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Forex Trading – Passive Income for the Homemaker

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For mothers, forex trading is a great way to make an extra income. Online currency trading is the best option for moms looking for extra income. Being a homemaker means you have to be flexible enough to plan your “extra-income” activities around your household responsibilities. Forex trading can be a good choice, click here.

Online currency trading lets you make money at the foreign currency exchange market any time of day, every day. If you are located in Singapore or Malaysia, the market will be open from 6 AM on Monday and close at 6 AM on Saturday. Your Sunday off is also possible! Furthermore, you don’t have to report to anyone or meet a deadline. All you need to organize your time according to your schedule, have the determination to stick to it and establish your weekly goals. You will need to determine how much you would like to earn each week as your weekly goal.

What makes the foreign currency market so attractive to mothers living at home? First and foremost, you can trade on the internet. All you need to get started is a laptop/net-book and an Internet connection. Online opening of accounts is possible. It is not necessary to meet a broker or complete a physical form. Register online with a reputable broker and you’re good to go.

A bonus is that forex spot market trading can be started with a USD250 account. For trading the equity market and options, an account must be opened with at least USD2000. With just USD250 as your minimum start capital, and the right money control system, you can significantly increase your capital, all from home. It is best to determine your monthly income goal. How much are you willing to make? Is it 10% or 20% of your capital? Or is it 20 percent? You may also want to break it into daily and weekly goals after you have determined the amount. You will find it easier to achieve your daily goal if you break it down into weekly and daily goals. You should not trade for the month until you have met your goal. In another article, I’ll discuss managing your monthly goal. Keep watching.