My new hobby is a nice simple one; becoming a billionaire over, oooh I’d say the next ten years or so. I’ll settle for half a million over the first six months or so!
I’ve decided to become the next George Soros, you see, through trading the international foreign exchanges or “Forex”.
It should be quite easy to get myself up to a billion because apparently, 1.8 trillion US dollars are traded each and every trading day on the foreign exchange market; making it by far the world’s largest trading market.
So I reckon I’ll be able to get my share pretty quickly. All I need to do is decide how the world’s major international currencies are going to move against each other over the next few years and place my bets accordingly right? It’s the same principle as finding a few 10-1 winners in horse races in a row; the winners are all in the line-up; you just need to decide which they are before the race!
Away, I’m going to get started with a $100 free Forex bonus, and then I can take the first step on the road to my billion dollars without any risk.
There are lots of Forex trading companies out there that provide Forex tutorials to explain to complete beginners like me how to get going. First off, you need to get a good grip on the basic Forex terminology and the main currency pairings and how they are quoted.
The man currencies are the US dollar, British pound, the Euro, Japanese Yen, Canadian and Australian dollars and the Swiss franc.
You also need to get a handle on what leverage (speculating on the marginal currency differences) is all about as well as the spreads (the provider company margins) and Pips (percentage in points) are all about – and the different orders you can make.
Anyway, watch this space and move over George Soros. I’m on my way!
This article was written by David – a keen financial blogger. He has started to branch out recently in the trading world and is always looking for a great forex bonus to help him along!