To make money with no money seems like a difficult task. Of course its not and you know making money with no money is not hard, its just a convenient excuse.

Wealth is a state of mind. During my years of experience as an investor, I have found this one truth to stand out above all others. But the state of mind is not what you think.

Spongy ideas about the power of the mind and working your faith and belief have there place. But its not what I mean. I have discovered that all you need is to choose, when you want to make money with no money. When I say no money, I mean not more then say a few hundred dollars. Everyone has access to this much at least if they were to discover how to compound it rapidly and effectively.

Making money with no money, the thing to remember is that money is numerical in nature. If you can understand that about money, then you can see that $1 is no different then $100,000 Its just a different numerical amount of the same basic unit.

This is simple to understand and easy to implement. You could technically begin with just 5 dollars. Get your calculator out and multiply $5.00 by 1.3 (that translates to 30%) multiply it by 47 weeks. You will have over $1 million dollars in that time if you are able to compound your $5 by 30% 47 times.

So with your five dollars for example, you purchase 10 cans of soft drink from the local buy and save. (Stay with me here) You take these cans and put them in a cooler with ice. You have just added value to your investment objects. You spend half an hour hawking them for full retail price to a bunch of thirsty workers on a construction site on a hot day. You just got $1.00 per cold can. A total profit of $5.00 A 100% profit.

With that 10 dollars, you find something else to buy, ad value to it and re-sell. If you did that 47 times and bought up higher and higher cost items as your funds increased, and made sure each increase was a mere 30% then as your calculator has already told you, you will have well over 1 million dollars within the 47th compound.

Of course, you will graduate to real estate as quickly as possible because that is where the real leverage and compounding is.

It works thoroughly and easily providing you stick to the rules. I know you would enjoy the things a million dollars can buy. Your family would praise you for ever. Its only a specified number of months away.

The Federal Reserve’s Monetary Policy Committee has decided by 10 votes to 0 to keep interest rates unchanged at all-time low 0.25%, and affirmed that economic conditions are “likely to warrant exceptionally low levels of the federal funds rate for an extended period.”

The Dow Jones ended up 0.17% but posted sharp gains for the week, around 3%. Unemployment reaching the highest level in 26 years did not stop stocks. Dollar ended mixed across the board and the Yen higher.

U.S. non farm-payrolls have declined by 190,000 in October, somewhat above the 175,000 decline forecasted by the analysts, while the unemployment rate has risen 0.4% to 10.2%, the highest level in the last 26 years.

Peter Possing Andersen, Signe Roed-Frederiksen from the Danske Bank A/S affirms: “Given our outlook for around 4% GDP growth in the current and the coming two quarters, we continue to expect payrolls to be back in positive territory around year-end. (…) We expect the kick-start to the economy to be enough to foster a further improvement in the labour market. A return to positive job growth will be crucial for consumers going forward.”

Gold posted new historic high by rising above $1,100. On the opposite side crude oil fell sharply, lost weekly gains and ended below $78 a barrel.

The rise in gold boosted the Australian Dollar that jumped from 0.9090 to 0.9198, posting a one-week high. The Canadian Dollar affected by the decline in crude oil prices, fell for the second day in a row. USD/CAD ended the week above 1.0720.

So after yet another hiatus from trading forex, I just recently had my first trade in months. It was a successful one also. But the question I want to answer is, “Is this blog dead?” The answer is no. I’ve made a living over the past 3 years ducking in and out of here depending on what’s going on in my life. Sometimes I’m just too swamped at my real job, other times I just don’t feel like writing, but I always come back. The great thing is I’ve built up a lot of content over the years so a lot of it applies to the type of forex trader you’re trying to become.

So where do I go from here? I’m in the mood to start trading forex again so that’s what I’m going to do. I’m also going to talk a little about stocks. I’ve had a lot of success, believe it or not, trading the stock market in the last couple of months and I think I’ve learned some things that I could apply to trading forex. So you’ll hear me talk about some of these things also.

I’ve received positive and negative feedback from a lot of you who have experienced forex automation. I don’t want to talk about the bad news quite yet. So what’s the good? Unfortunately, the good news mostly involves available API’s for developing your system and brokers that support automation. I haven’t heard of many success stories relating to forex automated trading. Here are some recommended API’s and brokers and some comments on whether I will explore them further.

Interactive Brokers has a free C++, Java, and .NET API. The C++ API does not come highly recommended from the one trader I received an email from but the API’s are free. He also goes on to say that, “Interactive Brokers is also good from a fund safety point of view, given they are one of the bigger brokerages. Commission is very cheap and they basically offer anything you can trade.” This seems to be the best option I’ve seen and definitely worth exploring further.

Another trader recommended Varengold Bank for trading via Metatrader. He says that he has “yet to find anything to come close to their service utilizing the Metatrader platform.” Varengold Bank is a German bank and has regulatory oversight by the German Federal Financial Services Supervisory Agency. Unfortunately I don’t have a lot of experience with brokers or regulatory agencies outside of the United States yet this may be worth exploring if Metatrader is the platform of choice.

Interbankfx with Metatrader comes recommended also. A trader who just recently started using IBFX states, “I just started live automated trading this week… They seem to be very EA friendly and come highly recommended.”

MB Trader comes recommended due to their “well documented API and you can develop and test your system on their demo servers for free. MB Trading is a relatively well-known firm inside the United States so this could be yet another option worth exploring.

Ninja trader comes recommended and could be a “good option that allows for testing and development for free.” It’s also broker independent supporting Gain Capital, Interactive Brokers, MB Trading, and more. I like options and with the multiple brokerage support, I may look into Ninja Trader further.

Other options include FXCM’s FSS or Forex system selector. Based on what I’ve read though, you really can’t design your own system. You can select from their own designed forex systems. I don’t see the benefit to this at all.

FXTraderLink provides a facility for automatically trading your account based on signals from a portfolio of signal providers. I don’t want to rely on a signal provider to “provide” me with wealth plus I don’t trust them. I’m not a big fan.

I haven’t even begun to explore any of these options yet but I will regardless of the bad news I’ve received from others. Is it possible to make money with forex automation? Unfortunately I cannot answer this. I’ve had a tough enough time making money manually trading but at this point, I’d like to try something else

On-line services of paid and free Forex signals have became very popular recently. I even had to create a separate Forex signals subforum on the EarnForex.com forums for the free signal providers. My trading style leaves no place for using the Forex signals but many traders are fond of using them and even manage to profit from the free ones. Although it’s said that trading by the signals is not a real trading but is a long-term road to nowhere in the world of Forex, the trader’s talent can be applied with signals too. A trader that uses Forex signals can choose the signal provider, choose what signals to ignore, decide the size of the positions and choose Forex broker to trade with. Of course, the problems of using the Forex signals remain: what will happen when your provider stops issuing signals? What will happen when they change analysts and the signals stop working? How will you follow signals that are released during your absence? Etc.

Although EUR/USD managed to hit its new record high level (since August 11th, 2008) today, the currency pair is trading in a red zone as the demand for dollar pulls it down. The decreased producer prices and the below-forecast values on housing that were reported in U.S. today press heavily on EUR/USD during the U.S. Forex trading session. The currency pair is trading near 1.4931 now after hitting as high as 1.4993.

Producer Price Index (PPI) declined by 0.6% in September compared to a previous month, during which it grew up by 1.7%. The economic analysts forecasted an unchanged index value for September.

Building permits were at seasonally adjusted annual rate of 573k in September, which is below 580k reported for August and 595k expected by the traders. Housing starts rose from 587k to 590k annual rate in September, but 610k rate was predicted by the forecasts.