part 2

LESSON #1:

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
What the FOREX IS, and How to Take Part in the
World's Largest, Most Liquid Trading Market
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


"If you think what you do is exciting, you ain't seen
nothing yet. I'm an FX Trader".


Those were the words I heard over five years ago, and since
then, regardless of how confrontational, competitive, or
in-your-face they may have seemed at the time, I'm glad I
heard them.



I was just introduced to what we will affectionately call,
throughout this mini-course (seriously), "The World's Most
Lucrati.ve Hom.e_based Busin_ess" (but a lot more on that
tomorrow).


Even though you, and I, have had the opportunity to take
part in trading foreign currencies for profit (in the same
way banks and large corporations do) since 1998, it is just
now becoming the cool, hip, new "thing" to talk about at
parties, business events, and other social gatherings.


Even though it HAS been somewhat of a loosely guarded secret,
more and more investors are turning to the all- electronic
world of FOREX trading for income and profit because of its
numerous benefits & advantages over traditional trading
vehicles, like stocks, bonds and commodities (stay tuned,
for tomorrow's email, to get the inside scoop on this).


But, still, whenever something SEEMS new or is just becoming
a part of social conversation, news articles, and water
cooler gossip, misconceptions have to be overcome, the mind
has to be open and the slate has to be clear for starting
out fresh with the CORRECT information.


So, in this first Lesson, it is our attempt to give you some
solid, but not over-detailed, information on just what the
heck "FX" (FOREX) means, what it is, and why it exists.


Plus, we wouldn't want you to be the one giving the blank
stare, at the parties, when someone brings it up :-)


If you'd like to make $_200 to $_3,000 for as little as ten
minutes of work -- work that involves minimal risk, but
plenty of upside potential -- then this ongoing email mini-
course if for you.


As a friend of mine said, "Trading FOREX is like picking
money up off the floor. NOT trading FOREX is like leaving it
there for someone else to pick up." Others in the industry
have also said, "It's like having an ATM machine on your own
computer."


In this 20-part e-Course series, we will show you what they
mean.


=============


Here's the all-steak, no-sizzle explanation (one we feel
you'll appreciate) of what FOREX is and how traders, like us,
profit from it:


The Foreign Exchange Market, also referred to the "FOREX" or
"FX" market, is the spot (cash) market for currency.


But, don't mistake what we're doing as trading the futures
market, where you buy a contract to purchase a particular
currency at a future price in time.


What we do is much less risky than trading currencies on the
futures market, much more profitable, and a lot easier,
than trading stocks. [note: we'll tell you more about this,
tommorrow, in Lesson #2]


So, you're probably wondering where it's at ... or ... how
to access the FX market?


The answer is: FX Trading is not bound to any one trading
floor and is not centralized on an exchange, as with the
stock and futures markets. The FX market is considered an
Over-the-Counter (OTC) or 'Interbank' market, due to the
fact that the entire market is run electronically, within a
network of banks, continuously over a 24-hour period.


Yes, if that's the first time you've heard about an all-
electronic market, we know this may sound somewhat intriguing
to you.


And, it should be, because it certainly is.


Here's what you are actually trading when you participate in
the Foreign Exchange (FOREX) market:


Essentially, like the large banks who use the FX market to
protect themselves from the fluctuating exchange rate of
different currencies, as an investor, what we're doing is
simultaneously exchanging one countries currency for another.
So, in actuality, we're electronically trading a currency
-pair and the price that is quoted to us is the exchange rate
between the two currencies.


If you just said, "Huh?" ...no worries, we've got you covered
with an explanation.


In other words, simply the quoted price is how many of the
one currency is worth 1 of the other currency.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Example:

EUR/USD last trade 1.2850 - One Euro is worth $1.2850 US
dollars.

The first currency (in this example, the EURO) is
referred to as the base currency and the second (/USD)
as the counter or quote currency.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Okay, okay ... let me STOP myself before I get too deep into
Currency Pair education (we'll cover that with you in Lesson
#3)


Yes, this is a lot to share with you about this relatively
new, exciting market of unlimited profit possibilities -- a
market that has so many more advantages over other
investments, and even over other businesses, that it will
blow your socks off.


And, being the curious, ambitious person that you are, I know
you'd like to dive in. So, stay tuned for tomorrow's email
where we'll tell you why FOREX Trading is the ideal business
and what its benefits are over other investing vehicles.


But ..... WAIT !!!


I'll at least give you something to chew on overnight.


We get a lot of questions about FOREX - from folks who've
never heard of it to advanced, highly-skilled traders.


The one question that keeps popping-up from the former group
of people is this:


"If people, like you, are making so much money by trading
the FOREX, why would you share this information with
anyone else?"


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
SIDENOTE: a lot of courses will spend several pages
introducing the FOREX by giving a historical perspective.
In our opinion, for a trader, this is a waste of time.
Yes, it could be interesting to learn about the details
of Who,What, When, Where and Why but, just know that
historical knowledge will not help you to become a FOREX
Trader. However, we will leave you with the QUICK Info
below:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Here's the answer...


The FOREX has a DAILY trading volume of around $1.5 trillion
dollars - 30 times larger than the combined volume of all
U.S. equity markets. This means that 1,498,574 skilled
traders could each take 1 mill.ion doll_ars out of the FOREX
market every day and the FOREX would still have more money left
than the New York Stock would have daily!


Wow !


Yes, wow indeed. The FOREX plays a vital role in the world
economy and there will always be a tremendous need for the
FOREX. International trade increases as technology and
communication increases. As long as there is international
trade, there will be a FOREX market. The FX market has to
exist so a country like Japan can sell products in the
United States and be able to receive Japanese Yen in
exchange for US Dollars.


So, before tommorrow arrives, just keep this in mind:


There's plenty of money for plenty of traders to use the
same trading techniques / tactics and profit immensely. And,
with only 5% of the daily turnover of volume coming from
banks, government and large corporations who need to hedge
their investments,imagine what the other 95% is for -- bingo,
for speculation and profit.