We all know that we should have multiple sources of income and a passive income is something that all of us would really like to have. But can we create passive income with FOREX?
In Forex, we need to trade (buy/ sell) in order to have a profit. So, does that counts as a passive income? I guess not......
But it can definitely be a method of an income source that you can generate from home.
Lets dig in more....
Forex is one huge industry that we cannot stand aside and ignore. It is a 4 trillion dollar industry and we see so many blogs and websites talking about making money from Forex everyday on the internet.
But let's get things straight first. Can we make money from Forex? The answer is <strong>YES</strong>.
Like the stock market, if you know how to trade the currencies, you will have a good chance of making a profit.
Another plus side of Forex is the small amount of investment that is required if you want to get into it. Most brokers offer good leverage and allow their customers to start with a $100 investment. better still, you can trade with a demo account before putting in your money.
With the leverage, you can have $100 in your forex trading account but you can trade like you have $100,000. This depends on your broker.
We cannot deny that Forex is a money making method because we will be able to find so much info about it on the net. Of course, some are real and some aren't. Just do a search on Youtube and you will see the astounding results of individuals and companies showing you tips and systems.
The real question is How Do You Trade Forex?
Well, if you do a little bit of research on the internet, you will come across something called EA. These EA's (expert advisor) are programs that you can use to help you trade the FOREX market.
There are a lot of them available in the market to day. You can get them easily but you must do your research before you purchase them because it seem to be a hot niche in the internet. You will come to realise that there will always be a new EA in a couple of weeks. So, check things out first.
Can we make passive income through FOREX?
Now, this must be the question most people are asking on the search engine...
The answer is YES but it depends on the level of knowledge that you are willing to gain. But first things first, you need to get a partner. What i mean was a reliable FOREX BROKER
There are a lot of brokers to choose from but here is one that I am currently using, it is called FX PRIMUS.
They are an award winning broker that provides great connection with their super fast servers to ensure your trades go well. In addition, their spreads are low so you make money easier.
Anyway, just to show how powerful Forex can be, i have put up my trades for April 2013...
So, you can really make money from home with FOREX.
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