A man walking in the countryside meets a shepherd and a big flock of sheep. The man tells the shepherd: “I will bet you 1000 against one of your sheep that I can tell you the exact number in this flock.”
The shepherd thinks it over; it’s a big flock so he takes the bet. “855,” says the man.
The shepherd is amazed, because this is the exact number. Says “OK, I’m a man of my word, take a sheep.”
Man picks one up and starts walking away. “Wait,” shouts the shepherd, “Let me have a chance to get even. Double or nothing that I can guess your exact occupation!” Man says “OK.”
“You are an economist working for the government,” says the shepherd. “Amazing!” responds the man, “You are exactly right! But tell me, how did you conclude to that?” “Well,” says the shepherd, “put down my dog and I will tell you!”
This is the story of four people named Everybody, Somebody, Anybody, and Nobody. There was an important job to be done and Everybody was asked to do it. Anybody could have done it, but Nobody did it. Somebody got angry about that, because it was Everybody’s job. Everybody thought Anybody could do it, but Nobody realized that Everybody wouldn’t do it. Consequently, it wound up that Nobody told Anybody, so Everybody blamed Somebody.
One to take out the bulb and drop it, and the other to try and sell it before it crashes (knowing that it’s already burned out).
The Foreign Currency Exchange (or Forex, Spot market, or Cash Market) is a group of over 4500 world banks that are connected electronically.
It is different from the Stock Market because there is no centralized trading place. The Stock market trades $100 billion daily, the US Treasury Bond deals with $300 billion daily, but the Forex deals with $3 TRILLION daily! Because of this, it is much easier to get in and out of a trade.
The Forex open Sunday evening at 7pm EDT and closes Friday evening at 4PM EDT.
There are 3 sessions of trading:
- Asia 7 PM EDT to 6 AM EDT
- Europe 2 AM EDT to 11 AM EDT
- United States 8 AM EDT to 5 PM EDT
To trade the Forex, you need to open an account with a Forex broker, fund the account, then place a trade. This is easy to do if you have Internet access. You will also need charting software so that you can analyze the market.
90% of traders fail, and only 10% of traders succeed. The reason why so many fail, is because they fail to get a good education. They fail to secure a good mentor. I have found some excellent mentors at Market Traders Institute.
They have kept things simple and logical. They have always been available for me to ask questions. When I set up a trade, I can go into a live chat, and ask their opinion. They do live analysis of the market 5 times a day to help me see where the currencies are going and how I should be trading. They have always been patient with me.
I also have access to other traders that are learning in the MTI chatroom. I have made many friends in the chatroom and we help each other.
This collection of multiple-choice questions brings hours of fun!
Just how extensive is your knowledge of the Foreign Currency Exchange (Forex) Vocabulary?
Are you willing to jump in and learn them as you go?
Are you familiar with:
- Up trend
Features of this game:
- Multiple choice game
- Keeps track of your score
- Keeps track of your time
- Shows your highest score
- Shows your fastest time
- Rewards you when you achieve 100%
Are you ready?… Then let’s begin.
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Check it out – because Noah’s giving away the first 3 chapters of his new #1 bestseller FREE —
All the best,
The Forex Mom
During this time of recession, many investors are finding ways on how they can be able to survive this kind of financial turmoil. For a very long time, gold has been used for investments because of its high value and independence. It is not connected to any companies or government offices and not subject to any trading markets or individual countries. For these reasons, investing in gold can help businessmen avoid problems that are economic in nature.
Investing in gold can mean buying gold coins, gold bars and gold jewelry. There are many gold accounts that are available in the world of investment. Some prefer opening their investing account from companies that lets them buy gold and silver bullion at the lowest price. It will also be a good choice if you pick a company that is part-owned by the World Gold Council. Investors should be keen in choosing their gold bullion company. Bullion Vault, for example, provides their customers with an access to the professional gold bullion market in the world. Gold investors can buy, sell and store gold online in the most affordable price possible. You don’t have to worry about the insurance cost when storing in your chosen vault from countries like Singapore, Zurich, London and now in Toronto.
The price of gold is most of the time decided by the supply and demand of the market resource. Because gold has always been a valuable commodity, many investors are storing gold supplies during economic inflation. By storing gold, the supply becomes short and the demand for it is stronger. This makes the price of gold increase. And when the price is rising, investors can make a profit from gold. If they decide to buy more gold, the price will go higher and can sell those that they have stored for a profit.
Another way to invest in gold is to sell their gold when the price of gold in the trading market is going down. Gold can be sold in some markets like the Forex market without having the physical gold and buy it back later. In Forex trading, your gold can act as a protection against the US dollar. When the US dollar’s value increases, the price in gold trading markets decreases, and vice versa. Gold trading can be used by gold investors to balance their profit and loss against the US dollar.
Women have strengths that amaze men….