What is Forex Trading ??

Free Forex Tips, the website for novice and prospective Forex traders. You constantly hear in the news about the rise and fall of the U.S. dollar and see the ads touting how you can make money in Forex plastered all over the internet. But what is Forex trading anyway? Of course, this necessitated a steady supply of comic books for which he didn’t have the budget. Hence a savvy trader was born. He’d use the booklets until they were of no further use, then trade with his friends for “new” ones. It didn’t take him long, however, to realize that many of his peers, while enjoying reading comics, had no idea of their actual value. Shortly, he was trading $1.50 comic books for $10 books, building a collection of comics worth money. In a few months’ time, he had an impressive collection of books with good resale value. Trading the Foreign Exchange Market is similar, in a way, to my son’s first entrepreneurial adventure. You trade one thing relative to another and hope that the one you bought goes up in value relative to the other. If it does, you got a good deal. That’s all there is to it! Nothing complicated…really! In my next blog I will discuss how to read foreign currency symbols and quotes.

You need business planning

You need business planning, When you are looking for financing from the Small Business Administration, or even local financing, many lenders want to see a business plan first. There is a wealth of information available online and at your local library to help you put together your business planning.

Putting together a business planning is one of the first things you should do before investing a dollar of your money into a business. It involves a lot of research and number crunching but is well worth it. It not only allows potential lenders to see how you plan to run the business, but it may also give you a reality check. When you see the numbers and figures on paper it lets you see firsthand if your business has a good chance of surviving, because the reality is that sometimes we have great ideas but the marketplace just isn’t ready for them yet. A good example of this is the personal computer; the idea had been around for well over a decade before IBM and Apple found a suitable marketplace for it.