FOREX tips

Hi,
the key to FOREX trading is this.

Join eToro I dare you....




No seriously now it is a great tool and makes FOREX trading easy.

1. Join up and start a practice account
2. Read the economic news
3. Look for big NEWS
4. once you are confident on the practice account convert to actual money
5. MAKE MONEY ... BIG MONEY

ie as an example OIL Price went up big time after the Libya situation as of 2011-02-22
why? because the region produces a lot of oil and any unrest in the economy could cause supply issues and hence a price movement up?
how to profit ? buy oil on the eToro FOREX trader.

Natural disaster ie New Zealand earth quake in Christchurch
big news for this economy with a massive need to repair this larger city interest rates were put down to ensure that the economy is not crippled by high interest rates. This expansionary monetary policy immediately saw the New Zealand dollar take a hit lowering a few cents against the USD
an economic indicator and therefore YOU can make this news into a profit by trading on eTORO accoringly.
how to Profit on this news? sell NZD/USD as you know the NZD is going down and you make a profit.

hope it helps and really i can suggest read my below post for more details on eToro

click on my link and begin a trading account.
Open a Free eToro account now!


TJ