Investing in FOREX is a great method for creating automatic residual income

FOREX trading is all about trading foreign currency, stocks, andsimilar type of products. The currency of one country is weighed against the currency of another country to determine value. The value of that foreign currency is taken into consideration when trading stocks on the FOREX markets.
Most countries have control over the value of that countries value, involving the currency,or money.
Those who are often involved in the FOREX markets include banks, large businesses, governments, and financial institutions.

What makes the FOREX market different from the stock market?
A forex market trade is one that involves at least two countries,and it can take place worldwide. The two countries are one, with the investor, and two, the country the money is being invested in.
Most all transactions taking place in the FOREX market are going to take place through a broker, such as a bank.

What really makes up the FOREX markets? The foreign exchange market is made up of a variety of transactions and counties.Those involved in the FOREX market are trading in large volumes,large amounts of money. Those who are involved in the FOREX market are generally involved in cash businesses, or in the trade of very liquid assets that you can sell and buy fast. The market is large, very large.
You could consider the FOREX market to be much larger than the stock market in any one countryover all. Those involved in the FOREX market are trading daily twenty-four hours a day and sometimes trading is completed on the weekend, but not all weekends.
You might be surprised at the number of people that are involved in FOREX trading.
In the years 2004, almost two trillion dollars was an average daily trading volume. This is a huge number for the number of daily transactions to take place. Think about how much a trillion dollars really is and then times that by two,and this is the money that is changing hands every day!
The FOREX market is not something new, but has been used for over thirty years.
With the introduction of computers, and then the internet, the trading on the FOREX market continues to grow as more and more people and businesses alike become aware of the availablily of this trading market. FOREX only accounts forabout ten percent of the total trading from country to country,but as the popularity in this market continues to grow so could that number.
" title="Buy"alt="Buy">Prophet1 Forex Expert Advisor for the Metatrader 4(MT4) Platform is a highly profitable automated trading system.Most expert advisors sold today do not deliver the profit theforex investor is seeking. Most will only work in certain marketconditions and for short periods of time. Not Prophet 1.Prophet1 is profitable in all market conditions and for extendedperiods. Our test will show our trades are over 90% profitable,growing our balance from $1,000 to over $42,000. Amazing results.

FAQ's

Q: can Prophet1 be used with any currency pair?
A: No. It is designed to work with only the GBPUSDQ: can you use any time frame?A: No. It is designed only for the GBPUSD on the 4 Hour Chart

Q: Is Prophet1 fully automated?
A: Yes. You only need to set Prophet1 on the GBPUSD 4 hour chart and let it run.

Q: Is there money management build into the EA?
A: No. In the settings you choose the number of lots. In our testing we used one standard lot for all trades.

Q: Does it matter what forex broker you use.
A: No.

Author: Sairil Syam
About the author:http://www.blogger.com/" Prophet1 Forex Expert Advisor for the Metatrader 4(MT4) Platform is a highly profitable automated trading system.


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