subject: Forex to Retirement [print this page] Forex to Retirement is a path for people wanting to retire early with more money and for those wishing to restore depleted retirement nest eggs. Forex can also be used in Retirement to sustain retirement nest eggs and to double retirement income.
Forex-- for the unanitiated - is Foreign Exchange trading. Increasing numbers of people are turning to Forex as a path to early retirement as currency trading produces large profits quickly once you have learnt the basics. Forex trading is simply a business buying and selling "MONEY". It is rather unique in that you do not use your own money to buy currencies but you are lent money by forex brokers with which to purchase large currency contracts. The amount you are loaned varies from broker to broker and depends on what you deposit into your trading account. In October 2010 US regulators have decided to cut the amount of money you can borrow against your own capital to 50 times your own money. IN other countries there is still no cut back so you are still able to borrow 100 times up to 500 times the size of your own money and use that to trade with. Do not worry about losses though as the only money you can lose is what you deposit in your trading account - not the money loaned by the forex brokers. IF you close out your trades at end of day you avoid overnight interest charges so you can borrow money to buy and sell currencies each day interest free.
Because of this leverage factor people with just $1,000 or $2,000 can purchase currecncies worth $100,000. This makes it possible for many to make $1,000 a day profit for small favourable moves in the price of a currency against another. Many novices have begun trading currencies for a living but they do not themselves do anything more than turn on their computer as for less than $200 they are able to acquire a fully automated forex trading robot that places all the trades for them. In fact no human intervention is required. You can use an automated trading robot to work for you buying and selling currencies 24 hours a day while you do other things - such as sleep, play golf or go to another job.
Automated trading robots offer the best path of forex to retirement. For people in retirement forex is a godsend and for many it turns out they can retire sooner by choosing forex to help them not only retire sooner with more money but also in retirement. Traditional investments such as shares and property metled in the Global Financial Crisis which hit the world in every corner. Forex was impervious to the global financial calamity. In fact forex traders were able to capitalize on the financial turmoil and made billions thanks to the extremem market voloatilities. The forex markets can not crash - as when any currency falls in value there is a corresponding rise in another currency.
