Sunday, July 7, 2013

Home Based Business - It's Simple and It's Very Profitable!

If you want a home based business then this one is simple anyone can do it (all you need is an internet connection and some seed capital) and it is one of the only ways to start with a small stake and build serious wealth.

Let's look at this ultimate home based business in more detail. Forget MLM, Affiliate deals, or net marketing, this is an online home based business that will make you much more money.

First, let's look at the advantages. You only need an internet connection, an hour or two a day, some seed money and a willingness to learn a specific method that you can apply for huge profit. So what is it?

It's becoming a currency trader from home and it's easier than you may think. If you have never considered this, then you should, as everything about this business can be LEARNED, the starting capital you need is small and it has one huge advantage to help you build wealth:

Leverage

Leverage means that you can use more money than you actually have. In simple terms if you deposit $3,000 with a broker they will allow you to trade on a leverage of 100:1 - i.e $300,000! You don't have to do anything; the broker will simply let you do this as soon as you open the account. This gives you huge profit potential! It is of course a double edged sword - Where rewards are high so to is risk, so you need a way to limit risk.

There are numerous methods you can learn easily! Everything about trading can be learned. This was proved by legendary trader Richard Dennis, who taught 14 people with no financial experience a trading method in 14 days.

The result?

They went on to make millions and became some of the most famous traders ( they were nicknamed the "turtles" ) of all time. When choosing a method to trade you should pick a simple method that has been known to make money. Two good ones are a "breakout" method used by the "turtle" traders above which made them millions and the methods of W D Gann a legendary trader who made $50 million by applying his methods.

The methods involve the study of charts, to look for repetitive price patterns. This is an excellent way of trading as human nature is constant (and decides the price of anything) repetitive price patterns reoccur and you can take advantage. Don't worry if this is a bit confusing at first when you look at the logic it makes perfect sense.

Trading

Charting packages are available free on the net and all you need to do is look at them. Place your orders online and that's it - It should take no more than a few hours a day.

You can make profits in bull and bear markets so there is always an opportunity to trade for profit. If you are prepared to spend a few weeks learning you will then have all the knowledge you need to trade successfully. This business is so good because you are in charge of your own destiny. You don't have top reply on getting customers or sell your product and it's the ultimate home business.

Could you do it?

Of course you can if you are prepared to learn. Trading with leverage gives the average person one of the few ways to generate huge profits and is one of the only businesses to generate serious wealth.

Doesn't that sound better than MLM Affiliate marketing or trying to market a product. In just an hour or two a day, you could soon be earning profits you have only dream't about. Take a look at this home based business and you may be glad you did.