisted trading is deemed the easiest way to participate in the forex
market. Assisted trading is a term used to describe trading using the assistance of a trading signal
service.
Q4: Can someone who only graduates from high school trade forex?
A4: This answer is of course, yes. All you need to do is to find good trader who consistently profit
from the market and pay him to let you know what currency pair to trade, when to enter the market
and when to exit. If you are humble enough to let someone professional help you then you are

2. fine.
Q5: What do I need to become successful in forex trading?
A5: You need to have a strong commitment, willingness to learn things and diligently update your
knowledge or information. Most people fail because they don't have a strong commitment from the
start. Also, many people just don't have the right kind of information or knowledge.
Q6: Do I need to have a high-tech computer?
A6: Absolutely not. You don't need to have a computer that look like Star Trek or any other alien
spaceship. A computer with 512 RAM, Pentium 4 2.67 Ghz, 80 Gb hard disk drive and windows xp
is enough for you to be able to trade forex. However you need to know that it is important not to
open multiple programs that consume a lot of resources from your computer or heavy program
while you are trading forex. In nature, forex software such as Meta Trader 4 (commonly
abbreviated as MT4) is very light and does not require computer with high specification.
Q7: Do I need to have a high-speed internet to trade forex?
A7: Well, it depends on what you mean by high-speed. Generally, an internet connection with 512
Kbps or more is already enough. It doesn't really matter whether your subscription is DSL or cable.
However, you need at least 1 Mbps if you want to incorporate scalping method in your trading
because some scalping methods require you to trade using a time frame lower than 1 minute.
Moreover, scalpers usually trade during active trading hours (session overlaps or session open).
Nonetheless, scalping is not a trading method anyone can use. Also, it is important to note that
while trading using wi-fi is not prohibited it is far safer to trade using wired internet connection. The
reason is because internet connection loss is rare if you are plugged with a cable rather than using
wireless connection.
Q8: What is the best forex broker out there?
A8: Most of today's brokers are good because of the increasing number of regulations that swept
the forex trading industry. The list is long but there are paths that you can follow to determine
which broker is the best for you. You can choose to use a forex broker that has a presence in your
own country because this will reduce the cost of transferring fund to and from your trading
account. You can choose to use a broker outside of your country if you are looking for features
that your domestic broker doesn't have such as higher leverage or the ability to hedge or trade
CFDs. Lastly, you can choose to use a forex broker based on the spread they offer. For whatever
trading conditions that you require in a forex broker you will most likely find the broker that will suit
your need.
Q9: How much money do I need to have to start trading forex?
A9: The first thing you need to remember is forex trading is a business and as with any other
business it requires a good business plan and enough capital to start. You have to keep reality in
check and don't expect to enter the business with $250 and turn it to $1 million in a year. Sure,
there are people who can make it but certainly not everyone. Generally, a sum of $10,000 is good
to start with but many people usually start with as little as $5,000. 10% monthly return on a
$10,000 account is $1,000 and it is $500 on a $5,000 account. Of course, with a solid trading plan,
a good forex trading signal has the potential to drive more than 10% per month. However,
consistency is what you should seek. If you can make 10% per month consistently you will see
that your money will grow to a staggering $309,126.81 in 3 years. That's a growth of 3,091%. so
as you can see, 10% is actually great over a span of 3 years. Stick to the goal of 10% per month

3. and you'll reap the benefit in no time.
Q10: What is the best way to trade forex?
A10: To be brutally honest, the best way to trade forex is by subscribing to a forex trading signal
service. Why? The reason is you still have full control of the account but you don't really need to
do the entire task needed to be done in trading. This solution is the best because it is practical
especially if you are new to forex trading and know little or nothing about forex trading. When you
have more experience you can trade by yourself and in the long run, this is the best way to trade
forex. However, it will take time to learn the ropes and build your confidence and gain experience.
Moreover, you need to consider the costs that will incur by buying trading literatures. Overall, your
costs will include time, effort and money. So the wise decision to make is to subscribe to a forex
trading signal service first and learn how to trade forex properly at the same time.
Q11: How does a forex trading signal service works?
A11: The first step is you need to find the service provider that you believe can deliver strong and
accurate trading signal. After that, you pay the fee upfront so you can use their service for the next
30 days. The next step is to get familiar with their service and choose the method of delivery for
the trading signals. They will then alert you when a good trading opportunity surfaced. Finally, you
need to enter the orders exactly as they send and you can stay away from your computer. You will
be alerted if the market situation changes so you will be able to protect your profit or even
maximize your profit.
Q12: How much time do I need to set aside everyday to trade forex?
A12: You don't really need to set that much time to trade forex if you are using a forex trading
signal service because they will do the analysis and report the result for via email or text message
(SMS). All you need to do is check the email or text message that they send which will only take 1
minute to do and then submit the orders from your trading platform. The latter will only take 5
minutes. So in total, you only need less than 10 minutes to trade forex per signal.
Q13: Can I leave my computer when I am trading?
A13: Honestly, you don't need to stay in front of your computer all day long to trade forex. There
are trading methods that are suited for long term trader or medium term trader and those types of
trading method do not require you to constantly monitor the market. Moreover, you can use
internal function in the trading platform to alert you when price crossed the price you desired.
There are also indicators that have built-in alert so you know when price reacts in a certain way
calculated by the indicator.
Q14: Is there any proof that a homemaker ever succeeded in trading?
A14: Well, you won't be able to find out every single one of them on the net. The reason might be
that they don't want to be known by the public or the media only hunt real life stories that can
increase their media circulation (or attract traffic to their website). However, you will find a few of
them if you search using Google. Just use the keyword housewives trading forex or any
combination of similar keywords. There are popular stories around the net regarding homemakers
succeeding in forex trading and the most popular of them is Ms. Torii from Japan.
Q15: Is there a good forex trading signal service that I can subscribe to?
A15: Absolutely. There are many forex trading signal services out there but in order to profit, you
need to find the genuine one. Of course, it is not an easy task to find it because they all claim to

4. have delivered profitable forex trading signals to many people. In all honesty not all of them can
back their claim with real result. Moreover, subscribing to a genuine forex trading signal service
alone will not guarantee that you will profit. There are certain things that you can do to optimize the
result of your trading. You can go here if you want to read about it.
I hope you can find the answer that you are looking for but more importantly, I hope that the
answers can remove your doubt so you can enter the world of opportunities and start making
money from the forex market.
Surely, there are a lot more questions than those listed above. However, asking too many
questions will not get you anywhere. So instead of asking questions you can use that energy in
learning how to do this business properly. Ultimately only the doers will succeed in any business.
So remove the doubt, give yourself a chance and take action because you have the potential to
succeed in the trading world.
Article Source:
http://EzineArticles.com/?expert=Linda_Wilkinson
==== ====
Do You Want To Learn How To Conquer The Forex Market By Trading Like The Pros With NO
Experience Required! Then Check This Site Out.
http://bit.ly/zGWgfu
==== ====