Imagine the satisfaction you will feel when financial freedom from home is achieved. The independence, the joy, and the convenience of working from home – all these are rewarding things you get if you take your work from home job or business seriously after quitting your nine to five job. No more cramming schedules; no more hurrying morning hustles; no more work wardrobe to maintain; no more expensive lunch outs; and most important of all, no more domineering boss to deal with. And besides all these obviously stress-relieving advantages, it isn’t hard to find a way to earn income because a wide range of work at home jobs and businesses is available in the industry.
Set Work At Home Schedules
Through the internet, you will find a plethora of work from home opportunities. Generally, these opportunities provide you the privilege of setting your own work hours. So, basically, that means you can control your schedule and decide how much time you wish to work for each day. Given this flexibility of work schedule, you can spend more quality time for your family while still earning. Isn’t that the most wonderful thing that could ever happen to your career life?
Making More Money is Possible
You can earn as high as you want. It actually depends on how much you think you can work for yourself. You can even make money from day one. Some affiliate marketing programs and work at home business opportunities offer bonus money at the sign-up. And though it may sound unbelievable, it is really possible to make as much as thousands of dollars each day. If you are determined and hard-working enough, you can get your dream money. It is no use if you don’t believe you can because these programs and business opportunities do actually exist. And the good thing about this is you can work without leaving your home. With your own controlled time, there are more chances for you to have more time making money.
What Financial Freedom Can Mean To You
If money is flowing continuously to your bank account, how are you going to handle it? This is easy. You can pay all your bills, whether it is from your credit card bank, mortgage, utility bills, education, and a lot, lot more. You can even start thinking about those things you weren’t sure before you can achieve. How about a dream grand vacation for your family? How about dishing your old car and buying a new one? Or perhaps, a new dream house for your family?
For some, these all sound impossible. However, if you set your mind to it and start working hard, it is possible to achieve your dream of getting financial freedom from home. If you have heard stories about someone finding their empire of wealth, you can find it too by simply having a dedication to whatever it is that you want to do to achieve it. In the industry when it is becoming possible for everyone to get rich by working from home, there are more potentials for you if you have the motivation and disposition to work your way towards the key to wealth.
All currency trades involve the buying of one currency and the selling of another, simultaneously. Currency quotes are given as exchange rates; that is, the value of one currency relative to another. The relative supply and demand of both currencies will determine the value of the exchange rate.
When a currency trader places a trade he wants the currency purchased to appreciate in value versus the currency sold. His ability to determine the direction that the exchange rate will move, will dictate his gain or loss in a trade. Let's do an example with a currency quote obtained from the forex trading system.
Example of a forex trade
The current bid-ask price for EUR/USD is 1.0120/1.0126, meaning you can buy 1 euro (EUR) for 1.0126 US dollars (USD). Suppose you feel that the EUR is undervalued against the dollar. To execute this strategy, you would buy Euros (simultaneously selling Dollars) and then wait for the exchange rate to rise.
So you make the trade: purchasing 100,000 EUR (1 lot) and selling 101,260 Dollars. (Remember, at 1% margin, your initial margin deposit would be 1,000 Euros.)
As you expected, EUR/USD rises to 1.0236/42. Since you bought Euros and sold Dollars in your previous trade, you must now sell Euros for Dollars to realize any profit. You can now sell 1 EUR for 1.0236 Dollars. When you sell the 100,000 Euros at the current EUR/USD rate of 1.0236, you will receive 102,360 USD.
Since you originally sold (paid) 101,260 USD, your profit is US $1100.
Total profit = US $1100.00
FOREX QUOTE - HOW TO READ A CURRENCY QUOTE
Before trading currencies an investor has to understand the basic terminology of the forex market, including how to interpret forex quotes. In every foreign exchange transaction an investor is simultaneously buying one currency and selling another. These two currencies make up a currency pair. This is an example of a foreign currency exchange rate of the dollar versus the yen:
USD/JPY = 119.72
The currency to the left of the slash ("/") is called the base currency (in this example, the US dollar) and the one on the right is called the quote currency or counter currency (in this example, the Japanese Yen). This notation means that 1 unit of the base currency (that is, 1 dollar) is equal to 119.72 Japanese Yen. If buying, the exchange rate specifies how much you have to pay in units of the quote currency to buy one unit of the base currency; in the above example, you have to pay 119.72 yen to buy 1 US dollar. If selling, the foreign currency exchange rate specifies how much units of the quote currency you get for selling one unit of the base currency; in the above example, you will receive 119.72 Japanese Yen when you sell 1 US dollar.
As with stocks, a forex quote includes a bid price (or bid) and an ask price (or ask). This can be easily illustrated with an example of a currency quote taken from the forex trading software:
In the above example, the bid price is 119.68 yen and the ask price is 119.75 yen [notice that when the ask price is displayed, only the last two decimal places are displayed to the right of the slash (75 instead of 119.75)]. The bid price is the price at which dealers are willing to buy the base currency (in units of the quote currency) and users of our software can sell. Thus, if a trader presses the button "Sell USD," he/she would sell dollars at 119.68 yen. The ask price, on the other hand, is the price at which dealers are willing to sell the base currency and users of our system could buy it. By clicking "Buy USD," an investor would be buying dollars at 119.75 yen.
Even though there are many currencies all over the world, 85% of all daily transactions involve trading a group of currencies known as the "Majors." These currencies include the US Dollar, Japanese Yen, Euro, British Pound, Swiss Franc, Canadian Dollar and Australian Dollar. The four most actively traded currency pairs are the US Dollar / Japanese Yen (USD/JPY), Euro / US Dollar (EUR/USD), British Pound / US Dollar (GBP/USD), and the US Dollar / Swiss Franc (USD/CHF). The US Dollar / Canadian Dollar (USD/CAD) and the Australian Dollar / US Dollar (AUD/USD) are also actively traded pairs. For traders, the best trading opportunities are with the most commonly traded (and therefore most liquid) currencies; i.e., the "Majors."
The examples below were taken from the currency dealing system which provides forex real time quotes. From left to right are the euro-dollar exchange rate, the british pound-dollar exchange rate, and the dollar-swiss franc exchange rate. All of these currency quotes are of major currency pairs.
Taking the example of the euro forex quote (first pair above), buying one euro would cost 1.0099 US dollars and selling would provide 1.0093 US dollars.
The call of God on one's lifeis very importance and there is a need of submitting to God for change.
The whole biblical account in the Bible is about people responding to God's call for change. Abraham was called a friend of God because he obeyed God's call for change. He believed and trusted in God to lead and provide for him and his family. Often it is a step into the unknown. Abraham was called to leave his country, his homeland for a place where he did not know. The command was simply, "Go to a place that I will show you." It is a test of our faith when we step out without knowing what the future holds. Humanly speaking it is a terrifying experience. If you are in a stable job with take home pay of S$10,000.00 p.m., why change and move on? The fear of falling into financial hardship is all too real. Worse, we fear poverty may be our lot if we give up on something secure and safe for the unknown of following after Christ. Stepping out in faith does not mean we leave our minds behind. We plan as much as we can and as much as it is possible we have sufficient financial resources to see us through the period of change and transition before we settle on something more permanent. But often because people refuse to take the risk even when the call is loud and clear, the greener pastures and promised land on the other side is never reached. We never arrive at our full potential and maximize our gifts if we are afraid of change.
