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How I Doubled My Money Overnight With Forex
Before I start this article, I would like to tell ya that you need to be at least 18 to enter the foreign exchange market. What I did was I tried tinkering around using my dad’s account and played with him by my side.
In the last two days, I have big eyes open to this nifty platform by eToro. Results thus far were entertaining…
I have ZERO knowledge with Forex when I found out bout this platform – so this article should be treated as a documentary, not an expert advice. Don’t complain to me that you lost money, ya da, ya da. My dad told me this is a dangerous area to make money.
Even before I started this blog and my internet ventures, I was very curious about this stock market thing and buying currencies then selling it later on (Forex). I did a lil research bout it here and there but just this last 2 days was I able to actually, test it out hands on.
Good thing is, eToro doesn’t want ya to lose real money right away. Instead, they offer a practice account with $2,000 virtual cash. On that account, you can practice and test currencies, explore the platform or – just have fun.
You *Can* Be Richie Rich Today, Tomorrow You *Might* Be Fred Flintstones
That is definitely possible. Even if you have 20 years experience in the foreign exchange markets, your profits are not guaranteed.
So take my advice…
“Never enter the real money trading if you haven’t generated consistent profits with your practice account”
Read that 3 times everytime you open the platform on your computer – you’ll thank me for that in the future.
How I Doubled My Money Overnight With ZERO Knowledge In The Past
- Downloaded and installed the trading platform (Click here to download)
- Read the step-by-step manual provided upon sign-up
- Searched for Forex forecasts and based my trades on it and observed the trends
- After doubling my virtual cash, opened my real account and started some real trading!
Meh, that was almost as easy as 1, 2, 3! Anyhow, I suggest ya give it a try BUT don’t use the money you are not ready to lose.
Just give me a shout in the comments if you have any questions and hopefully, someone will try it out and post his results over here.
Carl Ocab is one of the most successful teenage bloggers on the net. But remarkably, Carl was just 13 years old when he rose to fame with his hugely popular “make money online” website: www.carlocab.com
Hi, my name is Carl Ocab or as many call me, the “Kidblogger”. I’m a 16-year old kid from the beautiful archipelago Philippines.
November 7, 2008
1:11 am
Sounds risky but i will try it because i like to
take a risk in my life.
http://www.mariolist.com
Mario
November 7, 2008
10:12 pm
That’s good to hear Mario cause the biggest money makers has the biggest risks.
November 11, 2008
5:37 am
Sounds risky …true
I will try 2 . Btw thanks for great tips!
Cheers
November 7, 2008
7:02 am
Well I really like all the options of earning money. Forex may certainly be a profitable opportunity. However from my experience in order to make money with forex you need money. Don’t think that you can go with 50$ and earn thousands in five days. I’ve spent too much money on the net joining all kinds of clubs and buying all kinds of books. You can’t blame me for being careful with this offer. After being on the net for couple of years I’ve learned that the most important thing online is to find someone who is telling the truth. I’m with Marioscenter.com at the moment. It’s certainly too pricey but it’s also sincere and telling the truth. No money over night! Forex offers are all over the net. Which one is the right one? Still don’t know. I might give a try with forex but in my opinion creating a site and providing useful stuff is still the best option to make money online.
November 7, 2008
10:40 pm
Hmm then probably it’s time you open your eyes to the power of the internet…
“No money over night!” thing is waaaay too 90’s and those Forex offers, there is no right one. You just have to pick where you are comfortable at – if you think that they are scams, most of them are not. The claims are just so high that people can’t perceive it that’s why they call it a scam.
November 7, 2008
9:42 am
I have always avoided forex trading thinking that it is too dangerous like the stock market. But I’ll open a practice account just to gain some knowledge and have a little fun. ;)
I read in many places that practice accounts are not the same as real accounts and they aren’t so accurate. Is it true?
November 7, 2008
10:41 pm
To my experience, no. The trend is the same.
November 7, 2008
11:40 pm
Hi, Carl and everyone. The difference in trading practice accounts vs. real accounts lies more in the psychology of it.
Making a huge profit is very likely and is somewhat easy. You just buy low and sell high or vice versa. However, what’s hard is keeping those profits. You’ll know what I mean, Carl. :)
Looking forward to more of your posts regarding this topic! :)
November 8, 2008
9:10 am
Yep, greed won’t last long in Forex :-D
November 8, 2008
1:42 pm
Hi! I would like to ask information if etoro is a legit forex platform. Is it under a registered body or something? I’ve been surfing their site and I can’t seem to see a phrase telling so (or it may be me being slow in reading and comprehension from lack of sleep) XDDD
November 8, 2008
9:41 pm
Intresting… I have never dabbled w/it because well like what you said, nothing is guaranteed. might give it a look in the future though…
November 14, 2008
5:13 pm
sounds risky.. but interesting..
November 16, 2008
7:52 am
Nice to know that you can do a trial run, although I wished they allowed more money for trial, or unlimited, so that maybe schools could use it for competition or something lol.
November 16, 2008
5:36 pm
How did you do that? I have been doing trading for weeks now and I cant make it even to 10% profit. Ohh, it’s foolish me! I cant get the trick in forex trading. By the way, what makes Etoro different from the other forex traders like FXCM. Have you tried other forex brokers or just Etoro?
November 19, 2008
6:47 am
i have always wanted to try the forex market bt i ws too lazy. thing is just finishd my finance course and the topic interested me and i opened a virtual account ………………and i hvnt followed on it. mayb i shud get back to it.
thanx
November 19, 2008
6:50 am
forex is very risky
November 19, 2008
4:36 pm
Hi Carl,
Directional trading is not the way to make money online, especially when your funds are limited. My advice after 7 years of trading is to stay away from the Forex as its just gambling. Its looks easy but its not and like all stockmarkets its manipulated by the professionals. Technical indicators like Moving averages and MACD help a bit but in the end only THEY know where the price will be heading and without that knowledge even Fundamental knowledge, you will always be in the dark.
Trade the Forex at your peril. They say its not manipulated dont believe that for a minute, when you have watched Forex charts for 4 years like me, you get sickened by what you see. I have given up trading for good, and if anyone reading this post disagrees then all I can say is good luck to you.
November 30, 2008
6:01 pm
did you also make money from etoro affiliate program which paying us for 1 dollar for every signup?
December 5, 2008
6:35 am
The greater the risk the greater the potential to make money too!
December 23, 2008
9:30 am
hoho..yeap..this is a very dangerous method before your money blew away
December 25, 2008
3:39 am
forex is a “HIGH RISK” program for making money
like u said..today u’ll be richie rich..n tomorrow u might be fred flinstone
=)
i still curious in forex program
scared
=(
December 25, 2008
12:53 pm
Hi there cab!
How much money would you recommend to start trading? As I would like to start off with a small amount of USD300 to USD400. What you think?
December 25, 2008
1:35 pm
Hello again cab!
Wanna ask you. Did you get any forex broker for this eToro?
February 7, 2009
9:16 pm
hey carl thanks for the share :)