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Wednesday, October 29, 2014

How to Make Money in the Dark Side of the Internet by Marc Charles

How to Make Money from the Dark Side of the Internet “Underbelly” Over the Next 12 Months Using a Little-Known Skill

8:22 AM

Greetings all....

There's a battle raging beneath the Internet. 

I’ll show you how to produce a nice income for yourself…in a great side business. 

Or you can choose to leverage this market in a bigger way.

Here’s the deal…..

Like I said….there’s a war taking place in the Internet’s “underbelly”. It’s like the movie The Matrix, but this is real not a fantasy.

And actually, it’s not limited to the Internet. This warfare is taking place on corporate intranets, extranets, wireless networks and everywhere in between.
About the only place you won’t find a battle is on “dead drops”. Which are “off Internet” style P2P file sharing zones such as DeadDrops.com.

The problems are being caused by pesky little things called "bug variants."
A "bug variant" is a conscious software programming error which can have many different negative side effects. 

For example, bug variants in Web browsers cause security breaches, deceptive downloads, automatic redirects and malicious viruses.

"Variants" are new strains of viruses which borrow code from other known viruses. 

A letter or letters following the virus family name usually identifies the variants.
For example, AgentBKY, SmallDAM, VBS.LoveLetter.B., VBS.LoveLetter.C., and WareZOV are all “bug variants”.

Bug variants are easy to understand for people who know the basics of programming, viruses, and software architecture. 

But get this.

There are incredible money making opportunities surrounding “bug variants” and the programming warfare taking place as we speak.

Heck….network security is the fastest growing sector in information technology!

One opportunity is professional hacking

Granted, you might not be tech savvy or even have an interest in this area. But you might know someone who is. Give them this information today!

What’s more, you can also invest in entrepreneurs and companies who are successful in network security, encryption, virus detection, IT forensics and professional hacking.

Believe me…this is a HOT rising trend.

Who would have guessed you could make money by eradicating bug variants on the Internet? 

But it's true! 

Programming, professional hacking and network security is a legitimate business opportunity and the demand is growing like wildfire.

Robert Graham, founder and CEO of Errata Security, said, "We’re seeing kids playing and pretending to be masterminds, but recently, we saw the rise of the professional hacker. Many hackers are graduating into the professional ranks too. This development carries serious implications for corporate security."
And this is the opportunity for professional hackers.

How to Make Money as a Professional Hacker

One of the best ways to get started as a professional hacker is to start hacking. 

I’m serious.

There are thousands of books and online tutorials available to help bring you up to speed. 

But my 18-year-old son assures me the best “hacking” information and tutorials are posted online, in hacking forums, gaming chat rooms, and on encrypted websites. 

Hackers get a "kick" out of divulging their escapades!

As Graham points out, ordinary programmers in a “job” write code to pay the bills.

But professional freelance hackers think of this as something to do for fun.
Most hackers are delighted to find someone willing to pay them to do it. But for many hackers, money is secondary or even relevant. 

Don't get me wrong. 

I'm not suggesting your break into professional hacker to screw things up, steal, or cause malicious problems for people and businesses.

I'm confident if more people learn how to hack and become "tech savvy" with regards to bug variants, viruses, and other network security issues, there will be fewer opportunities for wayward geeks to get their thrills.

The big money is in providing this service for large corporations, governments, military, education, health care, and e-commerce. 

My preference would be to approach this market as a freelancer rather than an in-house hacker or in a “job”. 

Granted, you may have to work with a company on a part-time or intern basis to get your feet wet.

There’s a new job title in networking and security circles, it’s called a "Chief Hacking Officer." 

I’m not kidding.

There were hundreds of freelance programmer and hacker opportunities posted online on sites like CodeWalkers, HackingAlert.com, and DICE

If you review these postings you’ll become familiar with what companies are looking for when it comes to professional hackers. 

Many times professional hackers will also be referred to as “code specialists” and security programmers. But either way you’ll begin to see a tremendous need for professional hackers.

On top of that, the windows of opportunity have opened in three new sectors too: Google hacking, mobile phone (and iPhone) hacking, and Linux hacking. You can also join in the fun with online games.

This market is growing in leaps and bounds.  Google “hacking” and you’ll see what I mean.

On top of that, the money making potential in this sector is serious business.

Your humble host,

Marc Charles

******* Action Strategy *******
If you're new to hacking, and you have an interest in it, it’s fairly simple to bring yourself up to speed. 

One of the best ways to learn hacking is on hacking websites, forums, discussion lists, and IT Security websites which are devoted to the area.
There are a certification courses in "ethical hacking" too.

The Security Certified Network Architect (SCNA) offers one of the most respected courses. 

If you're already proficient at programming and hacking and you want to start making money, the fastest way to get started is by posting your availability on the most popular security boards.  I’ve included a ton of links to them in the Valuable Resources section.

Simply post your qualifications and expertise or interest on the top hacking sites and forums. 

I realize there’s a huge demand for a “high-level” security experts and hackers is with larger companies, corporations, governments, military, etc.

But there are plenty of opportunities in the small and medium sized business market too.

Direct marketing should be a part of any fast start strategy.

Most freelance programmers and hackers think marketing is a “sin” (and I know because I’ve hired, trained and worked with dozens of them).

But a simple, persuasive sales letter sent via FedEx to "A Prospects" (companies who hire professional hackers and security experts on a regular basis) could be very effective at securing projects.

Another approach is entering hacking tournaments.

If you place in the top percentile of these high-profile competitions, you'll have more work and offers than you could ever handle. 

DEFCON hosts one of the largest hacking events in the world. 

You can also post a website or blog and “lace” it with security, virus and hacking terms with SEO and SEM in mind.

I helped a freelance programmer recently post his bio and expertise with a simple website and domain for under $100. He told me he receives quality traffic, inquires and leads every week. He hosts his bio/website free of charge on DotEasy.com

Now we’re talking!

Look….it’s simple. 

The security, hacking and virus sector of programming is a HOT rising trend. If you can hack and you know how to market and close contracts you’ll have more work and projects then you can handle.
Have fun!


************ Valuable Resources**************

Top Freelance Hacking Job and Projects
CareerBuilder
IT Jobs Post (UK)
Security Focus Jobs
Craigs List
ITtoolbox
ScriptLance
CodeLance

Premier Hacking Competitions
Zone-H
LinuxSecurity (announcements)
Ghetto Hackers
Hack in the Box (announcements)

Additional Hacking Resources  
HackingAlert.com (Hacking school, competitions, tools, forums, etc.)
SecureRoot
HackersCatalog.com
JINX
The Network Administrator
phpBBHacks
Astalavista (fast crack engine)
Hacker Threads
How to Become a Hacker
Hackers World Portal
Phrack (digital hacker's magazine)
2600 - The Hacker Quarterly
CIO Magazine
W3Privacy

Monday, October 27, 2014

Great Halloween Parties in SF

3:52 PM

Hi Gang:

One of my consulting clients - Jamie Barren -- just lauched a site to promote all of the best Halloween parties in San Francisco -- check it out

Best San Francisco Halloween Parties - http://bit.ly/hallow2014sf



Here's all the Twitter info if you want to RT for him as a gift:


Best #SanFrancisco #Halloween parties http://bit.ly/hallow2014sf #sfhalloween @WSanFrancisco @jamiebarren

  



Thanks.


Marc

Tuesday, October 21, 2014

You Can Build a House without Borrowing Money by Marc Charles


How to Build a House without a Mortgage

Dear Entrepreneur:

I built my first home without a mortgage. I’m on my third one now.

You can read my new book about it on Amazon.

I have the records to prove everything I’m going to show you today. Everything is 100% true, accurate and it’s not a joke.

Show Me How This Works

It would be impossible for me to cover the myriad of details, situations, deals and specifics in today’s issue. So lets’ consider this a brief “overview” of the topic.

I realize it’s hard to build a home without some money. You can barter until you’re blue in the face…but you’ll still need some cash.

If you don’t have cash my suggestion would be to commit yourself to making as much as possible in the shortest period of time.

Most people won’t commit to accumulating cash, and stop spending money on new cars, restaurants, vacations, girlfriends, or whatever. In other words, it’s a two-sided coin; building cash and slash spending.

Anyway, the first time I did this I accumulate $50,000 as quickly as possible. I did it by working several side service businesses. My main business at the time was an ad rep agency.

I accumulated $52,000 in nine months; one week and six days….and I kept the money is a separate account.

With cash in hand I was ready to start my adventure of building a house without a mortgage.

Here’s what I did…….

1)    Buy land at a DEEP discount.
People laugh when I tell them how I did this….but it’s true.

In order to keep expenses down my advice would be to forgo overpriced areas. In other words head for the hills and select rural areas. The suburbs are not rural.

I selected a small town in rural Maine. I went to the town office and collected the names of every property owner who owned 20 acres of land or more. I wrote a friendly, slightly humorous letter to each of the land owners, and told them I was only looking for a couple of acre.

Five out of thirty land owners responded. Three of the five offered me overpriced, overvalued oceanfront lots. But two land owners were willing to sell a couple of acres. I acquired the land at a deep discount.

2)    Build It – But Do It CHEAP!
I obtained a site survey before I purchased the land. This will let you know the exact dimensions of a property, and whether or not it will be suitable for sewage, a well, and building, etc.  Everything checked out before I made an offer on the land.

Then I hired a local kid to clear the land, dig a septic tank and a leech field.

I acquired more than a dozen bids. I focused on the bids of people who were honest, trustworthy and willing to put everything is writing. Eight contractors were either unwilling to put everything in writing, or they couldn’t provide legitimate referrals (no relatives). Some of the guys wouldn’t look me in the eyes, and so I dumped them.  I focused on two people….one received the land work, and one received the septic system.

The guy who dug the septic system tried to screw me by adding $4,000 to the final invoice. We had everything in writing, signed and dated. I never paid the “stupid charge” and his lien was thrown out of court.

3)    Build the Foundation.
This is a big deal. If you screw up the foundation you can kiss your home goodbye.

I obtained six bids and chose the one with the most enthusiastic customers and employees.  I always talk to employees.

The foundation dimensions for this particular house were 32’ x 36’ with a daylight basement (cape style).

I was thrilled was the foundation company’s workmanship as well as the owner. The owner was on the job site, actually working, every day.

4)    Cap the Foundation and Complete the First Floor
I found a young, eager, rookie carpenter who offered to work for $20 hour. We found him through a local technical college. Our carpenter won third place in a national carpentry competition (out of 1600 participants).

Half way through this first phase of the project our carpenter showed up with his father. His father explained his son felt thought he was getting ripped off. I explained we had an agreement in writing, which was signed and dated. I was honoring the agreement. His father said his son wanted $30 hour and $10 per hour for his helpers, in order to finish framing the house.

I agreed.

The First $50,000 Spent!

The land purchase, survey, clearing, septic, leech field, foundation and framing for the first floor cost about $42,000 – labor and supplies.

The roof framing and plywood (Adventech) ran $8,000 – labor and supplies.

So the first $50,000 was spent!

Keep in mind, I was still working my businesses and accumulating cash. In fact, by the time this first phase of the house was complete I had accumulated an additional $15,000 for the project…which I placed in a separate account.

5)    Interior Framing and Drywall.
Once the exterior framing and roof was complete (weather tight) we started on the interior framing and drywall. I did this with my wife, kids and friends.

However, I hired a professional drywaller and painter for the first and second floors. We hung all the drywall and the professional did all of the mudding, sanding, painting and finish work.

6)    Interior Plumbing and Heating
The interior plumbing was super easy.

The problem was finding an honest, reliable and trustworthy plumber. If you’ve ever built or fixed a house you KNOW how hard this is to do.

We did some of the basic plumbing ourselves but hired a professional to pull it all together. We chose radiant heat in the concrete foundation and baseboard throughout the house..

7)    Power up!
Before the drywall was complete we wired the house for electricity, Internet (Cat 5) and DirecTV.  We also insulated and set the plumbing pipes.

We had the power company run wires from the main road to our house. We qualified for a special program so we only paid $1,000 to get the power from the main road to our house (400 feet – 35 feet underground).

When the plumbing, heating and wiring was complete, we brought in a freelance engineer and consultant to check everything. Then we “powered up” the systems and everything worked!

The Next $15,000 Spent!

As I said, we did most of the wiring, interior carpentry, laying pipes, general labor, roofing, etc. ourselves and with friends (we paid and fed them).

When it came time to “flip the switch” I spent an additional $15,000.

The next phase of the projects was the interior finish carpentry, floors, tile, carpet and miscellaneous.

Again most of these projects we did ourselves, with the exception of building stairs, finish carpentry, siding and finish drywall and painting.

I spent about $22,000 on labor and supplies in these areas.

The approximate grand total for this particular house was $87,000.

We lived in the house part time as it neared completion (and even wintered in our other home in Florida).

There are some things which still need to be completed such as a deck, finish landscaping and additional interior finish work.

But this entire house was built over a three year period, without a mortgage, for less than $100,000. The house was recently appraised at more than $325,000!

I own the house free and clear, there’s no mortgage or debt on the property whatsoever.

And it’s located in one of the most beautiful areas in the United States….so it CAN be done!

Your humble host,

Marc Charles

(Ed Note:  Marc Charles is referred to as "The King of Business Opportunities" ....and for good reason. He should be known as "The King of Legitimate Business Opportunities"...because he's launched, bought, sold reviewed and advised on hundreds of businesses and money making opportunities. He understands legitimate opportunities. Marc has agreed supply League of Power members with crucial updates regarding legitimate business and money making opportunities.)

*** Action Strategy ***
Want to build a house without a mortgage? 

How about gaining access to a secret world of “comps”, DEEP discounts, VIP treatment and cash?

What Are People Saying About Marc Charles?

Marc has an uncanny ability for spotting profitable trends and creating businesses around them.  He’s a simple guy, making a ton of money for a lot of people. 
                                                                                                                        R Fung

I’ve saved thousands of dollars because of Marc’s unique recommendations and insight. Marc’s a true “deep discount” maverick and entrepreneurial genius.

                                                                                                                        Susan C

*** Valuable Resources ***

Find deep discount carpenters, plumbers, electricians and painters at local trade schools – Trade Schools Guide

Find deep discount land by going direct to owners. Town office tax map directory. Google property tax maps for your local area.

Find honest, hardworking people for all kinds of physical labor and work at Manpower and HireAHelper.

Find people to help you on CraigsList (we used it dozens of times!).
Buy countertops, cabinets, vanities, appliances and building materials at HUGE DISCOUNTS from Green Demolitions.

Buy siding, roofing, flooring and more from Build Direct and save big time. Although these guys are not “discounters”, you can save a lot of money when compared to Home Depot, Lowes or WalMart Superstores.

Monday, October 20, 2014

Great Insight

8:37 PM

Hi Gang:

I'm copying an email I recieved from my friends at AWAI.

It's really good if you have any interest in copywriting.

I endorse, recommend, like and suggest almost anything AWAI produces.

Seriously.....it's the best of the best :)

Marc Charles

______

Hi, my name is Christina Gillick.
Around AWAI we often say you should follow a plan or a roadmap to success.
But, when first sitting down to put your own plan together, it can feel like staring into a box of 1,000 puzzle pieces.
By viewing the box top, you know what the finished product should look like. But where do you start?
I'll answer that question today.
Then, throughout this week, I'll help you understand how the pieces of the writer's life all fit together like the pieces of a jigsaw puzzle.
You'll find as you put the important pieces in place, the picture starts to emerge, and everything becomes clearer and easier.
Let's start with the corner pieces of your puzzle …
Think of these as the basics of persuasive writing. Finding them and putting them in place is a simple, but necessary, step to building your puzzle.
Here are four basics I review every time I write:
1. The Power of One.
This principle – as explained by Mark Ford under his former pen name Michael Masterson – says to always stick to one idea, one emotion, one story, and one action for your reader to take.
Even if this is the only basic tip you use, it will increase the quality of everything you write.
2. Write like you talk.
Next, Paul Hollingshead explains in the AWAI Accelerated Program for Six-Figure Copywriting, forget everything you learned in school about writing.
When writing persuasively, it's best to write like you talk.
To do this, picture the reader sitting with you. You're trying to convince him or her to take an action.
What would you say?
3. Emotions sell.
Gary Bencivenga – arguably the world's greatest living copywriter – teaches us that emotions sell.
Your reader is more compelled to read your copy and take action when you appeal to his emotions – whether it's fear, greed, or something else. (You'll also want to include reasoning, facts, and proof – but that piece will come later.)
4. Benefits over features!
This concept, explained in detail in AWAI's Accelerated Program, says that features are the facts or material details of a product, such as the size, shape, or color. For example, "This car gets 50 miles per gallon."
Focusing on the benefits is more powerful, because they reveal how the product's features will change the reader's life. For instance, "You'll spend less on gas, saving money for other things."
While the four basics above are easy to understand, they take time and practice to master.
In fact, I review these basics at least weekly to keep my writing as persuasive as possible.
Today's action item is to print out or write down the four basics above.
Tack or tape it up on the wall close to your writing area.
But don't stop there – review the list of basics each time you practice your writing. (For more information on these basics, see this article.)
If you have any questions, hop over here and post it in the comments.
Then be sure to join me tomorrow for the piece of your writer's life puzzle that creates the framework for your business.
All the best,
Christina Gillick
AWAI Circle of Success Member

Saturday, October 18, 2014

How to Make $1,000 by Marc Charles

How to Make $1,000 Over the Next Few Days (or maybe a week)

7:37 AM

Dear Entrepreneur:

You’re going to love this and it works.

I wrote a book about it too (on Amazon).

I watched as four guys tapped away on their keyboards…with graphs and numbers whizzing across their screens in a small, back office in Rockport Maine.

What were they doing?

They were doing what millions of other entrepreneurs are doing….but with an unusual twist.

I’ve never seen anything like it before.

I was invited to watch these guys by a family friend. They were trading the FOREX market…currencies.

You’re probably thinking……”Forget it man, that’s risky stuff”.

But hear me out.

I thought it was super risky too, and I’m no rookie!

I traded currency futures as a fulltime and as a money manager for eight years.
But I was completely clueless about the FOREX market….until this little pow wow in Rockport.

$3 Trillion Raging Torrent of Cash 

The FOREX market is a $3 trillion raging torrent of cash. You can research the numbers.

It’s different (and not as risky) as trading currency futures.

I’ll show you how you can make money in the FOREX market just like these guys in the back office.

But first, I’ll give you some background so we’re on the same page.
Make no mistake about it….this business can be run from anywhere in the world. 

The guys I mentioned work in back office in a beautiful historic building in the village of Rockport Maine.

But that’s not all….

You can run this business from almost anywhere!

I know of entrepreneurs trading FOREX from luxury tents in the middle of the desert.

I’m not kidding.

I also know a woman that trades from an empty warehouse. There’s also guy working this market from a house boat on the Ohio River. The list goes on and on…I even read about a retired schoolteacher trading from a VIP box at a major league baseball game!

Simply put….FOREX is the largest electronic marketplace in the world.
FOREX is used by banks, governments, drug cartels, ex-patriots, international corporations, sheiks, kings, and tiny speculators like you and I.

The best part is you can start trading with less than $2500. I know entrepreneurs who started with less than $1000!

Granted…you can lose money in the FOREX market too. Don’t kid yourself.
But I’ll show you how professional traders limit their losses. You can copy their strategies.

When I talk about “limiting your losses” here’s what I mean…

A professional currency trader once told me, “Managing losses is more important than making money in this business”. 

He added, “Making money is the easy part”.

For this trader managing losing trades became the focal point of his strategy.
There’s an old adage in the FOREX and currency trading markets which states:
“Cut the losers and let the winners run”

This means a trader needs to learn how and when to cut losing trades, and when and how to let the “winning” trades run wild.

Sometimes it’s easier said than done. 

I’ll show you one strategy for limiting losses in this week’s issue.

FOREX – or “FX” – stands for Foreign Exchange. It is the largest and most liquid financial market in the world – 30 times larger than all the U.S. equity markets combined.

“Foreign exchange” is the simultaneous buying of one currency and selling of another.

About 5 percent of the daily volume in this market is from companies and governments which buy or sell products and services in a foreign country or must convert profits made in foreign currencies into their domestic currency. 

The remaining 95 percent is produced by individual traders who participate in the market for profit.

For most entrepreneurs, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies, called “the Majors.”
Today, more than 90 percent of all daily transactions involve trading “the Majors”.

The Forex Currency “Majors” are:
·        The U.S. Dollar
·        The Japanese Yen
·        The Euro
·        The British Pound
·        The Swiss Franc
·        The Canadian Dollar
·        The Australian Dollar

The FOREX is a true 24-hour market. 

In fact, the FOREX begins trading each day in Sydney and moves around the globe as the business day unfolds in each financial center – first to Tokyo, then to London, and then on to New York. 

Unlike other financial markets, investors can respond to currency fluctuations caused by economic, social, and political events at the time they occur – day or night.

The “FX” market is considered an Over the Counter (OTC) or “interbank” market, because transactions are conducted between two counterparts over the telephone or via an electronic network. 

And get this…..

FX trading is not centralized on an exchange, as it is with the stock and futures markets.
The most significant difference between the FX market and the currency futures market is participants in the FX market deal on a principal-to-principal basis. 

In the currency futures market, participants deal, instead, through brokers in an “open outcry” exchange.
Okay here’s the good news…..

Internet brokerages now give individuals access to this market.
The low entry costs (sometimes as low as $500 as I said) have drawn thousands of small investors, traders, and speculators into the market.

But that’s not all…..

New “Mini” FX Accounts for Small Position Traders and Investors
The new “mini” FX accounts are a great way for small traders, investors, and speculators to make money too.  

Most of the new “mini” FX accounts can be opened with less than $1000. The contracts are about a third of the size of a standard FX contract.

Here are some top brokerages which offer both regular and “mini” FX accounts:
·        HotSpotFX
·        Forex
·        FXCM
·        GAIN Capital
·        Saxo Bank
·        GCI Financial
·        IG Foreign Exchange
·        Global Forex
·        ForexClub
·        AFM
·        CitiFXPro
 
All of these brokerages will help you open an account and get started trading.
Most FOREX brokerages offer step-by-step practice tutorials too.

Listen to this…

The sheer number of currencies traded in the FX market serves to ensure extreme volatility on a day-to-day basis. 

There will always be currencies which are moving up or down, offering opportunities for profit (and commensurate risk) to traders. 

Believe it or not, extreme volatility is actually a good thing!
It means a market is moving like wildfire. If you’re on the winning side of a trade you’ll make money much faster!

How to Make $1,000 with FOREX

In order to make $1,000 in one week on FOREX you’ll need to generate 1000 “pips”.  

I’m simplifying here …but stay with me.


Let's assume we only have winning trades 50 percent of the time.
In this case we will need to shoot for 200 “winning” pips each day. This could be done by taking more trades. 
I recommend keeping it simple and only using 6 currency pairs.
I would track the currency pairs on a four hour chart (easy on any FOREX site or with charting software). 
Okay…..I would place a 200 bar moving average, and a 50 bar moving average on the chart. 
If the 50 bar moving average crosses the 200 bar moving average, then you could take a FOREX long trade. 
It would be the exact opposite for a sell trade.
Keep your stops in the neighborhood of 50 pips, and use your take profit order in the 90-125 pip area.
At $1 per “pip” you would make $1,000 in five trading days.
The FOREX offers a ton of ways to lower risk and enable traders to profit in both rising and falling markets. 

FOREX also makes it possible leverage positions (the most attractive aspect of currency futures), with low margin requirements. 

Best of all, FOREX charges zero dealing commissions!

Marc’s FOREX Basics – Easier Than You Think!
1. Buying and Selling Currencies
Currencies are always priced in pairs. All trades result in the simultaneous purchase of one currency and sale of another.
While trading on FOREX, you would execute a trade only at a time when you expect the currencies you are buying to increase in value relative to the one you are selling.
If the currency you are buying does increase in value, you must sell the other currency in order to lock in a profit.
An open trade (or open position), therefore, is a trade in which a trader has bought or sold a particular currency pair and has not yet sold or bought back the equivalent amount to close the position.

2. How Base Currencies Are Quoted
The first currency in the pair is considered the base currency; the second is the counter or quote currency.
Most of the time, the U.S. Dollar is the base currency, and quotes are expressed in units of 1 USD per counter currency (for example, USD/JPY or USD/CAD).
The only exceptions to this convention are with the Euro, the Pound Sterling, and the Australian Dollar, which are quoted as dollars per foreign currency.
FOREX quotes always include a bid and an ask price. The “bid” is the price at which the market maker is willing to buy the base currency in exchange for the counter currency.
The “ask” is the price at which the market maker is willing to sell the base currency in exchange for the counter currency. The difference between the bid and the ask prices is referred to as the “spread.”

The cost of establishing a position is determined by the spread, and prices are always quoted using five numbers (for example, 134.85), the final digit of which is referred to as a point or a “pip.”

For example, if USD/CAD is quoted with a bid of 134.85 and ask of 134.90, the five-pip spread is the cost of trading this position. 

From the start, therefore, the trader must recover the five-pip cost from his profits, necessitating a favorable move in his position in order to simply break even.

3. The Rollover Transaction
In the spot FOREX market, trades must be settled within two business days. For example, if a trader sells a certain number of currency units on Wednesday, he must deliver an equivalent number of units on Friday. Some currency-trading systems may allow for a “rollover,” with which open positions can be swapped forward to the next settlement date (giving an extension of two additional business days). 

The interest rate for such a swap is predetermined – and, in fact, these swaps are actually financial instruments that can be traded on the currency market.

In any spot-rollover transaction, the difference between the interest rates of the base and counter currencies is reflected as an overnight loan. If the trader holds a long position in the currency with the higher interest rate, he would gain on the spot rollover. 

The amount of such a gain would fluctuate day to day according to the precise interest-rate differential between the base and the counter currencies. 

Rollover rates are quoted in dollars and are shown in the interest column of the FOREX trading system. Rollovers do not affect traders who never hold a position overnight, since the rollover is exclusively a day-to-day phenomenon.

What is Margin?
Trading in the currency markets requires a trader to think in a slightly different way about margin. 

Margin on the FOREX is not a down payment on a future purchase of equity. It’s a deposit to the trader’s account which will cover any currency-trading losses in the future.
A typical currency-trading system will allow for a very high degree of leverage in its margin requirements, up to 100:1. 

The system will automatically calculate the funds necessary for current positions and will check for margin availability before executing any trade.


The FOREX Learning Curve
The learning curve is substantial, especially if you’ve never traded currency futures, options, or equity markets. Therefore, in order to accelerate your understanding of this market, you’ll need to read as much about it as you can. 

I’ve listed a few books below that will help. There are also dozens of FOREX trading seminars available. But, as always….buyer beware. 

The best FOREX trading seminar would be one conducted by someone who is a successful trader but is also a skillful teacher. Not everyone can teach.

A quick search on Google for “FOREX Training” or “FOREX Seminars” will produce a slew if results.  The best resources are usually based on other people’s recommendations….so read the testimonials.

You’ll find hundreds of books (and reviews) on Amazon.com and AbeBooks.com (used books) too.
$50,000 Practice Account Absolutely Risk Free!
At Forex.com you can sign up for a $50,000 FOREX practice account absolutely free. That’s right. A “practice” account. This enables you to try the FOREX waters without risking a dime!

On top of that, Forex.com is packed with free tutorials, webinars and live instructive classes. It’s a great resource for beginning FOREX traders.

Another way to get up to speed in this market would be to work as an intern or apprentice at a FOREX trading firm. That’s how I learned! You’d be amazed by how much you can learn about the FOREX markets by assisting experienced traders.
Because of the opportunity for large profits the FOREX markets are hard to resist.
So it’s a good idea to understand and manage the “risk” potential too.

A Sound Strategy for Limiting Losses
One of the greatest aspects of the FOREX market is the ability to place “stop loss orders”.
A “stop loss order” is an order to buy or sell when the price of a FOREX contract drops or rises to a designated level.

For example, let’s say you buy the Japanese Yen and sell the US Dollar at a certain price point. But the market moves against you….in this example the Yen falls in value in relation to the US Dollar.

You can place a “stop loss order” BEFORE you enter this trade to protect yourself and limit downside losses.

When the “stop loss order” is triggered (automatically and electronically) you would be removed from the trade, and your position would be liquidated.

I always trade using “stop loss orders”….even when seasoned traders tell me I don’t need them!

If you trade the FOREX markets it’ll be a good idea to familiarize yourself with the various methods of risk management, like stop loss orders.

This is a great business opportunity for startup entrepreneurs. 

Have fun and trade wisely.

Regards,
Marc Charles
“The King of Business Opportunities”


**** Action Strategy ****
Sign up for a $50,000 FOREX.com practice account absolutely risk free today.

You don’t have to risk a dime!

It’s that simple!

But you need to move on the information in this week’s issue if you want to make money.

IMPORTANT NOTE: FOREX trading involves significant risk of loss and is not suitable for all investors.
****Valuable Resources ****

Recommended Books on Trading FOREX Markets
Trading Global Currency Markets, by Cornelius Luca
An Introduction to Foreign Exchange and Money Markets, by Reuters Financial
Currency Markets: How to Access and Trade the World’s Biggest Market, by Phillip Gotthelf

FOREX Mentoring and Training Programs
Concorde Forex Group, Inc
FOREX Tips
Euromoney Training
The Ultimate FX Predictor

Opening a FOREX trading account
Global Forex Trading
FXCM
Saxo Bank
Crown Forex
FX Solutions, LLC
Forex.com
XPRESSTRADE