Make money using Forex

In the forex market, you buy or sell currencies.
Placing a trade in the foreign exchange market is simple: the mechanics of a trade are very similar to those found in other markets (like the stock market), so if you have any experience in trading, you should be able to pick it up pretty quickly.
The object of forex trading is to exchange one currency for another in the expectation that the price will change, so that the currency you bought will increase in value compared to the one you sold.

Also read: Earn more than $3000 from Google Adsense in just 2 days.

Example:

Trader’s Action	EUR	USD
You purchase 10,000 euros at the EUR/USD exchange rate of 1.1800	+10,000	-11,800*
Two weeks later, you exchange your 10,000 euros back into U.S. dollar at the exchange rate of 1.2500	-10,000	+12,500**
You earn a profit of $700	0	+700

*EUR 10,000 x 1.18 = US $11,800
** EUR 10,000 x 1.25 = US $12,500
 Also Read: Earn more than $2000 from Facebook

 

An exchange rate is simply the ratio of one currency valued against another currency. For example, the USD/CHF exchange rate indicates how many U.S. dollars can purchase one Swiss franc, or how many Swiss francs you need to buy one U.S. dollar.

Also Read: Make money online as a translator
Also Read: Earn money online without investment

How to Read a Forex Quote

Currencies are always quoted in pairs, such as GBP/USD or USD/JPY. The reason they are quoted in pairs is because in every foreign exchange transaction, you are simultaneously buying one currency and selling another. Here is an example of a foreign exchange rate for the British pound versus the U.S. dollar:
The first listed currency to the left of the slash (“/”) is known as the base currency (in this example, the British pound), while the second one on the right is called the counter or quote currency (in this example, the U.S. dollar). When buying, the exchange rate tells you how much you have to pay in units of the quote currency to buy one unit of the base currency. In the example above, you have to pay 1.51258 U.S. dollars to buy 1 British pound.
When selling, the exchange rate tells you how many units of the quote currency you get for selling one unit of the base currency. In the example above, you will receive 1.51258 U.S. dollars when you sell 1 British pound.
The base currency is the “basis” for the buy or the sell. If you buy EUR/USD this simply means that you are buying the base currency and simultaneously selling the quote currency. In caveman talk, “buy EUR, sell USD.”
You would buy the pair if you believe the base currency will appreciate (gain value) relative to the quote currency. You would sell the pair if you think the base currency will depreciate (lose value) relative to the quote currency.

Long/Short

First, you should determine whether you want to buy or sell.
If you want to buy (which actually means buy the base currency and sell the quote currency), you want the base currency to rise in value and then you would sell it back at a higher price. In trader’s talk, this is called “going long” or taking a “long position.” Just remember: long = buy.
If you want to sell (which actually means sell the base currency and buy the quote currency), you want the base currency to fall in value and then you would buy it back at a lower price. This is called “going short” or taking a “short position”. Just remember: short = sell.
 
“I’m long AND short.”

Bid/Ask

“How come I keep getting quoted with two prices?” All forex quotes are quoted with two prices: the bid and ask. For the most part, the bid is lower than the ask price. The bid is the price at which your broker is willing to buy the base currency in exchange for the quote currency. This means the bid is the best available price at which you (the trader) will sell to the market.
The ask is the price at which your broker will sell the base currency in exchange for the quote currency. This means the ask price is the best available price at which you will buy from the market. Another word for ask is the offer price.

The difference between the bid and the ask price is popularly known as the spread.
On the EUR/USD quote above, the bid price is 1.34568 and the ask price is 1.34588. Look at how this broker makes it so easy for you to trade away your money.
If you want to sell EUR, you click “Sell” and you will sell euros at 1.34568. If you want to buy EUR, you click “Buy” and you will buy euros at 1.34588.

Source: babypips.com

5 ways to earn money online without investment

Looking for the ways to earn money online?

Then no need to worry anymore! We are showing you below some of the best ways to earn money online.

Check some of the best ways below & start immediately.

1. Earn with GPT Sites

To add more income, you can also join GPT sites where you can earn money by taking small surveys, watching videos, playing games & doing many more activities.
We have worked on number of GPT sites but we will recommend only 3 sites which pays their member on time. You can receive your payment by PayPal, cheque or bank transfer.

Also read: Earn money with FACEBOOK

2. Become a Captcha Solver

If you have more time then you can add further income in your pocket by working as a captcha solver. This is the one of easiest way to earn money online.

As a captcha solver, you need to read the captcha images & type the exact characters. You need to be very fast in order to earn better income.
You can get paid up to $2 for every 1000 captchas you solve.

 Also read: Earn money online as a Translator

3. Earn from PTC sites

If you are trying to earn money online & need only small extra income less than $200 (Rs.12,000) then PTC sites are the best way to start. get_paid
Here you need to click & read the advertisements for 10 to 3o seconds & get paid for each & every advertisement you view.
There are many sites where you can register & make money by reading ads. All sites are free & there is no investment at all

 Also read: 11 ways to make money online

4. Earn with Affiliate Marketing

If you are serious about earning money online & you are a hard working guy who wants to make big income then affiliate marketing is for you.

There is more scope for affiliate marketing than before because of the high growth of online shopping.
Also read: 4 ways to earn more than $3000 with Google Adsense

There are hundreds of online merchants like Flipkart, Amazon, eBay, Clickbank, CJ etc. where you can signup & promote their products.

In affiliate marketing, you are simply helping customers to buy the right product by creating a simple website & in return you can earn 4% to 20% commission.

5. Become a freelancer

Freelancing is another popular way to make money after AdSense & affiliate marketing. As a freelancer, you can work with small or big companies on a temporary basis & provide them your services.earn as freelancer

Freelancers can make $500 to $2000+ per month depending on the type of skills you will use as a freelancer.
Also read: High paying niches for Google Adsense.

You can work as a content writer, web designer, graphics design or provide services like SEO, data entry & many more.

Earn money online as a Translator

Make money online as a Translator

Globalization coupled with technological advances has made the world a global village. Translators are in great demand these days. Clients are increasingly looking for people who can translate important documents for them. Translators having skills in French to English translation, German to English, Hindi to English translation and vice-versa are in great demand these days.

Also Read: Earn money with FACEBOOK

If you want to earn money as a translator, the easiest way is to join Upwork. However, there are various other online platforms that provide you opportunities to earn money online but I am not sure about their payment protection. Upwork provides you payment protection to ensure that you get paid for your hard work every time you work for a client. This freelancing site is free to join and offers several translation jobs to the freelancers. 
Also Read: 11 ways to make money online
Moreover, the website provides several money withdrawal options to the workers. You can also use your bank account to withdraw the money from the company irrespective of your location. You receive the money within three to four days from the date of withdrawal. Moreover, the site provides you the opportunity to interact with clients from across the world where you can establish long-term business relationship with the clients.

Also read: 5 ways to earn money online without investment

Also read: Earn more than $3000 with Google Adsense
Furthermore, you can also try your luck on other online translation platforms such as Gengo, Transperfect Translations, Protranslating, and Translatorscafe. Translation job is very challenging and demanding where success depends on your ability to exceed the expectations of clients. However, right skills, experience, and right platform can significantly help you to earn money online.

Earn money with Facebook

Earn money with Facebook. Facebook connects you to new people and helps you develop relationships.

1. Create an appealing Facebook profile.

When someone knows, likes and trusts you, they're more willing to hear about your business. Your profile gives you this opportunity when you use your profile picture; cover image, and "about" section properly.

Choose a professional profile picture. Use your cover image to give people a snapshot of your personality. A complete "about" section makes you more credible and rounds out your personality.

Also read: High paying niches for Google Adsense
Also Read:Make money online as a Translator
2. Post publicly on Facebook.

Your goal is to let your friends know what you do for a living and how you can help them. For example, if you're a realtor:

Hey everybody! As you may know, I love helping people find their dream home. If you know anyone that needs assistance, please message me.

If you're an insurance rep:

Hey there! As you may know, I love helping families be protected from unforeseen tragedies. If you know anyone that needs life insurance, please message me.

Also read: Earn more than $3000 with Adsense in just 2 days

3. Use Facebook Messenger.

It is like email, but better. If you've previously conversed with a prospect and you're getting ready to talk to them again, you can quickly review all your previous talks in one place.

If you haven't spoken to a friend in a while, make sure to re-establish the relationship first. You don't want them to feel like you are only reaching out for business. You can say, "Hey! We haven't spoken in a while. How have you been?" Only chat about your products if they ask what you do.

Also read: Ways to make money online

4. Send messages based on past conversations and what you know about a friend.

A realtor example:

Hey Tom! I know you love houses with a view, and I seem to remember you were looking for a house. Well, check out this amazing lake view property! Do you want to come see it with me?
Also read: 5 ways to earn money online without investment
 
An insurance rep:

Hey Alicia! I know we're both family people, and it's been awesome to see yours grow up on Facebook. I was super glad to find out about this new life insurance option our company just created. It provides for families like no other policy I've seen. Do you want to hear more about it?

5. Keep the conversation going.

It's exciting to have someone respond to your messages! Thank them for the response, give them additional information: pictures, videos and details of your offering, and then let them know what is the next step.

If you don't hear back, send them a message once a week asking if they wanted to take the next step. Be patient. Not everyone checks Facebook daily.

6. Stay in touch.

It's only a matter of time until friends want your product. Stay in touch on Facebook by posting quality content and interacting with your friends' posts. Posting quality content is a balance between business and personal: Too much of either can result in failure. Be personal 80% of the time. People do business with those they have the best relationship with; so post about what's on your mind. Post about business the other 20%.

The more you interact with your friend's posts, the more your business posts appear in their newsfeed. Your friends will also see you as a true friend, not someone just trying to sell them products. When you comment on a friend's post, write from the heart. Treat it the same as when you talk face to face.

7. Grow your friends to grow your income.

With over a billion users, Facebook offers an unlimited amount of people to talk to if you take the time to build relationships. Facebook's Graph Search solves the new prospect obstacle by opening up their entire database to you. All you need to do is take the time to reach out and build relationships.

8. Create a group for support and inspiring sales teams.

Whether you're a manager motivating a team, or have a group of industry peers who want to support each other, Facebook Groups are the answer. You can move mountains when you belong to a group of passionate people working toward the same goals, supporting each other every day.

Once you start your group, post at least a few times a week. It could be a question, words of motivation, pictures, or videos. Always like and comment on what others are posting as well. Groups are like live events happening 24 hours a day. When run correctly, it will become the cornerstone of your success.


Source: www.inc.com