Benny Tejeda

Is Forex Trading a Gamble? That’s what everyone thinks at first but it really isn’t. Forex Trading will become gambling when there is no fundamental or technical reason supporting a trading decision. Let me explain…

Gambling

- To bet on an uncertain outcome, as of a contest.
- To play a game of chance for stakes.
- To take a risk in the hope of gaining an advantage or a benefit.

Speculating

- to engage in any business transaction involving considerable risk or the chance of large gains, esp. to buy and sell commodities, stocks, etc., in the expectation of a quick or very large profit.

Gambling can mean alot of things. Going to work for someone else is gambling. How do you know it will be there tomorrow? Trading Forex realy depends on your competence and intention. If you don’t know what your doing and want to make quick and easy money that is gambling. If you are very competent and want to make money in the forex market, that is speculating. Speculating in the forex market and holding on to your losing position, that is investing.

To sum it up, forex trading is a profitable real business for those who have the patience to learn the nitty-gritty of it. If you dont have that patience, then stay with your day job or w/e you do with your life.

What’s up Guys,

Let me start off by saying that any opinion here is welcome and this post probably goes to those who are looking for a WAY to start making money online or those who don’t want to learn affiliate marketing because your too lazy to start testing offers and losing 1k a day with no profit.

Alright, so a few months ago I was talking to my good friend John Hasson on how potential Forex Trading is and how he should give it a try. I recommended him a book to start him off and from that day on it’s history. He started paper trading for maybe about 1 week then went live… Yeah he went live after 1 weekish! You know how long it took me to start trading live? Let’s not even go there but anyways John is a real smart guy. For those of you who don’t know John he’s been doing affiliate marketing since 2006 and also a great programmer.

So, I told John to tell me his views on Forex Trading and how potential it is over Affiliate Marketing. Even though he’s only been doing it for a month, John already saw the difference. Here is a what he said

6 Reasons Why I Prefer Forex - John Hasson

1. With Forex I don’t have to trick poor people into buying magic berries
2. Forex is scalable, say in Affiliate Marketing you find a few good products in tight niches.. you can only expand that so much..
3. With Forex it doesn’t hurt you to share tips and tricks, aff marketing, everybody has to keep it a secret.[Ex: Don't share landing pages, keywords, etc. shh shh]
4. Going from $2000 a day to $20,000 a day involves little more then just investing more per trade
5. You don’t have to keep chasing new offers and having aff managers humping your leg
6. Don’t need to wait to get paid

John threw some heavy shit in that list and I bet he can come up with some more. He also profited 204 pips in one week! which is awesome for someone who just started trading live. Yes, Forex trading has it’s cons but you don’t have to deal with that bullshit when you make 1k a day but owe google $900. How about making 1k a day and keeping that 1k and cashing it out then spend it at a night club with 10 broads.

Everybody needs some knowledge and gain some new information that is related to the currency trading. I will be listing useful Forex resources that are worth to be visited daily.

Baby Pips - King of Free Forex Education

Very useful site that offers free forex education. These guys really put all there effort to help you make money by trading money. If you are new to the Forex scene make sure you visit BabyPips because everything you need to get started is right there.

ForexFactory - The Populace

Forex Factory is what I like to call a forum were many new and professional traders share their experience with different trading systems, brokers, expert advisors, and many more. They are a very well known for there very large community and full of great helpful people.

EarnForex - The Overlord of Information

Yep, That’s right the “Overlord” of Information. They have very useful “free” information for all forex traders. I first heard about this site a few months ago and was very surprised on how they delivery there daily updates. Check it

Bloomberg - The Fundamental News Kaiser

I am not to big on fundamental news but it’s very important to understand how to trade it. Bloomberg provides business and currency news that create the fundamental background for the Forex Market. It’s good to check these news everyday before making any trading decisions.

Freshpips - News Handpicked by Forex Traders

Great site, It’s like another digg.com site but it’s all about forex. Freshpips are the same owner of Babypips.com and they help you share interesting and useful forex news. Give them a try.

Forex4Noobs - Another Free Forex Education Site

This site is run by Nick B and he provides awesome information! He helps you become a profitable trader and his method of trading is what I use today. Make sure you check out his site and forums. I guarantee you will learn alot there.

You guys won’t believe what I have been threw today! One thing I didn’t mention was that before me leaving work, I’ve left my car lights on. So, My car wouldn’t turn on because of drained batteries. I had to call one of my friends to help me out and boost up the car. But, anyways check out the video below.

Football Fanatics Poker Tournamet has been announced! Football Fanatics will be having a poker tournament during the Affiliate Summit West at the Palms Casino. It will be taking place on Monday, January 12th @ 7:30 pm. Come join them and get some prizes if you win top 3. I heard they will be also giving out prizes to the 4th-9th players also. Football Fanatics has only 50 seats available, so if you’d like to participate then make a RSVP by leaving Jason Rubacky an email. Make sure you follow them on twitter also.

Win A Seat at the Poker Tournament!

Here are the links

@FFanatics

Jason Rubacky [jrucbacky@footballfanatics.com]

Hope to see everyone there!