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Forex Trading – Easy way to Make Money Online

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“Forex Trading could be the best option to make money online in full time or part time, if you are looking for home based business. With knowledge in hand, you can earn easy money regularly without ever focusing on other parameters like recruitment, advertisement or marketing etc.”

Most of the people are unaware of the fact that Forex Trading is a perfect example of online home based business. It gives you an opportunity to make a career in work from home and not to get involved into any kind of selling, marketing, advertising or referral program (MLM kind of). Forex empowers you to make lots of money and take this a full time job. Unlike stock market where you need huge money to make reasonable profit, Forex helps you to make good profit from small amount of money. So if you have or are ready to learn the basic skills of trading, be ready to make money online.

There are live examples of many individuals in all age group who took Forex trading as a part time job or full time job or as an alternate income source and most of them are successful. Thanks to forex

What is Forex?

Like any other traditional trading business, this is also a trading business where you trade foreign currencies. The additional benefit is that you do not need to run around and can be done over the Internet. And like other business you need to make sure that you have all the tools to enter into this arena. The two most important tools are:

  • Knowledge: It includes fundamental analysis and technical analysis to understand when you need to buy or sell
  • Forex Broker: Brokerage companies provide you a platform to buy and sell different currencies in lieu of small commission to them for your trading. You need a reliable and well known brokerage company who can give you good support, guidance, margin funding etc

Three commonly asked question

Q: Which all currencies can be traded

A: Though there are many currencies available for trading, the most popular currency pairs are: EUR/USD, GBP/USD, EUR/JPY and USD/CHF. It is always better to transact in popular currencies because of higher volatility (it gives you a chance to make money more often)

Q; Why Currencies are always quoted in pairs e.g. EUR/USD

A: It is quoted in pairs because you buy one currency against another currency. So if you buy Euro in EUR/USD, you buy Euro against US Dollar. If you buy Euro, it also mean that you are selling US Dollar simultaneously.

Q: How I make money

A: Same like how other business does. Buying low and selling high ex. if you are vegetable trader and buy potato for 10, you have to sell it at more than 10 to make a profit. It’s as simple as that. You buy one currency with the expectation that the price will change and values of your currency will go higher than the one you sold against.

To illustrate it further if you are trading in EUR/USD i.e. Euro against USD and exchange rate is 1.21 (Here exchange rate denotes how many USD you need to buy one EURO, so here in the example you need to pay 1.21 USD to buy 1 Euro), Now look at the following table how you make profit or vice versa:

Your Action EURO USD
You buy 10000 Euro (EUR/USD) at CMP 1.21 10000 (+) 12100 (-)
Later you exchange your euro back into USD at exchange rate of 1.29 10000 (-) 12900 (-)
Profit 0 800 (+)

So in the above example you made a profit of $800. Give it a try to find out a new passion lying inside you.

Prizee – Get paid to play games

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Prizee is a free arcade games website with full of fun entertaining flash games where you can play games for prizes and win gifts as well bank cheques. Some of the gifts include soft toys, keyrings, puzzles, binoculars, digital camera’s, ipods, dvd players, televisions, watches, joypads, video games, game cubes, Nintendo ds, Sony playstation, Microsoft XBox, Personal Stereo, Stationary items and many more which gets added time to time.

They have 12 flash games and playing each games will let you earn bubz which is like a virtual money and once accumulated these bubz can be used to exchage with gift or cheque. However you get a chance to play each games only 1-3 times a day. So you have to be careful while playing. Once lost, you can play the same game only next day. Though they have a provision prizee-comwherein player can play the same game 15-45 times a day, but it requires you to buy maxipack that cost euro 1.50. I personally am not in favor of buying maxipack just in order to earn more bubz. However it can be purchased if you love playing flash games, which is one of its best in this class. The other advantage of using maxpack is that it offers a weekly game where you can earn more Bubz or directly win big prizes as mentiond above.

If you register through any referral account (link given below), you will get double chance to play any game on your first day. They also offer you one maxpack free of cost on your third day of registration.

They also have many secret games which come with maxpack. Even if you dont buy maxpack, you will discover new games from time to time as your ranking goes up. They have ranking in orders of New player /Bronze/Silver/Gold (4 rank in each category). Each bringing with it more benefits – Extra games & chances to earn more points for your treasure chest meaning more gifts and more FUN!!

Overall this game site is loaded with good games that makes you addictive, however you should not expect to earn a fortune and getting big gifts everyday. It is not like moola or netwinner wherein you will have a perspect to win millions a day. Instead we should use this website just to play games, win some bubz and once accumulated, we should go to exchange it with some gifts (as a bonus). You should also note that when you proceed to order gifts it is necessary to undergo a very important stage the drawing of lots between several thousands of members and thus one gifts for thousand and its fact a chance on thousand to thus gain veiled. On the positive side if you don’t succeed in getting gifts, you dont end up losing your earned bubz. It comes back to your account.

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