If you want to make money online forex trading is one of the best methods. I had no knowledge of forex trading few month back. I practiced forex trading with a demo forex account. Once I started making profits with the demo account, I funded my account and start trading with a real account. The forex trading is very simple once you start trading for a few days using your demo account.

What is Forex?

The Foreign Exchange market, also referred to as the “Forex” or “FX” is the largest financial market in the world, with a volume of over $3 trillion a day. It is actually more than three times the total amount of the stocks and futures markets combined. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the Euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).

Why use forex trading?

• Forex market is open 24 hours a day. You can trade forex at any time.

• You can trade forex from anywhere in the world.

• The transaction costs are very low.

• High liquidity.

How to start?

To start forex trading click here to download the forex trading platform and start practice with the demo account. Please read the help section which is very important for you to learn the forex terms. Once you started making profits open a real account by funding the account. In my previous posts I have given a number of opportunities to make money online. This is the only program that needs a small investment. You can start trading forex for just $50 which is very low compared to any other business. I made $34 profit in the first day itself so you can get your investment back in few days.

Funding Your Account

After login to the demo account click the trade for real money button, then you will see a login page. Please click the open new account at the right side of the login window to create a real trading account. Please use this login information to login to your real trading account. Then use the click to deposit at the bottom of the window to deposit money. You can fund your account by credit card, paypal, and moneybookers. If you don’t have credit card you can use netsafe card for funding your account. You can also fund your account using EntroPay card.

Forex trading tips

Trade for small profits first. While trading forex look for what the top 100 traders are doing and take a decision. You can make your forex trading automated by setting a take profit value. Your trading will be closed when it reaches the take profit value. You can shutdown your computer once you set this value if you want.

Click here to download the forex trading platform

There are plenty of players now a days to offer cheap calling cards and cheap calls to India and worldwide. I found one website Localphone which I think is the cheapest and most reliable among other players. The call rates to India are as low as $0.015 which is equivalent to 70 paisa at Rs 47/dollar. Call charges to US, UK and Singapore are cheaper than this. There are many ways you can make calls such as PC softphone and Wi-fi mobile. You can call from any part of the world to India and the rates are same.

How to make calls:

Register an account at localphone and recharge your account. Select the voip tab and upgrade to voip.  You will get SIP settings from this page. You can use these settings to configure your systems such as PC softphone  or Wi-fi mobile. How to configure the devices is explained in detail in the website. To make a call just dial the number in international format. Eg  0091+ STD code+ xxxxx to India landlines and 0091xxxxx format to mobiles.

One thing I liked about Localphone is that when you save an International number to your  Localphone account Localphone gives you  unique local phone numbers that directly connects to your international numbers. So basically you just dial your local phone number and it will ring your international number. For e.g. your friend lives in India and you are living in Bahrain. You add your friend’s number starting with 91xxxxxxxx and Localphone will give you a local Bahrain number e.g. +973-xxxxx. So when you want to call your friend in India, you just dial +973-xxxxx number.

You can make free mobile to mobile calls if both of you are using wifi mobiles and in a wifi area. You need to configure your SIP settings in your mobile. Another good thing about Localphone is that if you are using a VoIP phone, you can configure your ATA device to make international calls directly from your phone and not worry about any calling access number.

Recharging Your Account:

You can pay via credit card and paypal. If you don’t have credit card you can use Entropay card. Please note that you CAN’T use netsafe card as they try to charge the amount as two different transactions and netsafe card can be used only once.

I have tried Localphone and the voice clarity is excellent. Start making cheap international calls with Localphone.