Monday, March 25, 2013

FOREIGN EXCHANGE, HOW TO MAKE QUICK MONEY

FX or Foreign Exchange or just Forex is probably the easiest way to make money online. Making money as an online trader isn't all that simply. As an online entrepreneur you could make money on ebay selling your unwanted goods or you could blog and join Hubpages or Helium or even Google Adsense. But let me assure you, you could become disillusioned very quickly because the dedication, the effort, the time and money expended doesn't justify the paltry return. The alternative is to invest some money into  the exchange market as in trading on the forex market. However, be forewarned that fx foreign exchange, requires a firm knowledge of international currency exchange, else you could lose money.

Currently, forex is the best way to make real money online, since it is linked to the foreign exchange rate. Having said that, almost every international traveler or international business today, must deal with a foreign exchange currency in order to pay for overseas purchases, hotel bills and credit card bills, etc... Normally the amount of  money you need to pay for a US Dollar, a Pound Sterling of a Euro is determined by the exchange rates of the currency exchange on that day. This implies that the losses you make on your currency exchange on that day, is the dividends of some online traders elsewhere in the world.

How to make quick money.
Trading forex in South Africa or rather trading forex in South Africa is a very lucrative business because the South African Rand (ZAR) used to be twice as strong as the US Dollar during the White Apartheid era. Restated, R1.00 was worth $2, but since the instatement of its first black President, the ZAR has constantly and continuously declines to the point that today we have to pay ZAR9.30 to get 1 measly US Dollar. Forex South Africa is plowing Trillions of rands into the trading platform annually which ends up as dividends for other  South Africa traders and forex trader abroad. Buying US Dollars as the Rand diminishes is the key to make quick money. This is just one isolated example of one 3rd world country.

A R200, R100, R50, R20 and a R10 note - South African currency.

Multiply this by every country in the world and pool all the money and you'll get  more than  $945 000 000 000 000 (945 Trillion USD). How would you like to make some of that? Like I said before, forex is probably the easiest way of making money online. The internet is inundated with Forex Ads, so signup with one of these traders and get yourself a $50,000  account absolutely FREE to try out your hand at Forex trading before you venture a single cent of your own. 


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