In this article I will discuss making money online, Forex
trading, and software related to Forex trading. Both good and bad. As
well as cover some other things. Though there are a lot of systems out
there, more importantly scams, there's not quite as many as there are
online get rich quick schemes and ponzi schemes in general. There are
still hundreds if not thousands of scams that directly relate to Forex
Currency Trading. These scams come in various forms but often get the
record set straight on them quickly, however a few others somehow escape
the negative publicity and go for years and hit unsuspecting profit
seekers where it hurts the most daily. The problem with Forex is that so
much seems too good to be true, and a lot of stuff is, but it's also
true that many people have made millions and some aren't really all that
smart at it. You can profit from the right robot.
The first thing
I would like to discuss is the topic of sales pages, that common pitch
page that a lot of products use and you often think it's gone too far or
it must be a scam just by looking at it. But when you think real hard
about it, over half the time this is not actually the case... These
sales pages are so long and packed with information since they are
commonly advertised on the web and it is more or less business strategy,
as opposed to anything reflecting the product. Certain vendors force
you to use pitch pages, they need a specific landing page and it makes
things much easier for sales transactions.
So rather than guide
you through a structured web site with more details through various
sections; they often use this pitch page and they generally pack it with
information and a ton of hard selling. This has proven to be the trend
and it's gotten harder and harder for some EAs to market their software
without these types of pitch pages. It is often the case with digital
products and or/stuff you can order online. When it comes to these
make-money-online and Forex sites they often have a lot of flash to them
and obviously many things to draw customers in. In reality it's not
much different from any other form of advertising, most certainly not
the likes of gambling, and so forth. They need to have some sort of
appeal and be competitive. My conclusion is that even if it looks like
it could be a scam, do your homework anyway and it may not be. It just
depends. Some things are signs, but in my opinion web design and hard
selling are not direct signs of a scam. Though in the Forex Market
something to hope for would be charts and proof.
With regards to
the surveys and other things, it amounts to filling out spam for pennies
pretty much, data entry is the same and much more annoying than even
the most desperate realize. It also makes you look bad if you tell your
friends. You still have to spend time to make any real money, not
prizes, and some also require a credit card number on file, and they
text you and stuff too. Let's be honest, it sucks. It's bottom of the
barrel work that just isn't worth it. It's for the ultra-lazy. The kind
of human being who for example might get scammed by a Forex system. Not a
serious adult who is looking to profit from investment and extend their
savings, along with make more money in general.
I once tried a
clicking service just to see if I actually could make money, on the
popular moneytec forum it was this highly suggested thing by a bunch of
lazy work at home users, but I bought into it at the time, and, no joke I
signed up and they told me it would be easy and they would make it easy
to visit 1000 sites or whatever they have you visit for 15 cents. So I
clicked a link and it just starting loading every 2 seconds, it was
awfully slow, I waited 15 minutes and that was only like 25 sites, i got
a virus after, and i closed it fast. I abandoned the 15 cents for it
and thought instantly that these poor souls who do this are a whole
helluva lot more desperate than I am. I do not belong in these sort of
slums of the internet. This is the first time I have ever written about
it. Besides that several years ago before I started trading Forex I also
wrote a few surveys and never got paid once. I have marketed online to
some success but mainly my success has been through Forex Trading.
That's why I don't need to work a real job and can sit around doing
stuff like this all day. Publishing is very important to me. Once
something you write online get's indexed by a major search engine like
Google, chances are that it will be there for a very long time. I find
that important anyway...
There are other ways you can make money
online without Forex Trading, though sadly it is often bottom of the
barrel work; boring data entry, filling out surveys for pennies, to name
a couple of the more common ones. If you're into making web sites you
may also advertise on one of your sites or a network of sites, and for
that you need fresh content and you need to get traffic, which is way
harder than one might think. You can sell products virtually as an
affiliate, though you need to find your niche and work very hard at it,
it becomes a time consuming job for some people and no matter what
you're likely to going to need to invest in something no matter what you
do. Whether it's Forex, Web Design, Advertising or whatever it is or a
combination of things, most importantly it takes time and ability to
adapt your passion. Though you still have much more freedom, affiliate
marketing online is very crowded and has been for years. You can also
use a revenue-share article and/or video submission service in hopes of
being one of the few who can actually earn a living at it. Though that
is not for everybody. If you've got four young children and only have an
extra hour or two a day to pull in some extra income you most likely
don't have time to play a Martha Stewart like figure. Most people don't.
Forex
Trading on the other hand is more convenient in the sense that it is an
extremely profitable investment opportunity given the right expert
adviser, to advise your trade and supply your signals, generally to
guide you. That is option one. You need a broker. It's way easier than
you think and in the Forex industry not as big of a word as you might
think, easy to get and you don't gotta meet them in person or anything.
It's an online thing.
There are many options to trade Forex, one
of the most common would be the use of automated Forex platforms and
Forex robots, all automated Forex trading in general. There is nothing
wrong with it. This is where expert advisers come in, EAs for short.
These are the Forex experts as I mentioned above who supply your trades
and information to you. They pretty much tell you what to do. Some are
much better than others. Some are not out to supply signals at all and
simply selling their software to make profit from that end. Proper
automated Forex software oftens runs on the metatrader 4 Forex trading
platform, or at least the more popular ones do. Your EA software is like
plug-in software for it. I'd actually be wrong to say all EAs use it,
but many of the ones I have experience with use the Metatrader 4
Platform and I prefer it.
The other way to trade Forex is to study
the market, find all the relevant information you need, take a very
long time of a few months to several years to learn something, only to
have it blow up as you were still too inexperienced to do something with
your strategy when the market changed. Strategy is a very important
element of online Forex trading but not just having a strategy, it's
about having enough strategies and being able to adapt properly with the
market. This is why a lot of people fail without popular EAs, because
the EA is usually a well experienced trader and your common trader can't
provide himself with signals even half as good and a lot less
consistently. The well known EAs are usually like 15 year traders and so
forth who studied the market like a school subject and make extra money
on the side by selling there signals too you, or software which grants
them.
A lot of Forex EAs today simply don't have that sort
strategy or ability to adapt with the market... Thus not making them
scams, but just not prepared for the long haul in general. I have a lot
of experience with failed systems and systems that worked for just a
little while. I have others that work to this day but I am always
seeking new ones. I can review several including one I use now however
that has already been done a few times over.
If you're looking for
the cross between really learning Forex and just really having to learn
complicated signals and software I'd suggest Forex Fap Turbo. The
downside of this is you often need to buy extra stuff to learn it and
some of it is useless. All of this for pretty decent software but it
takes way more time and skill and not something I was happy with. I
requested and received my refund for the software and some other
software related to it, as it was just not for me and the only people i
heard reviewing and bragging about it were a lot more educated before
they tried it than I was. I wasn't ready then, am not ready now. Though
it's a well reviewed Forex system and not a scam, I'd provide a link to a
review but there is too many of the same, several are mere Forex
advertisements so that's not a lot of help. It also brings up a lot of
the Fap Turbo related software that isn't even the direct software and
you gotta buy it separately. So it's a lot of hassle even more than some
typical investments that aren't related to Forex.
I have also
tried automoney and several other Forex robots and automated Forex
platforms. I have found that many of these automated Forex systems are a
dime a dozen and send you through far too many loops to get the desired
results. If they don't eat your entire investment... Some systems don't
have stops and you have to do too much manually, others are slow, and
sometimes the EA is simply just not your sort of teacher and you get
lost sometimes...Some EAs will simply sniff you out and then screw you
over in the end. This is why it's important to watch for signs of proof
either by service trial or physical proof before making your purchase of
expensive Forex software.
I have also used Forex Assassin, the
eToro Forex trading platform and Forex Harvester but nothing really
significant has come up from any of those systems for me.
Some
Forex marketers, EAs and employees in general and so forth are so
vicious that they monitor new "Forex" related domain registrations and
somehow get your email address and solicit you... So you have to be
aware that in the Forex market as far as Forex expert advisers go, there
is a lot of them competing to get your money. You are merely seeking
the ones who are also looking to have a solid reputation and actually
provide you with profitable trades, your EAs #1 objective should be
successfully trading Forex and not selling their software. This is
another thing that makes the simple "pitch page" easy for EAs with very
little maintenance, on that end of things. The software should be and
often is a side venture for Forex experts who can actually profit from
their knowledge of the market and have the means to market themselves...
Can anybody create automated software and sell it? Probably not, I
think it's a bit of a stretch but then again it depends if you even get
software, or whatever, most systems that are fully developed and have
good features but don't work - were more than likely meant to work at
some point.
I have read up on quite a few of the most popular
Forex review sites like Forex Peace Army and many other well known ones,
and to me they all pretty much point towards the same complicated
software and their voters are already experts investing 10s of thousands
already and they barely feel some of their losses. They switch around a
lot; nothing turns out to be solid in the end. The reviews on sites
like that most likely got started through advertising. Too many people
get to review their own systems on Forex sites like that, etc. You never
know who the reviewer is. Searching for automated Forex software
reviews is almost impossible nowadays since they all say pretty much the
same thing and are mostly positive...
I have read up on many
"free Forex signal" reports on the web and I also participate actively
on various Forex forums and other Forex related sites. I often find with
these particular free Forex signals at least my impression is that you
get somebody looking to be a mentor of some sort for you, they are
usually shady and turn out to be lacking when you need them the most.
These guys are usually empty handed. They are trying to freelance or
whatever so that they can supply systems and build a name for
themselves, but the problem is that these are the guys who after so many
followers do create a commercial system and then ultimately end up
failing, their the failed EA newbies to some extent and you want an EA
who is an accomplished Forex expert.
One should consider it much
better and safer to use an established system that is known to work, and
not the work of an aspiring EA, or even worse, somebody who doesn't
have those credentials at all and are just trying to stuff their ego. I
have not enjoyed the free Forex signals and find it more like looting
through them then finding anything really that productive, not much is
there or else all Forex signals would have to be free and would be for
everybody, all the best Forex signals would be free. At least that is my
concept. I don't want a rookie EA telling me what to do, since the
trend in the Forex market nowadays is most definitely for more popular
and well established EAs to sell systems, mostly automated software.
That is one thing I don't understand, who these people are that clog up
the forums with nonsense and think they can compete in the market with
actual successful Forex EAs who really know how to trade.
How much
you want to trade really depends on you. If you're a Forex starter you
need to have a good EA for starters, and while I can't hand pick one for
you, I can provide at least one review since I have spent time on the
subject, in this article off-site to an excellent EA which i have tried
and complies with several of my standards. I feel it is an excellent
resource for people like me at least who gets lost on the big stuff.
There are many fish in the sea.
