Pork Bellies and Money

Posted by JMom | Monday, May 26, 2008 | , | 0 comments »

When I first started hearing about Forex, I thought it had to do with a door-to-door shipping company catering to expatriates who wanted to ship items back to their home countries. LOL! I never said I was financially savvy. Heck, the only thing I knew about Wall Street was what I saw on the movie Trading Places. I thought all that was traded was corn and pork bellies.

Who knew money can also be traded! I found out that forex trading is the business of trading money. Forex = Foreign Exchange. Some investors speculate on pork bellies and some investors put their bets on world currencies. For instance, some savvy investor probably foresaw the rise in the value of the Euro and the British pound a few years ago and bought up a lot of those currencies. They hold them until the exchange rate changes in their favor, and they make a profit! Sounds easy, doesn't it? That guy is probably rolling in pork bellies now.

Well it's actually more complicated than that. Whether you are a longtime, seasoned investor or just testing the waters, you should check out eToro where they claim to make financial marketing simple. eToro, like many companies, has evolved to take advantage of present trends and technology by combining financial marketing with social networking. On the eToro site, traders can monitor their trades, simulate trades for practice, and carry out real trades in real-time. In addition to conducting business as usual, an added feature is the ability to interact with other traders and pick each other's minds and discuss what's new and what's hot. That feature is especially great for people who are new to the business. Imagine having instant mentors online!

If ForEx is your cup of tea, go on over there and check them out!

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