Trading Stocks and Currency

One way to increase your income that I have been studying lately is trading Stocks and Currency (AKA Forex Market). I have to admit that trading was very intimidating at first and that's mostly why I never got into it earlier. But now after many months of research and demo trading I feel more confident and am nearly ready to start trading daily.
For now I am going to start with the Forex market since it has peeked my interest more than trading stocks. For those that don't know much about currency trading a good place to start is by going to www.babypips.com. This site is extremely informative and will get you started.
There are a few ways to trade currency. You can trade technically using indicators and by studying the charts constantly. You can trade the news by putting in your buy and sell orders when key things happen in the worlds economy. And I guess you could always just throw a dart or maybe spin a coin and hope for the best. The combination of the first two options are really the best way to go.
To trade technically you need to find a trading system, test it on a demo account and then stick to it religiously. Most traders fail when they stop trading using the signals their sytem gives them and start trading with emotion. You need to turn into a robot. After you get the technical aspect down you can refine your trading by using the fundimental side of trading. Economic majors should have it easy on this one, but don't get discuraged too easily. With time and patience you can learn how the world works and what makes major influences on how the market moves and that includes the stock market.
Getting back to that demo account. They are great for getting strted, but before you go and dump $5000 into your Forex account, open a Mini account and trade with a measly $400 - $500. Demo accounts get you familiar with how trading works, but it will not teach you how to deal with pip spread increases durring news events, price slipage and other various unexpected problems. I learned a great deal with my $400 account.
Ok, you've opened a demo account. Now What? Next you need to get familiar with reading the charts and inserting and interpreting indicators on the charts. Once you get somewhat of a hang of this, go out and find a system. This is kinda easy kinda hard. There are hundreds of trading systems out there that are profitable. Finding one that fits your trading style is a bit harder to do. One new way of trading I have found is using nothing but math equations. Check out The Binary Equation for more info on this system. The nice thing about this system is that you pretty much just setup your trades and let them roll, the bad thing is that although trading is profitable, it is slower going than most other systems.

Welcome

Welcome to "The Latest and Greatest"

Here I will be discussing the latest ways of making money on your own. That's right, we don't want to ever have to get ordered around by a "boss" again. We are going to find new ways of making money on our own that really work. We don't want any "Get Rich Quick" schemes here, but real honest money making strategies that require work, but can really pay off. As long as you are willing to put forth the effort, anything is possible. All you need is the tools to make it happen. I understand that everyone is different, which is why I am going to be discussing many different ways to become independent. What works for one person may not for another simply because your heart is just not into it. We need to find a system of making money that you are interested in and comfortable with. This is the key to success!

Good luck to you all.