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Last day of this writing week for me I think.  Its been a pretty slow day for me so I have been browsing around on Ebay for a while.  Have you ever noticed the number of people on there selling moneymaking opportunities?   There are literally thousands.  Here is what I don’t understand.  These products and systems make claims of thousands of dollars a week for just a few hours work, make millions in your pajamas.

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Several have asked me what is Forex?  So I’m going back to the basics for those who don’t know but may be looking for a new opportunity.  Forex simply stands for Foreign Exchange and it is the exchange of one countries currency for another countries currency.  Forex is a non-stop cash market open 24 hours a day and 5 days a week.  Currencies constantly change in value and the Forex system allows you to trade the currencies just like you would stocks on the New York Stock Exchange.  One difference for me is the level of excitement that the Forex market can bring.  The prices are constantly changing and volatile markets offer profit opportunities.  Because of the huge liquidity of the market, trades are done on leverage.  This give you much bigger buying power with less money.  Most brokers offer 100:1 leverage, some more than that. The Forex market has been around for some time, its only been recently that its been opened up more to individuals or retail investors to use thanks to the home pc and internet.  The Forex market is one of the main ways our large financial institutes make money.  By taking the money you deposit and trading it, buying and selling currencies as their value increases or decreases.  Like with the stock market, there is risk.  Trading with Forex take practice and skill.  If you have the patients to learn however, it can be a payoff.  I currently have a practice account with FxClub and in some days have made as much as $900.  If your up for something new, that truly does have a winning potential or just want a new challange, give Forex a try, but start with the free practice account first! 

The EUR/USD continued to be a winning pair so far today with it at a new record high.  Annalist believe that its going to keep going up as well.  This position has been a profitable one for me as its up over 230 pips. 

 If you’re new to the Forex market or have no idea what I’m talking about, be sure to check out FxClub if your interested in learning to trade on the Forex market.  It’s free to learn, and gives great flexibility since the market is open 24 hours a day.  Get started learning today!

I’m going to start my blog today by telling you about the perfect car scam that dealerships use everyday in this country and make hundreds of thousands of dollars off unsuspecting customers.  The scam is the promotional sale, the “big event” as its made out to be.  It starts by a dealership teaming up with one of the promotional groups to put on the event.  They print and send out flyers to address in all the surrounding areas.  The flyers make claims of huge savings and deep discounts. (continue reading…)