FOREX TRADING

Foreign exchange or FOREX is a volatile type of investment. The risk is very high that could easily drain your savings right away. The technique is you just have to stick to the basics of forex trading in order to control the ups and downs of trading in the market.

For me, I am planning to start actual investing in the forex world. I already opened a forex trading brokerage account. I have run a demo account wherein my capital is US$10,000. More than two months later I was surprised that is gain reaches almost US$30,000. Yes, it nearly quadrupled in just less than three months. The profit is awesome.

Why is it so that said demo account reaches that big profit? Reason; I applied the secret most forex experts use. If you know the secrets of the banks’ forex specialist, then you’re so lucky. Aside from these specialists, successful individual forex investors have also the access of the incredible strategies employed by them.

Forex trading is a very big market. It surpasses more than the total daily investment in the stock market and commodity traders if combined together. Experts approximated that the total investment reaches more than three trillion US dollars. That’s a very huge market. It’s an undeniable fact that banking institutions easily get rich.



Here is the cream of forex trading. It is with employing an Expert Advisor (EA) which is capable of spotting any profitable moves in the market, that an investor in forex easily captures big profit. EA’s or forex robots are a special type of software programmed by software engineers. It is very hard to acquire this type of software especially those reliable one. Although, it is easy to search them in online ads but dozens even hundreds of it are fakes.
If you wanted to start in forex, I suggest EASY FOREX - an Australian based foreign exchange broker which has a branch office here in the Philippines. They require some documents to be submitted upon opening an account with them. Initial investments vary by companies. Some accepts US$200 while others required US$1,000 or US2,000. You could opt to open a dollar account in a local bank because funds’ currency is in US Dollars. Banco de Oro’s (BDO) initial deposit is US$200 upon opening. This is the cheapest compared to other banks in the Philippines.