Best Automated Forex Trading Software

Best Automated Forex Trading Software

As a Forex trader, you will know how exhausting trading can be, especially if something goes wrong. There are traders who dream of a partner who is intelligent, not exposed to emotions, logical, always looking for profitable trades and who can execute trades almost immediately.

If this is something you're looking, then we should tell you that these qualities above describe Forex automated trading software.

A wide variety of such programs are easily accessible. Their primary task is to function without the presence of the Forex trader by scanning the market for beneficial currency trades, utilising either pre-established parameters, or parameters designed and then programmed into the system by the user.

In a nutshell, with automated software you can turn on your PC, activate the program and then walk away while the software trades instead of you. This is the basic principle. The purpose of our article is to tell you more about the aspects of automated software, so that you will be able to choose the best automated Forex trading software in accordance to your needs.

Who can use automated software and how does it work in 2018?
Hypothetically, newbies, experienced or veteran Forex traders might benefit from using automation software to make their trading decisions. In fact, the software comes in a wide range of prices, as well as levels of sophistication to meet different needs.

Online customer reviews of such FX programs will reveal their virtues and flaws. Most often, programs offer a free demo period along with other incentives to buy. Other sellers may provide a free demo model in order to get the user acquainted with the program.

One of the positive aspects of Forex auto trading software is that themarketing incentives to buy specific packages might provide extra tools for trading. Nonetheless, those programs are far from infallible – and the trader should be aware that the use of automated software does not 100% guarantee an infinite amount of successful trades.

Let's look at how this type of software actually works. Automated Forex trading software is a PC program that analyses currency price charts, as well as other market activity. It determines the signals, encompassing spread discrepancies, trends in price and news that may affect the market, in order to locate potentially beneficial currency pair trades.

For instance, a software program will utilise criteria the user sets, determine a currency pair trade that satisfies the predefined parameters for profitability, and it will broadcast a purchase or sell alert. On this alert, the software can be programmed to automatically carry out the trade.

The advantages of automated software in Forex
Although we do not recommend any automated Forex software, it is still important to outline the upsides of it. A key advantage is the removal of emotional and psychological influences when identifying what to trade. Automated software makes your trading decisions consistent and completely unemotional, exploiting parameters you have pre-defined, or the default setting you have previously installed.

Novice and even experienced traders might sometimes make a trade based on some psychological trigger that disobeys the logic of market conditions. With automated trading, different human lapses of judgement just do not happen.

Furthermore, for currency speculators who do not make trades based on interest rates but rather on particular currency spreads, auto Forex trading software can be effective enough. This is because price discrepancies are instantaneously apparent, the information is immediately read by the trading system and consequently a trade is executed.

In addition, other market elements might trigger buy or sell alerts, such as moving average crossovers, chart configurations (like triple bottoms or tops, or other indicators of support or resistance levels). Additionally, automated software programs also enable traders to manage multiple accounts at the same time, a real plus not easily available to manual trades on a single PC.

For serious Forex traders who have other interests, occupations or obligations, automated software or an automated Forex trading robot saves a considerable amount of time that they could otherwise have devoted to studying the markets, analysing different charts, or watching for various events that somehow influence currency prices.

Automated FX trading systems allow the trader to free themselves from the computer monitor, whilst the program scans the market looking for trading opportunities – and therefore, makes the trades when the conditions are right. This implies that day or night, the program is constantly at work and needs no human supervision.

The best way to learn automated trading systems is to watch our free live webinars. There are a lot of practical tips and insights in there, suitable for both beginners and traders looking for something more in-depth.

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Choosing your automated FX trading program
Although not all programs on the Internet operate well, there's a good chance you'll find something useful, perhaps even the best Forex auto trading software.

However, some firms advertise to have a very high percentage of winning trades. You should be cautious. Such advertising claims must be verified. In fact, the best software publishers will undoubtedly provide authenticated trading history results in order to show the effectiveness of the programs they are offering. The golden rule is to understand that the past performance is not a warranty of positive future results.

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Define your needs
Since automated trading systems vary in swiftness, performance, programmability and complexity of use, what is good for one trader, might not be good for another. Some Forex traders will want to have a program that generates reports, or imposes stops, trailing stops and other particular market orders.

An essential item in any automated system or automated Forex trading robot is the real-time monitoring. Other traders, such as beginners, or those who are less experienced, may want a simpler program with a set-and-forget feature.

Moreover, remote access capability is vital if you travel often, or intend to be away from your PC for a long time. Therefore, your program should allow access and functionality from any current location through Wi-Fi or any other internet access. A web-based program can be the most useful and practical method of serving the trader and his needs.

It is important to outline that virtual private server hosting, or VPS, is a service worth considering for the prudent Forex trader. The service, sold by different companies, provides immensely fast access, isolates the Forex automated software for security purposes and also offers technical support.

Furthermore, some firms tend to charge extra fees and trading commissions. In turn, other companies claim not charge any fees or commissions. Commissions and fees can draw down your profitability, so you should carefully check your user contract.

In addition, the top firms offer programs with different return guarantees. After buying and during a fixed period of time, if the user decides the program is not good enough, then premier firms will permit you to return their automatic Forex trading software for a refund.

How to test the software
Some firms provide video content of software programs functioning in the market, purchasing and selling currency pairs. If there are screenshots of account action with trade prices for buy and sell transactions, time of profit posting and execution – then you should check them out before committing to anything.

While testing new Forex automatic trading software, run the tutorial or any other training function in order to see if it is appropriate and answers all of your questions. Additionally, you may have to call the support desk for answers to complex questions about programming, like the buy-sell criteria, and exploiting the system in general.

If a help link is offered to you, then check how easy is it is to navigate and whether it's of any use. Some of your questions might not be answered through information in the help section and knowledge base.

Most often, the majority of the leading firms will also offer a free, non-obligatory test of their automated Forex trading robots, so that the potential customer can see if the program is a good fit. In such a situation, test to see if the program can be installed easily, and ensure that you do not have any difficulties with understanding and using it. Moreover, ensure that the software is programmable and flexible so that you can change any pre-installed default settings.

Main points to consider while choosing automated software
The majority of the most popular auto Forex trading software will actually trade the leading currency pairs with the highest volume and most liquidity. These will include USD/EUR, USD/GBP, USD/CHF and USD/JPY.

Trading methods will vary from conservative – with programs designed for scalping a few points in a trade – to a more adventurous trading strategy with risks. The user decides which approach to use, and the strategy may be adjusted in each direction. You should read customer product reviews that are posted online before purchasing, as they are a good source of information about the automated currency trading software.

Price competition currently favours the consumer, so shop around for the best deal, but do not sacrifice quality for price. Prices for trading packages can range anywhere from hundreds of dollars to thousands.

Lastly, look for a high level of service and technical support. This is crucial for Forex traders at any level of experience, but is especially significant for novices and newbies.

Final thoughts
It does not matter what level of expertise you have in Forex trading. Whether you are a beginner, experienced or veteran trader, Forex trading automated software can help you. There are always potential dangers when trading in any market – and it's the same with software. There are a lot of scams on the internet. Fraudulent software can be avoided by conducting due diligence on any company.

It is vital to understand, that no Forex automated software can guarantee a 100% rate of winning trades. It's also important to remember that past performance does not guarantee success in the future.

Before you dive deeper, it is in your best interest to learn in safe, risk-free environment. Speaking of which, take a look at our free demo accounts – the easiest way to learn the basics of Forex trading and polish your skills as a trader.

Forex Indicator the BANKS profit with in Forex. Free D/L in description

Forex Indicator the BANKS profit with in Forex. Free D/L in description

Now, when most retail traders look at the forex market, they look at it in terms of forex pairs. Say the euro-dollar, or the euro-yen, or the pound-dollar. But have you ever thought for a moment, which currency is the strongest or the weakest around the world? Well, this is how the bank's view the forex markets. And I've got the perfect indicator that show you one way that the bank's identified the strongest versus the weakest currencies in order to trade. Now, you can download this indicator from the description tab below. However, before you do, let me show you exactly how and why you can use this powerful indicator that could revolutionize the way you trade the forex market. Think about this for a moment. How great would it be to have the top forex trader from one of the major banks in the city, sitting beside you all day long, as you trade the forex market? Sitting on your shoulder telling you what you should be buying and what you should be selling? Pretty awesome! Yeah? Well, the chances are that's not gonna happen, and I for one certainly can't magic that for you.

However, what I can do is tell you and show you exactly what the top forex bank traders are doing, that's way,way different than most in this business and certainly more than average Joe is doing from his laptop in his home office. Now, first thing when people come into the forex market is they look at the Forex pairs. As I said in my short introduction, the euro-dollar, the pound-aussie. With the top bank trader, he's not looking at the pairs. He's looking at the strength of weakness of individual currencies. And he's pitching that against the strength of weakness of other currencies.

Now think about it for a moment. Generally speaking, we trade eight major currencies in the forex market. If you cross match these eight major currencies against each, there's 28 different possible currency pairs to trade. It makes total logical sense, doesn't it? To be buying the current currencies that are strong and selling the currencies that are weak. If the pound, for example, is strong and the US dollar is strong. Why do you want to be trading the pound against the US dollar? That both strong currencies. Surely it makes total sense to buy one of these stronger currencies and find a weaker currency. Could be the Swiss franc or the yen, and sell that against one of the stronger currencies. That's what the big bank traders are doing and that's why they've got an edge on most retail traders. Now, with this indicator that you're downloading today. It's gonna show you how you can identify which currencies are strong and which currencies are weak. Exactly the same way that the big bank traders are doing it.

Alright! Come and join me on the screens now and I'll show you the power behind this indicator and show you why it's gonna revolutionize the way you trade the forex market. Come on! Okay! So, here we are on the screens. Now, this is the indicator that is gonna help you look at the markets in a way that's very very different, then chances are you've looked at it before. It's a way that the banks are looking at the market. Now, to the untrained eye, it's gonna look like a load of old squiggly lines. But I'm gonna show you once you understand what you're looking at. These squiggly lines can show you some really really powerful information. Now, let's first explain what they mean. The each individual line represents an individual currency in a standalone format. And the color coding is down at the left of the screen here. So, for example, the green line the USD, that's the United States Dollar.

The Euro is the blue line. The British Pound is the GBP, the white line here, this is this one down here. And then you've got the Canadian dollar at the bottom, and that's the purple line, that's this line in here. Now, when you look at these lines in comparison to the other lines, it will tell you if that particular currency is strong or weak in relation to those other currencies. So quite clearly here, you can see the British Pound this at the moment is a strong currency. This is being bought. It means it's going up in value. The weakest currency in the basket of eight currencies down here is this red currency. Going back to the key here, you'll see the red currency is the Swiss Franc.

That means, the strongest currency at the moment is the British Pound and the weakest currency is the Swiss franc. So you ought to be buying the British Pound and you want to be selling the Swiss franc to put the edge on your side. Now, this is on this particular time frame. It's a 15-minute time frame. If you look at this summary chart here, it will show you if the currency is strong or weak on all the different time frames from the 5-minute, all the way out to that one day time period. Blue box would indicate the currency is strong in that time period, and a red box would indicate that currency is weak in that time period. So, currency that's blue across the board will be a strong currency across all time frames. The currency that's red across the board will mean that's a weak across all time frames, giving you even more of an edge. So, let's have a look now at that price action charge.

So, we're looking at the British power in the white line against the red line, the Swiss franc. If you pull up the price action chart, here is the British Pound against the Swiss franc. You can see there's big big buying momentum going on in this currency at the moment. If you want to get the edge on your side, you potentially wanna be buying this currency. Buying the Pound and selling the Swiss Franc against, it makes total sense to be buying something that's strong and selling something that's weak. Why do you want to be buying a currency that's strong and selling another strong currency against? It doesn't make sense. Why would you want to be selling the Swiss Franc and selling another currency that's also weak, as well? It doesn't make sense. You want to be buying a currency that's weak, yeah, that's strong and you want to be selling one that's weak, currencies that are diverging away from each other.

Another way to use the momentum meter, here is by looking for ranging markets. Here, you'll see in the middle of the chart, you'll see the the orange line, that is the Australian Dollar. The brown line is the Japanese yen. These are both hugging each other. They're both stuck in around the center line that both not doing very much. So, if you pull up a chart in the Aussie Yen, you'll see that this currency pair is not trading very much at the moment. It's trading in a very tight range and a range trader will typically be buying down here and they'll be selling up here. And using the momentum meter here, will indicate or show you currency pairs that are currently range trading.

So, another very powerful way of using the momentum meter. Now, the other thing I want to mention here is the market commentary box. I trade throughout the trading day. I streamed several times a day in the Trading Room. And I'm trading a strategy called the propulsion strategy. And I'm using this indicator to give me heads-up on what currency pairs I should be trading with my strategy. And I'm populating this market commentary throughout the trading day looking for setups telling you what trades, I'm getting into on what I'm saying in the markets. And you can access this all through the Trading Room. Okay. So, I hope the light bulbs gone off for you. You're now gonna see the market in a completely different light. It really does give you an edge the market that most retail traders doesn't don't even know is outlet.

This is the way that big banks are looking at the market. I hope you enjoyed the video! Give me a thumbs up if you enjoyed the video. Give me a thumbs down if you didn't enjoy the video. Leave me a comment. I love to hear if this makes sense to you. If it's still unclear, let me know. I'll possibly explain it even further. Okay. So it's result time. Now, you'll remember from a couple of weeks back, I offered you the opportunity to enter a competition to win an annual pass to our live Trading Room here at .The response has been overwhelming.

So, thank you all for taking part, and thank you all also for the wonderful comments that you have also left. We're giving away three annual passes, and the winners have been randomly selected over the 20,000 or so that have entered the competition. And here are the winners...The names will appear on the screen as well. It's Scott Mariani Gene Hudson and Muhammad Aliyu I don't know where you are in the world that doesn't give us that information on the... on the YouTube. But please do send us an email if you're one of those winners. Would love to hear from you. We'll get you set up in the live trading room without delays. A really cool place to hang out. Lots of stuff going on in their live streams throughout the trading day.

As well as some education content and a very vibrant chat as well. So, I'm sure you're going to enjoy that over the next coming weeks and months. Thanks, -- for taking part. Until the next video. Happy trading! .

Download link: Ever asked yourself how the banks profit in Forex? Rather than focus on individual currency pairs in Forex, I use an indicator to identify the strongest and weakest currencies. This indicator is called the "Momentum Meter" and you can download it for free here: You'll need to register for a free account. Remember your username and password as you'll be asked for this when you install the indicator in the property settings. It's compatible with MetaTrader 4 and there is install instructions on how you can get started using it.

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3 common MISTAKES Forex traders make! And how to avoid them?!

3 common MISTAKES Forex traders make! And how to avoid them?!

Hi guys! It's Andrew Lockwood here again. Now, what I found over the years is that there's a consistency in the reasons why many struggle to make it as a trader. And I'm not really talking about the common mistake is a common reason that we've all heard about. About the excessive use of leverage, not using stops or indeed not having a trading plan. But I want to talk to you today more specifically about the actual buying and selling. Way on a chart, you should be buying where you should be selling. We want to show you where to put the high-poverty trades only take those trades that are offer the best chance of success.

And how to avoid the ones that are going to give you higher risk as well. Now this video is brought to you by our partner Broker IC Markets. Trade with IT markets and get access to super tight spreads. Fast and Easy Deposits or Withdrawals. 24/7 helpful Customer Support. Now if you open an account below using the link you also can take advantage of our Specially arranged Commission Structure. Just $per lot traded. Right! Now, let's get to the screens and let's look at these high probability areas of a chart where you should be placing your orders. And also look for the areas that you should be avoiding and staying away. Come on! Let's join me now on the charts. Now, I'm sure you've heard that expression in the past that says "Trading is simple, but just not that easy". Well, I don't think there's a true statement out there that can reflect the trading business in a more accurate way. Which is why I often wonder why many aspiring traders that are coming into the market for the first time make life so difficult for themselves? Putting the odds against them on everything that they do? Now we've all read the books.

You know we've seen the YouTube videos. We all know about the main reasons why traders fail. The excessive use of leverage. Taking on too much risk. Not using a stop loss and not sometimes even having a trading plan. So I'm gonna assume that you've at least got that inside your head. And today we're gonna talk about the three biggest actual trading reasons why many traders fail when it comes to actually reading a chart. And the first reason which I think is linked to the other three is that most traders don't look at the bigger picture. A lot of traders will get fixated on a particular time frame. Be it the one hour, the four hour, the daily weekly or whatever it is. But they're unaware of what's going on in the bigger picture. Now what I'm trading. I'm always looking at the markets with the top-down analysis approach. I'm always looking at the higher time frame. And by doing so, you're not only puts the odds in my favor, and it gives me the higher probability trade setups, but actually keeps me out of trades as well, which increases my win to lost ratio.

So, here you can see how I would typically set up my screens. I used the multi timeframe analysis. Now let's assume that I'm trading on the one hour time chart. I always want to be aware of what's going on on the four hour and indeed the daily. So we start off by plotting our key levels of support and resistance on the higher time frame. And this is example is going to be the daily down here in the bottom right. So the best way to plot support and resistance. Certainly on the daily and on the higher time frames is to use the line chart. Now the line chart reflects the closing price in that particular time period. Shows you who won the battle. It basically ignores the extremes of the weaks. So we like to use the line chart. These are very powerful levels on the daily and set me on the weekly as well.

So it's imperative as a trader. Do you know exactly where these levels are on the higher time frames. We plot these in at the key turning points, or levels that have been respected on more than one occasion. Perhaps plot one in there as well and another one goes in there. And then we toggle back to the candlestick chart and that basically shows you now but the weaks and how they weaks basically were the extremes. But the closing price is the important part. Now once you've done the daily, we drill down to the four hour and do exactly the same. And now the trick is not to place lines of every turn, but just the key levels. Otherwise you'll have more lines on the chart, and you'll end up never may never take a trade. So just kick click your lines in at the key levels the key turning points. But as I say it's imperative that you know what these levels are on the higher time periods from from what you're trading. Now of course, I'm gonna be looking at trading on the one-hour time period.

But now I've got these levels on my chart. So I know exactly where levels are of significance either whether I'm going to trade. Counter-trend off these or indeed fall to use these lines to keep me out of trades or indeed for pullbacks into previous support which often becomes resistance and previous resistance often becoming support. So when you're trading it's always worth having a cast to the right of the screen. In my case, to look at the higher time periods to make sure that you're not coming into a key level.

Now you need to update these periodically, maybe several times a week, just go back and we plot the four hours certainly, maybe do the daily once a week. I generally like to do mine on a Sunday before the trading week begins. But it's imperative that you know where these key levels are on the multi timeframes. Now another very powerful way or the the higher time frames is to look for price action. Certain candlestick pattern formations at key levels.

So for example here on the daily, you see here that we had a very nice bullish pin bar at the bottom of this downtrend indicating that a trend reversal could be potentially on the way. And indeed at the top of this trend we had this bearish pinbar coming in at this level of previous resistance, indicating that a potential trend is reversing. It came back down on herself. And at the top here we see a bearish engulfing pattern again indicating that a potential reversal of trend that we discussed . This is one of our strategies indeed that we talked about in our training room every day at So check that out if you haven't already done, so. Now I think the number two reason why many traders fail in the market when they first take up training is because they are trying to outwit the market.

They're trying to be clever. They're trying to pick tops. They're trying to big bottoms. They're tall in the market overbought or they're calling the market oversold, trying to predict the exact turning point of a market. Which is very very difficult even for the experienced trader. What I like to do as a trader, and I've been training for over thirty years is to follow the trend. We've all heard the expression the trend is your friend and that's the way I like to attack the market on an intraday basis. Typically, I'll have my screens looking something like this, so on the daily and on the four hour I will have the fanned out moving averages. I use the 10 the 20 and the 40 on both these time periods. I wait to see the markets fanning out and pointing in a particular direction.

In this case they're all pointing up and price is above the moving averages. So I am now only going to be looking for long trades in the dollar against the yen on the hourly time period. Now I'm gonna wait for pull backs in the market. I'm not going to just buy at the top. I'm gonna wait for pull backs and areas of confluence. Look here! This markets been trending up in the one hour. There's certainly there have been opportunities to try and pick tops and bottoms of this market. You could have picked the top there and you could have got 70 pips out of it. Had you got that one right. You could have picked the top here and got another 70 pips. You could have picked the top here, and if you were to pick the bottom, you know called 40 pips.

But it requires a high degree of accuracy to pick these tops and bottoms. These swing highs and their swing lows. Isn't it far better? Far more opportunity to go with the trend once you've seen it on the higher time frames and that the market do the work for you. Rather than you predict that the turning points are gonna happen. Now a way that I like to get into the market I like to look for confirmation or confidence. So I like to look for certain price action. I'd like to see these pin bars. You see one here. You see one here. There's a bigger one here. When prices come back through these levels of moving average levels that I've got drawn in here or indeed levels of support or resistance. You've got on the higher time frames. You remember we spoke about the high time frame analysis. When you see these pin bars coming in to these levels, and the markets basically trading lower.

And then the bulls take control and push the market back up and closes higher. That's basically a hammer candle or put a bullish pin bar. That's a very positive candle. There's another one in there as well, and there's another one in there as well. There's one there as well. So plenty of opportunities to look for areas of confluence. I also like to look at a 50% pullback. It's a very common retracement level. So I plot a level of potential support to a recent swing high and then wait for the market to come back and and pull back 50% of that move.

That's another level when you see price action at that level like a pin bar or something like that then that again is a very powerful level in order to enter the market. Areas of confluence with the trend is a very powerful way. Many people make the mistake common mistake of trying to pick the swing highs and the swing lows in order to outwit the market. And lastly the third reason why I think many traders fail in this business is because they are over complicating it. They are loading up their screens with masses amounts of indicators. They're out there looking for the Holy Grails, and they've put all these things on their charts, and then all of a sudden. They can't even see the candle for the indicators. Now there's a real common reason people are thinking that they've found the magic sauce to trading by their certain indicators. That's been around for 20 years and has made no one a very rich.

The best way to trade these markets is to have completely clean charts to wipe off all these indicators. Get yourself back to just pure price action. Maybe with a couple of moving averages and maximum possibly one indicator. But that's a real common problem that a lot of trainers have and I think it needs to be wiped out. So those are the three common areas where people are failing in this business First of all they don't look at the bigger picture. They don't analyze the market with the top-down analysis. Secondly, they are not following the trend. Following the trend has it's massive advantages for the new trader.

Trying to pick tops and bottoms although it can be done, it's a very very hard task even for the experienced. And lastly over complication with a mass of indicators. Cut it out! As always I hope you found this video useful. Give me a thumbs up if you did. Give me a thumbs down if you didn't. I'd always leave a comment.

I try to get back to as many as I can. Subscribe to the channel if you haven't already done so. And don't forget to follow us on Instagram as well to keep abreast of everything that's going on here at Till the next video happy trading and good luck! .

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The BEST Forex trading style to trade the markets!?

The BEST Forex trading style to trade the markets!?

Is swing trading better than scalping? Or is day trading the best way to attack the markets? What's the difference? What's most profitable? Let's discuss! Now, the most common question that I get asked by aspiring traders when they meet me for the first time is what trade approach is most profitable? Do scalpers make more money than day traders? Is swing trading more profitable than day trading? Basically, the answer is there's no one answer that fits all. It does indeed, depend on a number of factors and based on personal circumstances, trading objectives, and the like. And maybe not as obvious, but one of the other important factors that you should consider is your personality traits Because after all a lot of trading come down comes down to psychology. Now, let's first of all, define what the different approaches are. First of all, you've got day trading. Now, the way I describe day trading is someone that sits in front of his computer for several hours a day, looking to enter and exit trades within that calendar day.

Now, that of course doesn't mean that he will never hold trades overnight. Sure, of course he will but he generally doesn't. He generally, closes them out within the calendar day Now, to be a day trader. What it means is you need to be working it around your day job. Certainly, when you are starting out. But there are of course, many aspiring traders that simply have time on their hands during the day. To be able to trade you could be retired or you could in fact , you've given up your day job to embark on this a new trading career. But generally speaking, a day trader has five six-seven hours a day n order to analyze the charts looking for trade opportunities that may appear several times a day. A swing trader on the other hand, is looking for longer term trades generally on the higher time frame charts. Now swing traders can be anything from a couple of days to a number of weeks. Now, you can be a short-term swing trader in which case you'll be looking at maybe two to five days but generally less than the way a medium termed swing trader can be anything from a week out to a month and a long term swing trader.

Now, that could be measured in terms of weeks and indeed months. Now, at the other end of the spectrum You've got the investor, and these of course are looking into months and indeed years or very broadly speaking of course Now at the tighter end of the scale you've got the scalper which is very time-sensitive typically you may be in a trade for a matter of minutes or indeed just a few seconds as The scalper name implies you're looking to scalp out small tiny chunks of profits multiple times a day Having multiple trades as they hoping to have more winners of course than losers So which approach is more profitable Well, let's first look at the scalper now.

It's a very popular form of trading partly because of the fill factor Especially in the forex market where it's so easy to enter And exit the trades so easy to set up a trading account with a very small amount of money Now a person with a day job that has just a few hours a day limited time to spend in front of the screens May be attracted to scalping Because the potential for profits and indeed losses they can happen very very quickly and if you're limited for the time In front of the screens then this could be an attraction for you scalpers will generally risk just a small percentage Amounts of the account so that no one trade will affect them adversely But for the small risk the gains are equally small on each trade, but the intention Clearly is to have more winners than losers Now for gamblers the natural reaction when they're losing is to fight a losing streak with Bigger risk on the next trade and this can cause huge problems in your trading So you've got to make sure that if you're going into the scalping methodology then you don't have these gambling traits a trader that comes into trading for the first time and Starts off with the scalping approach will generally have that gambling tendency which can be indeed very dangerous Brokers generally love rookie and aspiring traders that elect the scalping approach when they first start off Why well because most of them do end up blowing up their $500,000 trading accounts and in the meantime or paying the broker lots of commission for the joy of doing that Why is it? Do you think that most of these brokers will offer huge bonuses to get you into trading in the first place? Why is it that they offer huge huge leverage well? I'll tell you why they do is because they know that the majority of guys that come in and guys and girls that come in To trading for the first time using the scalping approach will end up blowing their account now Don't get me wrong on this okay, because there are some very very successful Manual scalpers out there, and I know quite a few However, I think it's fair to say that it's not advisable to start your training journey as a scalper things can happen very Very quickly you've got to be able to react very very fast the multiple adrenaline highs and the lows Can be very hard to deal with and you need to have experience So that you know how your emotions will react in these conditions To be a successful scalper you need to be extremely disciplined Okay, you need to be able to control your emotions And the adrenaline rush is that this trading does indeed provides.

Now, indeed if you are one of these people That can control your emotions control the discipline and you can handle these adrenaline rushes then indeed you could possibly make a very good living out of scrapping, if you know what you're doing Personally for me. I find it just way way too stressful, and maybe it's an age thing But certainly in my earlier days when I was trading in the pits in the pits of London You know we were basically scalping and it made many traders Multi millionaires at a very early age some lost a lot and indeed some actually even lost their hair Then you have swing trading now, this is trading at a much slower pace Traders are able to do their analysis in a short period of time perhaps at the end of the day or even in their lunch break whenever work permits It's great for those that just have maybe 10 20 30 minutes indeed to spend in front of the charts They analyze the markets and they place their trades possibly with a pending order that's basically waiting for the market that come to them in order to execute Very analysis is over a longer period of time after all they may be in the trade For a few days or indeed weeks the emotions and stress of a swing trader is Considerably less than a scalper and remember most traders that lose Lose because of the emotions that get the better of them not the fact that they call the market wrong in the first place Now the price action signals are also debatably more accurate over the longer time period projections as well now if you want to trade fundamentals fundamentals play out much bigger on the longer time periods so if you're using fundamentals and technicals Sometimes a swing trading approach can be much much more powerful than a scalping approach now a swing trader may risk or one or even two percent of the account on each trade But because less trade will be taken so the chances of a complete wipeout Are also going to be lessened by the fact that you're trading less? Using 2% as a scalper could be disastrous.

Let's face it You could easily have 10 trades on the bounce as losers that will put your count down 20% as a scalper that means you've got to make 25% just to get back to break-even Now in the middle we have the day trader. That's basically what I do Well, I do a mixture of day trading and swing trading So I'm able to spend multiple hours in the working day analyzing the markets Looking for the high probability trade setups looking at the 15-minute chart One-hour chart the four-hour charts, you know I have time to sit and wait for the trades now If none come along doesn't bother me. I know there will be some trades coming down the line in the future We don't force trades as a day trader because we have time on our hands You know we hadn't we're not limited just an hour a day. We've got plenty of time to analyze the markets We are patient traders We may be risking a quarter of a percent or higher percent on each trade no And we may just have a few trades in the day, maybe some days We won't have any trades at all But the emotions again a lot less than they are with a scalper I know I can handle the discipline and the emotions of day trading Much greater than I can if I'm in and out of the market on a dime For signals using the high timeframes such as the one hour the four hour can be quite powerful if you know what you're looking for It stands to reason that the less trade you take the less stress.

You'll be putting yourself under However one of the biggest problems that I've found over the years is that many that come into trading? for the first time They have a limited amount of time on their hands Maybe a couple of hours a day so they start off by day trading and they're gonna get themselves Frustrated because the trades aren't coming their way and they take trades that are simply not there which can often and more than likely lead to losses in the trading account so if you're embarking on a trading career and deciding which approach you are more likely and best suited I Would say you've got to analyze firstly the time permitted that you can spend in front of the trading screens then you've got to look at your personality how disciplined and Emotional are you? You need to consider your Objections, what are you coming into trading for are you coming in for a bit of fun? Are you coming in to supplement new income are you coming into this to eventually give up your day job or trade? Full-time as a professional trader So all these considerations must be taken into account when you're considering which trading style to adopt My advice is this quite frankly if you're an aspiring trader coming into trading for the first time You start on the much much higher time frames the swing trading approach if you're starting on the swing trading approach You're not gonna Let the emotions affect you as they do with most traders and emotions or the killer of most traders believe me So start on the higher time frames and as you get proficient, then you may work yourself down to the lower timeframes Scalping is great for those that have the high temperament the high Discipline approach but for most of us out there that I think is few and far between Look.

I hope you found that useful if you liked my video the content. Please as always give me a thumbs up Give me a thumbs down if you thought it was a load of old tosh. Leave a comment below, and I always get back to as many as I can Subscribe to the channel if you haven't already done so and of course don't forget to follow the Instagram as well To my next video good luck with your trading speak to you soon .

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Can You Make A Living In Forex Signal Copying!? Is It Possible?!

Can You Make A Living In Forex Signal Copying!? Is It Possible?!

Is it possible to make a living at a full-time career out of following someone else's signals? So what an interesting topic this is. Can you make a living by following someone else's trade signals. Very important. Certainly for us anyway because we work for Joking aside, it is a valid question. And I think it needs no further analysis. My experience over the last... you know 20 years or so trading the trading the screens. I've seen a lot of people come into this business, trying to give up their day job. Thinking they're going to be a trader. This is their road to riches. It's a get-rich-quick scheme, okay? They don't like their current jobs and they think they're going to be you know just switching on the screens and making a living. People are looking quite often for the easy way out.

And this approach has really led to a real growth industry in the forex signal service business. Basically, what a forex signal service is, is exactly what it says on the tin. You know you pay a subscription. A monthly or annual subscription or whatever payment plan you have with the provider. And that provider will send you a signal to your email, to your smartphone or what have you. And that will be a buy or sell with stop loss levels, take profit target levels might even have some risk management in there as well. So what a signal service will do? Send you the signal you as a trader will take the signal and off you go. You try and make money. You've read on the tin that this strategy makes twenty percent in the course of the year, so you think that is great. Well, I thought sure--- I don't think it's a really as easy as that.

And I think you need to put some more analysis into the civil service, and we'll talk about that a bit more in in a moment. But there are certain advantages. Am I following a signal service and the first advantage is: Learning to trade itself is not an easy task. Is not something that you can do overnight. Not something you can pick up a book, read the book and then you become a trader .It takes time. A lot of time. I've been trading for thirty years, twenty years really on the screens. Takes a lot of time and a lot of screen practice.

And that caring love bullets. So for your signal service having faith in someone else to make those decisions for you can be a huge advantage. Now, let's assume that strategy you're using or that the provider is using has been that tested. It's got a good track record. Presumably, they've done their back testing. That testing is an incredibly boring task. It has to be done. You need to know how the strategy performs. So if you want to follow a signal service, you've got to assume that that provider has done all that back testing for you.

He's taken all that hard work out for you. So there you have a strategy. Honest back testing. It's got a great return on investment, off you go with it. Well quite frankly, here is where I think the double-edged sword is. It's not quite as simple as that. When you follow a signal service You basically... shifting the responsibility onto someone else. And it's very easy when you shift the responsibility onto someone else to blame someone else when that strategy goes wrong. Then you start losing, okay? That's a lot of the reasons why people do it. They don't want to take some responsibility. But I think to use a signal service in the most effective way, you've got to take some responsibility. Okay, you've got to understand what's going on behind the strategy. So you've got to understand the characteristics of that strategy.

How it informs in volatile periods. What the maximum drawdown is. What the maximum number of consecutive losses will be. What's the maximum number or potential gainers you're likely to see as well. It's only really have their the information. That you're able to have more trust in the actual signal service itself. Very easy to throw out a signal service because you've had fire losing trades. Then you move on to the next signal service. And then the next one and the next one and the whole cycle repeats itself.

So you need to do some further analysis into the signal so that you've got confidence to stick with the strategy indeed when it does have those drawdown pillars. You need to know what is going on behind the scenes behind that signal. Now the other thing I think I want to talk about is the risk management. Risk management is crucial when you're trading. A lot of these signal services that you see they don't really include the risk management. The big picture. They might say only risk 1% on the trade, but they're not looking at the big picture in terms of your trading plan. Where you want to be in a month's time, six months time, a year's time, in two years time. This just basically a quick profit and that's what they're basing themselves on. To become a successful living making a living out of trading, you've got to have a plan.

You've got to have a strategy in terms of risk to take you forward. A lot of these strategies these are similar services don't provide that for you. So what you need to do basically quite frankly, is follow a single service. But know what's going into it. What's the backbone behind it and the bigger picture. Psychology, risk management. Now here at, we do exactly that. We provide signals of course. We also provide the education.

The education behind the strategy. We teach you why we're taking such trades. We teach you the thought process what's going on behind the strategy. We talk to you about how to back test. How to analyze a strategy. How to actually see if this is credible going forward. What's the expectancy. That basically means what you can expect from that strategy. How many losses you could potentially have on the bounce. How many potential winners you can have on the bounce. We also factor in the risk management as well. We look at that in a very serious matter It's so so important risk management, so we cover that as well. The other thing you need to look at is the psychology behind training. Psychology it's pretty much 70% of everything we do as traders. Even if you're following a signal service or even if you're trading yourself. Psychology is crucial. You can follow a signal service. Have some losing trades. You then start doubling up or you then start throwing it out and getting another strategy. All this is the psychology. Getting a signal service without that analysis can lead to danger.

So I think it's fair to say there is a work, there is a space for a signal service. But you've got to look into it in the big picture. You've got to look into it is as part of your trading plan. Sure it takes some hard work away, but you've got to put a little bit more work into it. Believe me, there's no signal service out there that you can plug in follow religiously to give up your day job.

But there's certainly a space for it. I hope this video was insightful. And if it was, give me a thumbs up. If it wasn't, give me a thumbs down. Of course always leave a comment below. We'd love to hear from you. Love read in the comments. I get back to as many as I can. Subscribe to the channel if you haven't already done so and of course you can follow us on Instagram. In which case you get to see all the work that goes on behind these videos. Thanks again for this thing and till the next video good luck! .

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Forex Trading Signal Services: How To Get Best Results

Forex Trading Signal Services: How To Get Best Results

Hi I'm Scott Shubert in this video I'm going to show you the four steps to getting the best results using a forex trading signal service or signal provider then I'm going to show you which signal providers are the best and get the best reviews a lot of people have become interested in forex trading signal services the idea is that learning to actually train yourself is just too difficult and it takes too much time it takes years so it makes sense that many people want to make money immediately without having to go through years of trial and error and experience the pain of losing many accounts while trying to develop a skill that most people will never have so I was interested to see if anyone is actually making any money using a forex trading signal service to copy someone else's trees because you may find that it's not as simple as it sounds you might assume that using a forex trading signal service copying another winning traders trade you will also get consistent winning trades but you may soon find that there are even some challenges involved in doing that challenge number one is delay of entry one thing that a lot of people don't realize is that if you're using a forex trading signals service you actually need to be at your computer waiting for the signal so that you can enter now it's possible that you could be carrying a mobile device and you can set up your mobile device with a certain notification sound and then when the sound goes off you could pull out your mobile phone and enter the trade as quickly as you can if there is a delay of even up to a few seconds sometimes the trader who originally generate the signal might have already exited the trade before you actually see the entry to get in and even for medium term or swing trading sometimes a delay of to one minute or more could mean that the trade entry is no longer available the second problem is not knowing the reason for getting in if the reason for getting in is a visual or technical thing then how do you know that reason and then how would you know if the trade is still valid and if you did get in what would determine whether that trade was still valid over the next period of time after you get in for instance when I show someone the reason for getting into a trade in order to even explain why I get in I'd have to show several different time frames and usually I have to show several different pairs when I'm stalking a trade on a group of pairs like the Pound pairs a change in one of the currencies is definitely going to affect which pair I choose to get in if you don't see any of that or you don't have any idea why an entry would be an entry then you can't really make a judgment call as to whether the trade would still be good and you can't really measure the projected risk to reward at the current entry price at the time that you're entering the trade likewise many times if there could be a really good trade and many traders would think that it's already time to get out or the trade might have even gone bad and think that it has gone bad when I can clearly look at it and say this is going to continue to go for the next three days and there's no question about it everything is fine relax so if you don't know that then you wouldn't be able to have any confidence in the trade that you just entered so the next challenge with using a forex trading signal service is something that you would discover with some personal self-examination and some goal-setting so let's just look at why do you want to use a forex trading signal service well I assume that you want to make some money and you have decided that forex trading might be a good way to do that except that it's too difficult and takes too much time so that's why you decided to use a forex trading signal service I would guess that most people who are considering doing this have never owned a business before and have not explored the idea of how to start a business so if you explore the idea of entrepreneurship and educate yourself get a magazine or a couple of books on how to start a business then you get an idea about what's involved so then if you're going to use a forex trading signal service why wouldn't you just want to open a managed Forex account and just leave all of the trading in the decisions in the hands of the trader that you know will make winning trades and then there won't be any delay and you know that it will be done right well I can understand that possibly the reason that people are doing this is because they don't have enough capital for the minimum required to open a managed Forex account and that's understandable and maybe also you see this as a temporary tool on your path to success in trading so what's most important is that you want to feel good about choosing this particular business for a specific reason so if you choose to make use of a forex trading signal service as something that is a tool in your path to success in trading let's take a look at some of the options that are available if you start looking for forex trading signals services one of the things that you're going to find it you may find some reviews that are very old and the websites that are mentioned no longer exist and the companies are out of business here's a company that provides trade alerts trade signals and they were supposed to be good and I read that they were recommended in different reviews and so forth but then I look here and their performance just seems like so not very good what you see is that in an entire month they're getting like positive 82 pips I mean I don't quite understand how you can go am a month and only get 82 pips if you're actually trading so normally I would tend to get 82 or 126 pips portrayed and you know at least do that two or three times each week and some weeks are are not actually profitable for them they're not all that perfect of results and also just very totally mediocre if if you ask me for you know why would you pay for these things if if they're not getting really good results so that's didi mark it's digital derivatives markets the next service that I came across that looks to be pretty good is called 1000 pit builder this company is also publishing their performance and it looks okay and it's verified and tracked and what they're doing is sending you an email or an SMS text with the important details about the entry price the stop loss and take profit and you get all that for only $97 a month so and if that equates to consistent increase in capital every month how could that not be an excellent very low cost investment and why are they not charging percentage of increase every month okay this signal service seems to be pretty good and it's called Robbie Newton's honest Forex signals dot-com I kind of like that just in case you were thinking if you think we're not honest honest Forex signals is our name you can't get any better than that but anyway they do have statements right here they they're pretty transparent about what it is that they're doing and what I'm now noticing is that they're actually using a trade copier service which was going to be the subject of my next video the difference between trade signals and trade copying so in terms of the number of pips and the percentage of increase in capital looks like they're getting a respectable return over the last two years and to be able to get this kind of service for just a monthly payment it's only 177 dollars a month and you can even have it copied in your trading platform so you don't even have to execute the trades that sounds like a pretty good deal now I found some other things and several of them were already out of business their websites don't work and some of them don't actually provide anything that I can see as being trading signals so I can kind of understand how these trading signal providers could be a useful tool that could help you in your path to get to where you want to be in trading personally I've never considered offering this kind of trading signal services maybe at some point in the future we might do something like that but what I do instead is to show people each day when I'm getting into a trade exactly and explain exactly why so that you understand why I'm getting into a trade and then when it's time to get out I definitely want everyone to understand why you would get out of a trade and I believe that's a much more valuable service that benefits people to a higher level and this is the kind of service that helps people to actually become real traders the subject of trade copying is another subject I believe that this is another subject that is worthy of a whole other video to reveal more about the industry that is now emerging called trade copying if you have had good results using a forex trading signal service or if you did not just leave a comment below I can use that information as survey results in one of our future videos so I did some research and I found out the forex trading signal service providers that are still in existence and have good results and good reviews and I made a small report to get immediate access that click the link in the description below this video and as always to find out what really works in forex trading and crypto trading go to WWJD mastermind calm

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Make money online Australia

Make money online Australia

ThinkForex - Forex Broker - Australian Forex Broker - AU Forex

 At ThinkForex our customer service team is your team. We want people to be comfortable with us and trade with us for a long time We're going to Listen to them and were going to offer products and services that you know they want. ThinkForex tailors to all lever of traders. Wither you're a nervous, a intermediate or advance trader. ThinkForex has platform to help you secure the right trades. We continue to invest resources to identify more opportunity to provide additional client serveries. Our customer service is a collaborative process and we work with you to provide the best solution. it is not simply of providing customer support, it is more about providing a customer solution to all our traders and also building a long term relationship at the same time. Delivering quality consumer service and personalize customer service for our traders and clients is first and foremost at ThinkForex Our experience team of forex professionals is waiting to assist you in every step of the way.

At ThinkForex, our customer service team is your team.

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How to Make Money Online - 16 Methods to earn Passive Income and get paid from home
Make money online Australia
Make money online Australia
Hey guys I have two main goals with this video the first one is to educate and motivate you to learn how to make money online and the second is to beat improvement pills video on the same topic and hopefully by accomplishing the first goal by educating and motivating you and adding immense value throughout this video it will lead me to my second goal because for some reason I'm really competitive anyways the first time this video will be about active income and active income is basically exchanging your own time for money and the last half of this video will be about passive income online which basically means that it requires a little bit of initial startup time and resources but very very little upkeep once you set it up and at the very end of this video I'm going to give you my 3 recommendations for a beginner what I would have told myself a long time ago if I was starting to try to earn money online so feel free to sit back and learn you can even minimize this video if you'd like anyways here we go so if you've never heard of Amazon MTurk before what it stands for is Amazon Mechanical Turk it's basically a marketplace hosted by Amazon to do things that robots can't do that they have to have humans to do and they outsource it to you guys they outsource it to people with extra time who want to earn a little extra money there are all kinds of tasks on this website anywhere from searching data to data entry to transcribing which transcribing means watching and listening to a video or audio file and then typing it and you can actually make fifteen to thirty dollars an hour if you know how to do this correctly and if you know more than one language you can actually make money on this website by translating stuff now I've personally done this and I earned around forty to fifty dollars and I didn't put much work into it but my friend he worked a full time job and he actually did this on the side and he did it for a couple months and actually earned more than I think it was like three hundred fifty dollars each month so they are real they do payout you just have to put the time into it another way to make money online is by eBay now you can combine eBay Craigslist you can even go to the dollar store Facebook marketplace and basically what you do is you become an entrepreneur buying low and selling high you know you go to your local dollar store and you find this little trinket oh that looks cool I want to win it cost on eBay you look it up on eBay and you can sell it for 20 more dollars it's maybe it's a super soaker water gun you buy it at the dollar store for three dollars you sell it on eBay for twenty three boom twenty dollars right there it probably doesn't even take you an hour worth of your time anyways there are all kinds of marketplaces out there and if you learn how to leverage them what sells best to where you can make a ton of money flipping stuff number three is surveys now surveys are kind of a pain in the butt especially because I start getting some spam in the mail but you can't make a ton of money on this there's places out there like swag bucks which I'll talk about later inbox dollars my points there's all kinds of places you sign up to you take daily surveys and you make money that's not going to be a substantial amount like thousands of dollars a month but if you have a grocery bill or rent or some other type of expense that you need to get taken care of that month and you have some extra time it's a great way to fill that gap now on to swag bucks swag bucks is pretty cool because you can literally get paid by searching stuff so I did this probably a couple years ago and I've been doing it every now and then when my free time and you can earn a lot of extra money doing this basically instead of going to Google you use swag bucks custom search engine which you can set it to Google and you search stuff like how to tie a tie and then every once in a while they'll give you a reward for using their search engines now there are tons of other ways to earn money on swag bucks you can actually shop if you're going to shop on Amazon and you shop through them they will actually pay you a percentage of money for doing that you can watch videos that they have basically like watching advertisements other companies you can play games answer surveys there's all kinds of ways to make money on this and they do pay I have been paid by this company usually they just pay you buy gift cards which isn't that bad after swag bucks is instagram shoutouts our instagram shoutouts is really cool but it does take a little bit of time to build up because you have to have an initial following that's really cool because initially if you want to get a whole bunch of followers you can go through follow 100 people and then unfollow that 100 people and you'll usually have a net gain of like 10 to 50 new followers if you do that over time maybe a thousand times in one month or a couple months eventually you'll start to gain followers and if you need to you can actually buy them but after you have that initial following you can actually sell shoutouts if you haven't followed me on instagram yet follow me at practical underscore psych there's some awesome updates on there that I can't share on YouTube that I share on my Instagram anyways when I get to around 200,000 maybe even half a million I can start asking people to pay me so that I can shot them out I have a friend who does this he has around 2 million Instagram followers you might think holy moley that's a lot of followers to get I don't think I can ever do that well he said the same thing around 2 years ago and now he makes around 5 to 6 thousand dollars a month just by doing shoutouts he's easily made his money back the next way to make money online is by freelance jobs now one of the best marketplaces for freelance work is up work and this is actually what I use for all kinds of other stuff so if you're a video editor if you're a graphic designer even if you just want to like literally play a video game or test a website people will pay you to do this also if you're ever in need of a virtual assistant up work is a great place to go personally I use of work to hire occasional article writers video editors and even they do some graphic design work that I don't feel comfortable doing myself but you can sign up to up work as a freelancer which means when someone post a job you can do it boom they're 60 bucks in your pocket for designing a background or boom there's $100 in your pocket for editing a six minute video now another usually cheaper marketplace is fiber the fiber is really cool because there's a lot more people that do it usually because this stuff is cheaper and you can make money by selling your services so you can do SEO work you can do video editing graphic design even website feedback if you're comfortable doing that well you can sell your own services but there's another way to make money with Fiverr that not very many people know about if they do know about it they're usually raking in a ton of cash and that is to buy services from Fiverr for $5 $10 and then sell them to businesses who don't know how to get the same services that cheap for maybe $100 $200 I've literally seen some guy go to a company and say hey I'll make you a logo for $500 and then he takes that and he goes and pays five or $10 he gets a great logo and he just made like over $400 profit for a weekend's worth of work it's crazy once you learn how to do this you can scale it and make all kinds of money now let's talk a little bit about passive income now if you don't know anything about passive income I highly encourage you to buy my ebook in the link below it's called passive income tutorial and it goes through all kinds of mistakes that I've made in the past and what I've done in the past that has made me successful in fact one month I actually earned $15,000 a couple months later I actually didn't do any work for a solid month I literally read books all month I didn't do anything online and I earned $4,000 if you watch all the way through this video there will be a video in the in screen showing that proof and the reason I did that was as a testimonial to say I know how to make passive income online and you can buy this ebook if you want to learn how because there are a ton of people out there who say they can make money online but the only way that they make money online is by selling other people the dream that they can make money online - anyways the first way you can make passive income online is by selling photos so there are all kinds of websites out there that will pay you a percentage of how much money they earn from selling your photo so stuff like SmugMug Pro Shutterstock iStockphoto if you've ever tried to buy a photo you'll realize wow that was a hundred dollars for one photo well that's because Shutterstock pays a percentage of that money to the person that took that photo and you can do the same you can take one photo and then sell it on shutterstock and who knows someone might buy that every day and you'll get 50 bucks that's 50 bucks a day that you don't have to do any more work and that's the glory of passive income the second way that I've learned to make passive income online is through Clickbank now Clickbank is a marketplace basically of other people's products and the cool thing about this is is that you get to sell someone else's product it's basically affiliate marketing and I'll talk a little bit about that in the future on Clickbank personally there are only two products that I highly encourage someone to buy because I have bought them before and they're super easy to sell the first one is K money mastery and the second one is video breakthrough Academy and video breakthrough Academy it was actually created by one of my youtuber friends anyways what you do is you make a whole bunch of content and then you lead people to your affiliate link and then whenever someone clicks on that affiliate link you get a percentage of the sale for example video breakthrough Academy every time I sell one of those I get half of whatever someone pays for the product so if they pay $300 for that I will earn $150 some people make over 60,000 80,000 there are even some people who earn over half a million dollars online through selling other people's product the third coolest way to make passive income online is through Amazon affiliates now the way that Amazon affiliates work is that you put a link in your description of your YouTube channel or your blog or some other website that you have and what happens is whenever someone clicks on that link boom they get a cookie on their browser which means any product they buy on Amazon for the next 24 hours you get a percentage of and one example of this is that on my youtube channel I sell ebooks I create book reviews and then I sell books in the affiliate link in the description and someone actually clicked onto one of those links and then went and bought a thousand dollar camera now I personally did not sell that thousand dollar camera but what happened was Amazon wanted to reward me for directing the person to Amazon and they actually gave me like 50 bucks for that sale I wasn't even selling a camera and that was something that is really cool that a lot of people can do and usually the more clicks you can get on your Amazon affiliate links the more money you will earn even if it's not selling your product now one guy I know who has earned a ton on this and has all kinds of experience his name is Luke Lincoln and he is a website that literally sells just wireless routers and he is documented that he has earned over forty thousand dollars in one month from Amazon affiliate earnings now I mentioned earlier that I actually have an e-book and that's a whole another way that you can make passive income is by selling Kindle e-books now Kindle e-books are really easy to create and some people think that it's just really hard to make them so they don't get into them but I bought and went through the K money mastery course which I'll link in the description below and it teaches you how to create a Kindle eBook how to market your Kindle eBook how to do little tips and tricks on the Kindle Store so that it does well and selling and I did that before I created my passive income tutorial ebook and it did amazingly well I've earned like six or seven hundred dollars in the first couple months the trick with making money on Kindle is not that you have one book that makes you a thousand dollars a month it's having 100 books that makes you a dollar a day so that adds up and over time your investments start to return on themselves and you have a hundred ebooks maybe making between one and two sales a day earning you one hundred to two hundred dollars a day and that adds up over time so if you're interested in that I highly recommend going and checking out K money mastery and you can do something that improvement pill recommended which is to buy the product and then go through the course learn everything and then if you need to for some reason you need that money back you can ask for a refund because there is a 30-day refund on that product you can get that money back and then you can start creating your Kindle courses and then when you start earning your money back you know it's a respect thing it's a moral thing you should buy the product again so that the guy gets his money the next way to make passive income online is by selling digital files now one of the best sites that I found to do this is self Icom and usually they take a commission of whatever you sell it's like two to five percent I think but you can create a small little course or you can have website templates or you can have your own WordPress themes and sell it on this website drive traffic to that and then eventually I'll make money another way to make money by selling stuff is signing up for you to me and teaching a course now I've heard by some specific people that udemy kind of sucks because they'll gyp you out of money because it'll take your $300 course and then put it on sale for $10 so that they can get more users on their website and that's kind of blackhat kind of ripping off creators but what I recommend doing is going to teachable calm teachable for me personally I think it's way better than you to me and it's actually what I'm going to be making my own personal courses on I'm almost finished with a habbit course and I'm working on some ideas on social skills money management and the psychology of your thought those courses if for some reason you're interested in this course and you want to coupon on them whenever they come out I guarantee you you will have a coupon you will get a better price than everyone else if you go to practical pi comm and put your little email in that newsletter thing that whenever I launched that course I will launch it with a coupon code so that you'll get it a cheaper version so onto a membership website and this is essentially what I was going to do with practical Pi I was going to say all right everyone $30 a month you can sign up to my membership site you'll get all kinds of information that I've learned have regurgitated from books everything I've learned from business psychology relationships but those kind of membership sites take a lot of upkeep and I didn't want to do that on my own so I outsource it to teachable and whenever I launch my course that's what I'm going to use this teachable instead of my own membership website so that I don't have to deal with the coding and the back-end stuff and the last way that I'm going mentioned how you can make money online is by building a youtube channel now when you build a YouTube channel you can make a lot of money with ad revenue but it takes a ton of views you can actually make way more money if you sell stuff in the description you might get 10,000 views and that might earn you $20 but if you get 10,000 views and 10% of those people buy a $300 course of yours that's going to earn way more money than the video ever will so when you build a YouTube channel you have got to be passionate and I cannot stress this enough because there are tons of people who get into YouTube and will make a couple videos and then fall out because they're not passionate about it and they just give up and for me I want to tell you guys personally it took 98 videos for my channel to hit that big golden star and to go boom YouTube likes this channel it's going to start promoting it one of my videos got into recommended I learned and after creating 98 videos I got really good at how to create titles how to make your thumbnails and how to make sure that the viewer was engaged I learned how to do all of that through 98 videos now for some reason if you want to skip making 97 videos and you want to have all of that experience on your own you can actually go and check out the video breakthrough Academy it's actually created by one of my friends I've went through the course and I was like man I wish I could have learned this stuff back when I was starting my youtube channel so that I didn't have to learn it all myself actually going through his course I learned even more and it was really helpful so if for some reason you guys want to check that out I'll put a link to that in the description below it's called video breakthrough Academy there's some amazing value and there he goes over how to make more money on YouTube videos he goes over how to do collaborations correctly he goes over how to record a video how to script the video a whole bunch of little tips and tricks for engagement and anyways that is one of the best tools that I would suggest so that you can learn how to make money online quicker so we've went over about 8 active income tips which is in Turks eBay surveys swag bucks Instagram shoutouts freelance work freelance work on Fiverr and then actually selling fiber products to hire businesses and then we also went over eight passive income strategies and that is to sell photos online utilize Clickbank and affiliate sales Amazon affiliate sales selling Kindle e-books selling digital files on sulfide using udemy are teachable to create an mine course creating your own membership website and building a YouTube channel so now I'm going to give you my three recommendations for any beginners who want to learn how to make money online the first is to buy the K money mastery program ask for a refund and then buy it again later after you've made your money back you can learn as much as you want but premium stuff will always contain value and sometimes just paying that initial cost of buying the K money mastery program will motivate you to work harder and become successful so that you can actually earn your money back it's a great course that would be my first recommendation for a beginner who wanted to learn to make money online as it's been said in the past you've got to spend money to make money and this course really doesn't cost that much for how much you're going to be getting out of it my second recommendation is to sign up for fiber and offer whatever skills you have now there are a ton of tutorials on this and if for some reason you don't have a skill you can start watching youtube videos learn Photoshop learn After Effects learn how to code a website learn how to create a beautiful user interface whatever you can do to offer the world value and then sell that value on Fiverr and you make most of your money on Fiverr not by selling a 5 dollar product but by the upsells selling more expensive upgrades and my last recommendation for beginners is to buy my ebook in the link below now of course I will be earning money on this but hopefully I've added enough value in the e-book that you will earn way more money back the first third of the e-book is actually going through my mistakes and what kind of mistakes you guys can skip in the future so that you can make money online quicker basically it'll help you jump-start your online income career if that's what you want to do I hope you guys enjoy this video I hope you got insane value out of it if you did share this video with your friends click the like button and subscribe if you want more

How to make money online in Australia fast and easy

During this uncertain economy I can fairly say that we all need to have a second or multiple income stream for ourselves and the Internet is probably the greatest source to achieve this simply because of the unlimited potential it works for you while you sleep and it's low or no cost at all on top of that you don't need to meet with any customers face-to-face or even talk to them on the phone you don't need to rent an office or hire any employees and you don't have to work to anymore but the best part is you can start as fast as within the next 24 hours and start making money in two weeks the fact is there are thousands of people who work from home today and plenty of internet millionaires the only problem is the Internet's a big place you may not know where to start and don't have a full picture of the entire system that is why I've prepared the operation quick money handbook to help you get started step-by-step guiding you to make your first 100 dollars and scaling it up to make thousands you may be wondering why I'm doing this for free it's simple I'm also the author of wake up millionaire which you can see at Amazon today it's my goal to help as many people as possible to achieve their personal freedom and the internet is the best vehicle to start this transformation you

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