One thing is sure. If you want a sustainable escape from the rat race, you have to make your money work for you. Standard investments are good places to start. But the best returns come from a more hands on approach.
The ace in the hole for me has been my forex trading. I have to be honest; I totally understand why 95% of traders lose their pants. My first six months was an emotional roller coaster. I lost a lot of sleep and only by the grace of God I broke even.
I did learn a few things. First trading on short time frames, ie 30 minute charts, was not for me. In fact I suspect much more than 95% of traders who try it lose. It's almost like gambling, and if a few people have figured it out, it's beyond me.
Second, I can't predict what will happen tomorrow. I can however determine the overall trend and when price is relatively over or under priced.
Last, and possibly most importantly, its better to buy several small positions over time than to over leverage one position and pray for dear life.
Since January 2007 I've been making money in forex. Its been really steady. My benchmark is 1% per week. That may not sound like much, but without compounding you still get over half of your initial return in a year. For example 100k would give me 50k in a year. For me that's plenty with which to live. Especially if you have all that free time to preplan and live frugally.
Do I suggest others invest in Forex? Yes and no. I think that it can be extremely risky for the beginner and not easy to pick up. I kept trying and trying and it seemed that suddenly the clouds lifted and I was able to "get it." For some that Aha moment may not come.
I have even less faith in companies out there willing to "help" traders with ebooks or signals. My introduction to the market was by getting scammed by a signal service. Before I go too far, let me explain I now do have a bias.
I've started a signals website for those who don't know how to trade or don't want to spend time keeping up with the market. Why if I'm making such great returns would I deal with signals? The answer's simple. If I had 100k starting cash I might not fool with it. But I don't.
So providing signals is an easy way to generate additional income, and sending signals only costs me about 10 extra minutes per day. What would you do if you were me?
So here's the deal. My signals are $49.99 a month. If you cancel in the first 30 days you get a no questions asked refund. It's month to month billing, and there's a cool referral policy which I don't advertise on the website. For every person you refer who subscribes past the 30 day trial, you will get their first month's fee. In other words, if you refer 10 people who subscribe all the way through their trial period, you will receive $499.90.
Not bad, huh? There's no limit on referrals. Its worth it for me to lose the initial month subscription price in hope that my business grows and clients subscribe for years.
Even without the referral policy some of you have enough investment funds to totally change your socio-economic condition.
Let me know if you have any questions.
http://www.fxperspective.com/ email: info@fxperspective.com
No comments:
Post a Comment