Forex is the Way to Make Money Sitting On the Beach

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By swanlin


Beach


I never thought I could be one of those lucky folks who can make money just about anywhere. Although I'm not quite doing that yet, but I'm well on the way. The truth is, I already know how, and I most likely would be able to do that in the next few months.

So what's the secret? Forex. Or some would know it as foreign exchange.

How does it work?

I log into the software on my laptop. The software varies from one trader to another depending on what broker their using and what platform they provide. My broker is gives me the ability the trade on my phone, so I don't really need my laptop with me to trade.

I have a simple strategy to trade, which is the breakout strategy on the GBP/USD. That means I take the highest and lowest point GBP/USD has reached in the last few hours, and I tell my software to automatically buy or sell when it goes past that highest or lowest points. I set price alarms, which means a text message is sent to my phone when my trade is triggered. I would have already set up my stops and limits, meaning I've determined how much I want to risk, and how much profit I want to take. Everything is automatic. My next text message is either going to tell me I've lost the trade, that's when my stop is hit. No worries, I try again the next day. After all, losing is a part of trading. The key is to win more than I lose. Or I would get a message saying I've taken my profit for my first lot. I might have a second, third and fourth lot still running, so I would break even those lots. Even if price reverses now, I wouldn't lose anything. The next message might tell me I've taken my second lot, and later on, maybe my third lot too.

Now, all these profits can be made while I'm on the beach! Life is sweet indeed. I'm closer to this goal day after day. I'm sure you can do it too if you put your mind to it.


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