Well, unfortunately I made those 600 bucks only in theory. I just recently got into Forex trading again and came across the, in my opinion most easiest to use, Forex platform called eToro. They offer a demo trading account funded with 2000 virtual Dollars to play around with.

Yesterday I made a trade on the USDJPY (US DOllar, Japanese Yen) currency pair and within only 15 minutes I made a net profit of $600 from investing $500 by going short on that currency pair (meaning I first sold USD against JPY, and later bought it back for a cheaper price to make profit).

I must admit that this trade was anything but safe and I doubt anybody really into the Forex market would recommend i). I used an extremely high risk level and could have probably also lost my investment in 15 minutes too. Maybe I had some good portion of luck to make that profits yesterday. Anyway, since I only traded with my demo money, I had nothing to lose at all. And if I’d used real money, I’d be a richer person now, hehe!

eToro is probably the greatest Forex platform I’ve ever seen on the market. They offer an easy to use trading interface with realtime rates and market news. You can fund your (real) account with different payment methods including Paypal and start with as low as $50 as your first deposit. They have really low spreads (think about it like trading “fees”) and offer you a leverage of up to 400 (the risk level already mentioned above). I can only recommend this Forex platform, especially the demo account to train your Forex skills at first! Feel free to download the eToro client now and start trading, for real or just for practise.

When I’ve enough money (and skills), I’ll soon start trading the Forex for real. I’d even be happy to make only 10% of those $600 a day, but I assume this will be a matter of some hard work.

See you,
Querblogger